Company
Daily Mail and General Trust
LON:DMGT
Daily Mail and General Trust PLC is engaged in multiple media business. The Company operates in six operating divisions: national newspapers, local media, business information, Euromoney Institutional Investor (Euromoney), exhibitions and radio. The Company’s subsidiaries include Associated London Distribution Limited, Associated Northcliffe Digital Group Limited, Allegran Limited, DMG Ireland Holdings Limited, Find a Property Limited and Loot Limited. On October 6, 2006, the Company acquired Metal Bulletin plc. In August 2006, the Company acquired Simply Switch.
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MailOnline finally caves as paywalls to be introduced - reports
MailOnline is the UK's second most popular news site, behind the BBC
Lord Rothermere cements control of Daily Mail by becoming chief executive
The move follows the resignation of chief executive, Paul Zwillenberg and means Rothermere will be chairman and CEO of the family media empire
Investments and investor services
Daily Mail finally settles its controversial special dividend
A planned special dividend that involved part-payment with shares in ailing car dealer Cazoo was agreed as part of the Rothermere family's offer to take the publisher private
Daily Mail bid from Rothermere family could go either way in deciding day
A further 4.9% of investors need to accept the proposed offer by tomorrow for RCL to attain its minimum 50% level
Daily Mail bid from Rothermere family heading to the wire
A further 8% of investors need to accept the proposed offer by Thursday for the Rothermere family to attain its minimum 50% level
Rothermere’s higher Daily Mail offer still fails to convince shareholders
It said it had also received letters of intent to accept from 7.8% of investors taking its potential ownership to 41.8%, though is still well short of the acceptance level of 50%
Investments and investor services
Lord Rothermere ups bid for Daily Mail publisher after shareholder backlash
Rothermere has also lowered the acceptance threshold to 50% from 90%
Daily Mail and General Trust offer garners little support so far
Two institutional shareholders have publicly spoken out against the proposal
Major investor says DMGT takeover by Lord Rothermere is at less than half fair value
The group's digital assets are "on their own worth more than RCL’s current valuation of the remaining group"
Investments and investor services
Daily Mail and General Trust shareholder says Rothermere is making lowball offer
Majedie Asset Management said its appraised valuation estimate of only the largest businesses within the group "materially exceeds double the current offer price"
DMGT to go private as Lord Rothermere agrees deal
Shareholders will receive 255p in cash, a special dividend of 568p, and 0.5749 Cazoo shares for each share they own
Daily Mail and General Trust close to deal with pension trustees
DMGT has decided to implement a major reorganisation as a prelude to an offer for the company by its controlling shareholder, RCL.
Cazoo starts trading on the NYSE
The company has a stock market valuation of around US$8bn, making it the most valuable UK outfit ever to list across the pond.
DMGT agrees sale of risk business RMS for £1.43bn
The price for RMS is in line with the terms agreed for the Rothermere buy-out
DMGT and Goldman Sachs back buy-now-pay-later firm Zilch in £80mln funding round
Zilch, which offers users the ability to spend in over 5,000 stores using its card, raised a total of US$200mln in the Series B funding round, originally announced in April
Daily Mail set to go private as Rothermere unwinds DMGT
Owner Lord Rothermere will buy the newspaper after disposals of RMS and Cazoo stake
Daily Mail owner sees profits tumble but enjoys ballooning Cazoo stake
Its investment in Cazoo was valued at £117mln in October but a proposed US$7bn Wall Street IPO for the used car site saw the stake valued at circa US$1.35bn
Daily Mail launches lawsuit against Google over search engine ratings
The lawsuit, which was filed in New York on Tuesday
Daily Mail and General Trust acquires the New Scientist magazine
Some might think the two are unlikely bedfellows in terms of their approach to science.
Daily Mail and General Trust sells its Hobsons EdTech business
The Edtech business was restructured in 2017 and has improved so much, DMGT has decided to sell it
Daily Mail & General Trust says first quarter in line with expectations but trading remains uncertain
The newspaper owner reported that for the three months to December 31, revenues fell 15% on an underlying basis to £304mln, although it said declines in its consumer media and events & exhibitions businesses had been “partially offset” by 8
Daily Mail and General Trust keeps up dividend as profits halved
“The outlook for UK property information and consumer media remains difficult to predict, whilst for events and exhibitions, conditions remain particularly challenging,” the group said
Daily Mail and General says it returned to profit in June despite advertising slump
In the three months to June 30 advertising revenue dropped 45% as the coronavirus pandemic hit the media group's print and digital ad formats
Daily Mail and General Trust ups dividend despite falling profits and newspaper sales
Sales were down 5% in the first half to end-March, fell 23% in April and shrank 30% in the first four weeks of May
Archive
Daily Mail & General Trust investors brace for coronavirus pandemic sales hit
Daily Mail & General and IWG are among the notable names in Thursday's diary.
Daily Mail and Reach both warn of adverse impact of coronavirus on recent trading
Both media groups were trading in line with expectations until March; now all bets are off
DMGT faces CMA probe into i newspaper acquisition
The Daily Mail's owner said he was committed to keeping the 'i' newspaper's “politically independent editorial style”
Daily Mail & General Trust profits and revenues slip as it continues transformation
For the year ended 30 September, the owner of the Daily Mail and Metro newspapers reported a pre-tax profit of £145mln down 21% year-on-year, while revenues dipped 1% to £1.4bn
Archive
FTSE 100 fails to build on Wednesday's rebound as sterling strength weighs
Footsie closed around 50 points lower, to stand at 7,137, with big miners taking a hit
Daily Mail - read all about it on Thursday
Full-year numbers are also due from Victrex, plus Interims from DS Smith and a trading update for IG Group
Daily Mail and General Trust offloads energy information business for US$364mln
“This transaction marks another major milestone in DMGT’s continued transformation and is in line with our strategy,” chief executive Paul Zwillenberg said.
Archive
FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
Archive
Day ahead preview: Unilever, National Express, Diageo, ECB
With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
Archive
ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
Liberum ups rating for Daily Mail & General to ‘hold’ from ‘sell’ in the wake of upbeat first-half results
“Advertising, particularly at Mail Online, looks to be holding up better than expected, which is not what we expected when we downgraded DMGT to Sell in April," the Liberum analysts said
Daily Mail and General Trust surges as consumer media business has good first half
Group revenue for the six months to 31 March was £724mln, a decrease of 3% year-on-year, reflecting the effect of disposals. On an underlying basis, revenue grew 1%.
Investments and investor services
FTSE 100 regains ground at the close
The FTSE 100 closed 32.86 points higher at 7,218.16 on Thursday, just easing off its late afternoon high of 7,235
Archive
Johnson Matthey's final results provide a step up in class for Thursday's corporate diary
The Day Ahead will also bring updates from two FTSE 250-listed firms, transport operator FirstGroup and water utility Pennon, plus numbers from newspapers group Daily Mail
Archive
Enjoy the UK bank holiday, because there will be little else to get excited about in the coming week
The shortened trading Week Ahead will only bring updates from the likes of second-liners FirstGroup, Pennon, Wizz Air, and Daily Mail & General Trust
Euromoney celebrates underlying growth and 'fully independent' status
Business information and events group became "fully independent" after former 49% shareholder DMGT sold its stake last month
Daily Mail owner to become victim of Brexit alongside ITV, says Liberum
Liberum cut its rating on Daily Mail and General Trust to 'sell' from 'hold' and lowered its target price to 620p from 625p
Daily Mail & General to distribute stake in Euromoney and £200mln in cash to eligible A share holders
DMGT chief executive, Paul Zwillenberg commented: "In total, the distributions will result in almost £900mln of assets being returned to shareholders"
Daily Mail & General Trust says reviewing options in respect of its remaining holding in Euromoney
The Sunday Times reported that the Daily Mail owner was considering offloading its 49% stake in Euromoney in a move that would help to fund a ££750mln special cash return to shareholders
Daily Mail and Metro owner maintains full year guidance after online advertising growth boosts first-quarter revenue
The consumer media unit is forecast to post a “mid-single-digit” underlying drop in revenue with the adjusted operating profit margin in the “high-single digits”
Investments and investor services
FTSE 10O closes in red after ECB meet; Vodafone top laggard
The UK's premier stock index finished down nearly 24 points at 6,818
Archive
Mining updates continue to flow, with investors in Anglo American set for a deep dig
The Day Ahead also includes updates from blue-chip wealth manager St James's Place and new Wagamama owner The Restaurant Group, plus the latest European Central Bank policy meeting
Archive
FTSE 100 closes in the red as global market unease continues
Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Daily Mail and Metro owner's shares plunge as it warns on challenging newspaper market
For the 2019 financial year, the company expects underlying revenues in the consumer media division to fall by “mid-single” digits
Archive
FTSE 100 closes higher but Wall Street lags
The FTSE 250 index, though, fell around 30 points to 18,609 on the day
Archive
Thursday’s spotlight to focus on planes, trains and pubs with meals
Thomas Cook, Go-Ahead Group, and Greene King will be among Thursday's highlights.
Archive
Christmas lights starting to peek out from under spreadsheets as updates slow in last week of November
The Week Ahead will bring a hotch-potch of updates from the likes of blue-chip Intertek Group, and mid caps Thomas Cook, Pennon, Greene King, Go-Ahead Group, and Britvic
Investments and investor services
Two Shields and Bushveld wave the flag for African mineral assets
A look at the day's winners and sinners, including Dignity, Online Blockchain, Restaurant Group, TomCo Energy, Johnston Press, GYG, Anglo African Agriculture and Carr's Group
Johnston Press surges on reports Daily Mail and General Trust is considering buying i newspaper
Sky reported that the Daily Mail is mulling a bid for the i newspaper, which Johnston bought for £24mln in 2016 and is widely seen as the company’s flagship title
Investments and investor services
Daily Mail downgraded on slowdown fears
Liberum downgraded the Daily Mail to 'sell' with a 685p target
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
Archive
Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
Archive
Apres moi le deluge: Flood of blue chip results to dominate in coming week, including BT Group
Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
Goldstone Resources surges after confirming high-grade gold at Akrokeri
A look at some of the biggest risers and fallers in London on Thursday
Three property portals the golden scenario for website group OnTheMarket
Ian Springett, OnTheMarket’s co-founder and chief executive officer could instantly see the issues that made estate agents frustrated by the duopoly of Rightmove and Zoopla
Investments and investor services
FTSE 100 joins global equities to head lower as geopolitical worries weigh
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
Investments and investor services
Kingfisher and Tate & Lyle key names in diary as spotlight falls on UK consumer
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
Archive
Retailers in focus for coming week, with Marks & Spencers, Kingfisher, and Halfords set to update
Aside from the retails, the week ahead includes results from utilities Pennon PLC, Severn Trent PLC, United Utilities PLC, and SSE PLC, plus updates from Ryanair PLC and Britvic PLC, and the latest UK inflation numbers
Blue-chip City analysts agree that Silver Lake’s £2.2bn takeover of ZPG will go ahead
Deutsche Bank, Barclays, UBS and RBC all expect the deal to be waved through by ZPG shareholders given the “healthy” premium being paid and the lack of a rival suitor
Oil services giant John Wood Group gushes higher as it says it's confident of return to growth in 2018
A look at some notable movers in London trade on Friday
Zoopla parent ZPG agrees £2.2bn takeover by US private equity firm Silver Lake
ZPG’s biggest shareholder, Daily Mail and General Trust, has already given its backing to the deal, which values ZPG’s shares at a 30% premium to yesterday’s close
Euromoney agrees US$180.5mln sale of Global Markets Intelligence Division to consortium led by CITIC Capital
Euromoney said the net proceeds of about US$145mln would leave it in a net cash position and provide it with funds to help grow its activities in pricing, asset management and telecom
Investments and investor services
FTSE 100 closes lower as Euro gains ground
Britain's blue-chip benchmark finished around 27 points lower at 7,615.
Investors to look for clarity on Fox takeover in Sky’s trading update on Thursday
The proposed £11.7bn takeover of Sky from Fox is all becoming a bit messy, so investors will be hoping the UK broadcaster can shed some light on whether a takeover from anyone is likely
Exane BNP Paribas less bearish on DMGT, says most risks are now priced in
DMGT issued several profit warnings last year, but with the dirty laundry having now been washed in public, Exane expects a less bumpy ride in 2018
Archive
Margin improvements the focus for interims from drinks group Diageo in coming week
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
Euromoney says European Commission conducting unannounced inspection of its RISI business
In a brief statement, the FTSE 250-listed magazine publishing and events group said the Commission is investigating the sector of Kraft paper in the European Union/European Economic Area
Daily Mail and General places struggling, US property information business into Chapter 7 liquidation
The media group announced that, following completion of that strategic review, the board of Xceligent has decided to file for Chapter 7 liquidation
DMGT slumps as it warns of further declines in newspaper advertising after 2017 loss
Liberum cut its rating on the stock to 'hold' from 'buy' and lowered its
Investments and investor services
FTSE 100 closes firmly in red as Wall Street surges; pound gains
The blue-chip benchmark closed in negative territory as sterling rose
Archive
Greene King and Marston's results eyed as UK pub operators tackle rising costs
UK pubs are in focus on Thursday with results from Greene King and Marston's
Investments and investor services
FTSE 100 closes in red as sterling nudges higher; Glaxo top riser
It was an up then down day for the FTSE 100 and the Bitcoin cryptocurrency set new highs.
Archive
Pubs in focus again with updates from Marston's and Greene King eyed
The Week Ahead includes updates from pubs operators Marston's and Greene King, plus results from Britivc, Daily Mail & General Topps Tiles, and Pennon
Daily Mail upgraded by Goldman Sachs to 'neutral' from 'sell' following underperformance
The newspaper publisher continues to face risks from a decline in print advertising and an increase in cost inflation for raw materials, Goldman Sachs said
Daily Mail & General Trust shares fall as it sees profit at low-end of estimates, with underlying revenue up 1%
The newspapers publisher said its outlook is for "adjusted EPS (earnings per share) towards the higher end of the range and adjusted PBT (profit before tax) towards the lower end of the range”
FTSE 100 closes firmly higher as weak pound gives it a boost
FTSE 100 closed over 66 points higher at 7,438 with budget carrier easyJet the top flyer
Archive
Tesco and Greggs to give a taste of high street conditions; hurricanes could have blown away US jobs
Week ahead to include first half results from supermarkets giant Tesco PLC, an update from high bakery chain Greggs PLC (LON:GRG), and the latest US jobs data
Daily Mail shares drop after cuts to guidance for both its information and events businesses
DMGT reported an 5% fall in first-half adjusted pre-tax profit to £105mln, as underlying revenues increased by just 1% to £890mln, reflecting pressures in its information business and planned investment costs
Archive
OPEC tipped to agree production cut extension
Day ahead: OPEC meeting in Vienna, Halfords preliminaries ...
FTSE 100 closes below 7,500; Marks & Spencer top riser
The pound has given up some of its recent gains, which has helped the internationally-focused firms on the FTSE 100
Archive
Marks & Spencer's womenswear woes under scrutiny again as retailers dominate
Week ahead: Marks & Spencer, Dixons Carphone, Kingfisher, De la Rue...
DMGT sells loss-making, viral video-sharing website Elite Daily
The publisher of the Daily Mail said the sale of the business will enable its consumer division, dmg media, to concentrate its digital resources on MailOnline
Investments and investor services
Sky, Unilever and Diageo all on the agenda for a busy Thursday
BT Group shocked investors earlier this week so many will be waiting on tenterhooks to hear whether TV and broadband bundling rival Sky is faring better.
Archive
Small decline in 2016 revenue tipped for Unilever
Also reporting: Diageo, Daily Mail, Sky, Anglo American, Lonmin, St James's Place and Whitbread
Archive
Of BT's battles with Ofcom & Sky, and Unilever's face-off with supermarkets
Lots of big names reporting this week including: BHP, Dixons Carphone, easyJet, Diageo, Sky, Unilever and BT
15% upside at Daily Mail reckons Liberum
The positive for the broker is that management has made it clear that they are looking to reorganise the portfolio.
Investments and investor services
Shine on Harvest Minerals
harvest has submitted the necessary documentation to the Departamento Nacional de Produção Mineral in Brasilia
FTSE 100 shares taken higher by Sky
FTSE 100 shares closed higher on Friday, after Wall Street recorded another set of record high indices and it was announced just before closing time that 21st Century Fox plans to take over UK broadcaster Sky PLC
Archive
Trending - Telecoms, the Daily Mail and General Trust and the new fiver
A look at some of the top trending stories of the day
Daily Mail and General Trust finals beat City estimates
Operating profit at DMG Media fell 23% to £77mln for the 12 months to end September compared to £96mln last year.
Archive
Read all about it with Daily Mail and General Trust results
In September, the firm said its full-year outlook remained in line with market expectations.