BUZZ-UBM: rallies on robust H1 and allayed China fears

** UBM (LSE: UBM.L - news) up 5.3 pct after co reports a strong H1 and says confident about FY outlook

** The events and communications co says H1 reported revenue jumps 26.3 pct, buoyed by the inclusion of its recent acquisition Advanstar and positive currency movement

** Co says events in China performed well in H1 and forward indicators for H2 are good, allaying fears that the China-exposed equity was hurting

** CEO Tim Cobbold told Reuters that UBM's Chinese events saw double digit revenue growth, adding that co was seeing good economic activity and good growth prospects in the country

** UBM derived 23 pct revenues from China in 2014 according to Thomson Reuters (Dusseldorf: TOC.DU - news) data

** "...The fact that the Advanstar synergies should now come through one year earlier than expected and that China events have performed well despite the economic volatility should be taken well," Liberum analysts say (Reiterate "buy")

** Stock top performer on the FTSE All Share Media Index and second largest percentage gainer on the FTSE Mid 250 Index (Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net)