Daily Mail and General Trust (LON:DMGT) will be releasing a trading statement on Wednesday.
Heavyweight Goldman Sachs recently raised its target price from 695p to 780p, but still recommends selling.
In July this year, Viscount Rothermere moved to take full control of the publisher of the UK’s Daily Mail and Mail on Sunday newspapers by seeking to buy out outstanding voting shares from his uncle and other holders.
UBS is forecasting revenue of £1,910mln and underlying earnings (EBITA) of £289mln, which puts it in line with the consensus numbers.
“Key areas of focus will be any commentary on revenue / profit growth at Zoopla, along with advertising trends in the national newspapers into calendar Q4 and revenue trends at RMS,” reckons UBS’s Alastair Reid.
Significant announcements expected
Companies: Finals: Animalcare Group (LON:ANCR), Avingtrans (LON:AVG), Clinigen Group (LON:CLIN), Origin Enterprises (LON:OGN). Interims: Acta S.p.A. (LON:ACTA), Graphite Enterprise Trust (LON:GPE), Havelock Europa (LON:HVE), Instem (LON:INS), Iofina (LON:IOF), Nationwide Accident Repair Services (LON:NARS), S & U (LON:SUS). Trading Statement: Daily Mail and General Trust (LON:DMGT), PZ Cussons (LON:PZC).
Macro: UK: CBI Realised Sales. EU: GfK German Consumer Climate. US: Core Durable Goods Orders, Durable Goods Orders, New Home Sales.