Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

 70.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 87.35
  • 52 Week Low: 59.10
  • Currency: UK Pounds
  • Shares Issued: 317.97m
  • Volume: 30,938
  • Market Cap: £222.58m

Government refers Trinity Mirror's Express deal to regulators

By Sean Farrell

Date: Tuesday 01 May 2018

LONDON (ShareCast) - (Sharecast News) - The government has directed regulators to examine whether Trinity Mirror's £126m purchase of the Express and Star newspapers is in the public interest.
Matt Hancock, secretary of state for digital, culture, media and sport, said he had concerns about freedom of expression and editorial decisions as well as media plurality.

Hancock has asked Ofcom, the communications regulator, to report on media aspects of the deal. The Competition and Markets Authority will report on jurisdiction and competition issues.

Both regulators have until 31 May to complete their reports. The CMA was already investigating the deal and will speed up its work to meet the deadline.

"I will then consider whether or not to refer the merger for a more detailed investigation, or whether to accept undertakings-in-lieu of such a reference," Hancock said in a statement.

Trinity Mirror owns the left of centre Daily Mirror, Sunday Mirror and The People as well as Scotland's Daily Record and Sunday Mail. It bought Northern & Shell's publishing assets from Richard Desmond in March in a deal that brought the right-wing Express and Star newspapers into its fold.

Trinity Mirror's chief executive Simon Cox has said the deal will not affect the editorial lines of any of the papers. The Guardian is the only other left of centre national newspaper printed in the UK. The Times, Telegraph, Mail and Sun papers all traditionally support the Conservative party. The Financial Times is less steadfastly right-wing but tends to support the Conservatives at elections.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Reach Market Data

Currency UK Pounds
Share Price 70.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 87.35
52 Week Low 59.10
Volume 30,938
Shares Issued 317.97m
Market Cap £222.58m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.60% above the market average99.60% above the market average99.60% above the market average99.60% above the market average99.60% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
50.26% below the market average50.26% below the market average50.26% below the market average50.26% below the market average50.26% below the market average
10.64% below the sector average10.64% below the sector average10.64% below the sector average10.64% below the sector average10.64% below the sector average
Income
99.25% above the market average99.25% above the market average99.25% above the market average99.25% above the market average99.25% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
87.66% below the market average87.66% below the market average87.66% below the market average87.66% below the market average87.66% below the market average
72.73% below the sector average72.73% below the sector average72.73% below the sector average72.73% below the sector average72.73% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reach Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 10-Aug-23
Paid 31-May-24 22-Sep-23
Amount 4.46p 2.88p

Trades for 19-Apr-2024

Time Volume / Share Price
09:29 1,059 @ 69.46p
09:19 271 @ 68.80p
08:56 800 @ 69.60p
08:56 7,142 @ 69.60p
08:22 7,175 @ 69.20p

Reach Key Personnel

Chair Nick Prettejohn
CEO Jim Mullen
CFO Darren Fisher

Top of Page