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
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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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
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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
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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.
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FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
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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
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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%.