Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

71.50p
   
  • Change Today:
      2.30p
  • 52 Week High: 87.35
  • 52 Week Low: 59.10
  • Currency: UK Pounds
  • Shares Issued: 317.97m
  • Volume: 448,590
  • Market Cap: £227.35m

UK's Prince Harry wins damages from Daily Mirror over phone hacking

By Frank Prenesti

Date: Friday 15 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Britain's Prince Harry on Friday won a substantial part of his phone-hacking case against the Reach-owned Daily Mirror tabloid newspaper and other titles.

High Court judge Mr Justice Fancourt awarded him £140,600 in damages, adding that there was "no doubt" that the former Daily Mirror editor Piers Morgan and other senior editors, lawyers and executives at the newspaper group knew about phone hacking and other illegal information gathering. The prince had been seeking £440,000.

He found that 15 out of 33 articles related to Harry, whose formal title is the Duke of Sussex, focused on during the trial were the product of hacking from his mobile phone or unlawful information gathering.

Hailing the result as a victory, Harry said in a statement read out by his lawyer: "Today is a great day for truth, as well as accountability."

"The court has ruled that unlawful and criminal activities were carried out at all three Mirror group newspaper titles - the Mirror, the Sunday Mirror and the People - on a habitual and widespread basis for over more than a decade."

"This case is not just about hacking - it is about a systemic practice of unlawful and appalling behaviour, followed by cover-ups and destruction of evidence, the shocking scale of which can only be revealed through these proceedings."

The judge ruled that unlawful investigations started in 1995 and were widespread from 1996 onwards; phone hacking began in 1996 and was "widespread and habitual" from 1998. He added that senior editors were aware of the activity but "the editors of the three newspapers did not report what they knew".

He said that while most directors of the company did not know about illegal activity, Paul Vickers, the group legal director, "certainly knew about phone hacking from about the end of 2003" while the ex-Mirror chief executive Sly Bailey knew of hacking and "turned a blind eye".

Reporting b y Frank Prenesti for Sharecast.com

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Reach Market Data

Currency UK Pounds
Share Price 71.50p
Change Today 2.30p
% Change 3.32 %
52 Week High 87.35
52 Week Low 59.10
Volume 448,590
Shares Issued 317.97m
Market Cap £227.35m

Reach Star Ratings

Compare performance with the sector and the market.
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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
49.25% below the market average49.25% below the market average49.25% below the market average49.25% below the market average49.25% below the market average
23.4% below the sector average23.4% below the sector average23.4% below the sector average23.4% below the sector average23.4% below the sector average
Income
99.75% above the market average99.75% above the market average99.75% above the market average99.75% above the market average99.75% 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
87.38% below the market average87.38% below the market average87.38% below the market average87.38% below the market average87.38% 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
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Strong Sell 0
Total 4
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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 26-Apr-2024

Time Volume / Share Price
16:35 62,628 @ 71.50p
16:35 6 @ 71.50p
16:35 653 @ 71.50p
16:35 450 @ 71.50p
16:35 149 @ 71.50p

Reach Key Personnel

Chair Nick Prettejohn
CEO Jim Mullen
CFO Darren Fisher

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