Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

120.00p
   
  • Change Today:
      0.70p
  • 52 Week High: 420.00
  • 52 Week Low: 116.80
  • Currency: UK Pounds
  • Shares Issued: 315.06m
  • Volume: 975,707
  • Market Cap: £378.08m

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.

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Reach Market Data

Currency UK Pounds
Share Price 120.00p
Change Today 0.70p
% Change 0.59 %
52 Week High 420.00
52 Week Low 116.80
Volume 975,707
Shares Issued 315.06m
Market Cap £378.08m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.36% above the market average95.36% above the market average95.36% above the market average95.36% above the market average95.36% 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
49.56% below the market average49.56% below the market average49.56% below the market average49.56% below the market average49.56% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Income
97.89% above the market average97.89% above the market average97.89% above the market average97.89% above the market average97.89% 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
30.78% above the market average30.78% above the market average30.78% above the market average30.78% above the market average30.78% above the market average
9.43% above the sector average9.43% above the sector average9.43% above the sector average9.43% above the sector average9.43% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
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Reach Dividends

  Latest Previous
  Final Interim
Ex-Div 12-May-22 12-Aug-21
Paid 10-Jun-22 24-Sep-21
Amount 4.46p 2.75p

Trades for 20-May-2022

Time Volume / Share Price
16:35 136,530 @ 120.00p
16:29 2,944 @ 120.70p
16:29 336 @ 120.70p
16:28 939 @ 120.80p
16:27 871 @ 120.80p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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