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
Company
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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Investments and investor services
The FTSE 100 closed 32.86 points higher at 7,218.16 on Thursday, just easing off its late afternoon high of 7,235
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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
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The shortened trading Week Ahead will only bring updates from the likes of second-liners FirstGroup, Pennon, Wizz Air, and Daily Mail & General Trust
Business information and events group became "fully independent" after former 49% shareholder DMGT sold its stake last month
Liberum cut its rating on Daily Mail and General Trust to 'sell' from 'hold' and lowered its target price to 620p from 625p
DMGT chief executive, Paul Zwillenberg commented: "In total, the distributions will result in almost £900mln of assets being returned to shareholders"
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
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
The UK's premier stock index finished down nearly 24 points at 6,818
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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
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Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
Investments and investor services
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
For the 2019 financial year, the company expects underlying revenues in the consumer media division to fall by “mid-single” digits
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The FTSE 250 index, though, fell around 30 points to 18,609 on the day
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Thomas Cook, Go-Ahead Group, and Greene King will be among Thursday's highlights.
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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
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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
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
Liberum downgraded the Daily Mail to 'sell' with a 685p target
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.