Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

93.65p
   
  • Change Today:
    -4.45p
  • 52 Week High: 420.00
  • 52 Week Low: 86.70
  • Currency: UK Pounds
  • Shares Issued: 316.06m
  • Volume: 794,825
  • Market Cap: £295.99m

Newsquest in 'exclusive talks' to buy Archant - report

By Abigail Townsend

Date: Monday 07 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Newsquest is understood it be in exclusive takeover talks with regional newspaper giant Archant, it was reported on Monday.
Archant, which owns a range of regional titles from Norfolk's Eastern Daily Press to the Wanstead and Woodford Recorder in east London, was put up for sale last month by its owner, Rcapital.

It has already attracted interest from several media firms, including Mirror owner Reach, and Scotsman owner National World.

But according to Sky News, Newsquest - which is owned by US publisher Gannett - has now entered into a period of exclusive discussions. No financial details are known, though according to Sky, Archant has around £8bn of debt.

Neither Newsquest nor Rcapital have commented on the report.

Turnaround specialist Rcapital acquired Archant in 2020. Archant, which is based in Norwich and was founded in 1845, also owns a number of magazine titles alongside its regional newspapers.

Newsquest, the UK's second-biggest regional player, owns more than 120 news brands including a number of daily newspapers, such as The Herald in Glasgow and Brighton's The Argus, and a number of regional magazines. Previously listed on the London Stock Exchange, it was acquired by Gannett in 1999.

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Reach Market Data

Currency UK Pounds
Share Price 93.65p
Change Today -4.45p
% Change -4.54 %
52 Week High 420.00
52 Week Low 86.70
Volume 794,825
Shares Issued 316.06m
Market Cap £295.99m

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.74% above the market average96.74% above the market average96.74% above the market average96.74% above the market average96.74% 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
50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average
59.26% below the sector average59.26% below the sector average59.26% below the sector average59.26% below the sector average59.26% below the sector average
Income
98.85% above the market average98.85% above the market average98.85% above the market average98.85% above the market average98.85% 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
10.91% above the market average10.91% above the market average10.91% above the market average10.91% above the market average10.91% above the market average
28.30% above the sector average28.30% above the sector average28.30% above the sector average28.30% above the sector average28.30% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_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 11-Aug-22 12-May-22
Paid 23-Sep-22 10-Jun-22
Amount 2.88p 4.46p

Trades for 08-Aug-2022

Time Volume / Share Price
13:35 1,042 @ 93.43p
13:32 2,000 @ 93.50p
13:30 415 @ 93.65p
13:26 134 @ 93.15p
13:26 32 @ 93.15p

Reach Key Personnel

Chair Nick Prettejohn
CFO Simon Fuller
CEO Jim Mullen

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