Reach (RCH)

Sector:

Media

Index:

FTSE 250

267.50p
   
  • Change Today:
    -8.00p
  • 52 Week High: 420.00p
  • 52 Week Low: 191.00p
  • Currency: UK Pounds
  • Shares Issued: 313.96m
  • Volume: 516,865
  • Market Cap: £839.84m
  • Beta: 0.01

DMGT to buy i newspaper from JPI Media for ?49.6m

By Michele Maatouk

Date: Friday 29 Nov 2019

LONDON (ShareCast) - (Sharecast News) - The Daily Mail and General Trust has agreed to buy the i newspaper from JPI Media - formerly Johnston Press - for £49.6m in cash.
Lord Rothermere, chairman of DMGT, which owns the Daily Mail and Metro, said: "We are delighted to welcome the i to our stable of media brands. It is a highly respected publication with a loyal and engaged readership. We are committed to preserving its distinctive, high quality and politically independent editorial style.

"The acquisition of the i is both strategically and financially compelling for DMGT and there is scope for potential synergies in the future, notably from dmg media's existing infrastructure and in advertising sales."

He said the business will benefit from DMGT's "long-term approach and commitment" to investing in editorial content.

"We also see good opportunities to develop inews.co.uk, a growing digital media asset," he said. "Financially, the i will be a strong cash generator for the Group as we continue to invest across the portfolio, both organically and through acquisitions."

Publishing company Reach said earlier on Friday that it had ended discussions with JPI Media about the possible acquisition of some of its titles.

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Reach Market Data

Currency UK Pounds
Share Price 267.50p
Change Today -8.00p
% Change -2.90 %
52 Week High 420.00p
52 Week Low 191.00p
Volume 516,865
Shares Issued 313.96m
Market Cap £839.84m
Beta 0.01

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.67% above the market average83.67% above the market average83.67% above the market average83.67% above the market average83.67% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average
Price Trend
51.07% above the market average51.07% above the market average51.07% above the market average51.07% above the market average51.07% above the market average
32.20% above the sector average32.20% above the sector average32.20% above the sector average32.20% above the sector average32.20% above the sector average
Income
23.67% below the market average23.67% below the market average23.67% below the market average23.67% below the market average23.67% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
13.53% above the market average13.53% above the market average13.53% above the market average13.53% above the market average13.53% above the market average
43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
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
  Interim Final
Ex-Div 12-Aug-21 13-May-21
Paid 24-Sep-21 04-Jun-21
Amount 2.75p 4.26p

Trades for 21-Jan-2022

Time Volume / Share Price
16:45 342 @ 266.00p
16:45 342 @ 266.00p
16:35 3,120 @ 267.50p
16:35 119,988 @ 267.50p
16:29 46 @ 265.50p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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