Monday broker round-up
30th Jul 2018 13:17
(Sharecast News) - Sophos Group: Numis upgrades to add with a target price of 580p.
Read moreExane picks WPP and cuts DMGT as media set to outperform in 2017
16th Jan 2017 12:10
(ShareCast News) - After a weak 2016, Exane BNP Paribas predicted the media sector will outperform the wider market in 2017, though downgraded Daily Mail & General Trust due to "significant operational uncertainty". Exane said it expected media will outperform as the sector's relative p/e premium ha
Read moreEuromoney slumps as DMGT cuts stake to 49%
9th Dec 2016 09:13
(ShareCast News) - Business information and events group Euromoney Institutional Investor was under the cosh on Friday as Daily Mail and General Trust cut its stake in the company to around 49% from 67%. DMGT sold around 32.3m shares in Euromoney at 975p per share, raising proceeds of approximate
Read moreDaily Mail operating profit drops but results top expectations
1st Dec 2016 08:03
(ShareCast News) - Daily Mail & General Trust reported a drop in pre-tax profit and operating profit for the year to the end of September, amid challenging market conditions for print advertising revenues, but the results were ahead of expectations. Adjusted pre-tax profit fell to £260m from £281m,
Read moreThursday preview: Daily Mail and General Trust reports full year results
30th Nov 2016 12:54
(ShareCast News) - The Daily Mail and General Trust reports its full year results on Thursday with analysts pencilling in a decline in earnings as the company conducts a strategic review of its operations. The group, which owns the UK's Daily Mail newspaper, is expected to report pre-tax profit of £
Read moreBroker tips: AstraZeneca, Daily Mail, Domino's
25th Nov 2016 15:23
(ShareCast News) - Liberum upgraded AstraZeneca to 'buy' from 'hold'. The brokerage had harboured concerns about the risks to the company's global Phase 3 study of durvalumab, MYSTIC, earnings weakness and bid speculation unwinding. However, with the stock down around 20% and at low not seen since
Read moreBarclays downgrades Daily Mail to 'underweight'
25th Nov 2016 08:04
(ShareCast News) - Barclays downgraded Daily Mail & General Trust to 'underweight' from 'equalweight' and cut the price target to 705p from 715p. The bank said it sum-of-the-parts valuation points to clear downside versus the current shares and that the stock is overvalued when looking at free cash
Read moreDaily Mail to make deeper staff cuts
29th Sep 2016 09:46
(ShareCast News) - Daily Mail and General Trust (DMGT) said full year results are anticipated to be in line with current market expectations as it plans to make deeper staff cuts. The company said it was applying deeper cuts, including reducing staff headcount and carry out a strategic review of its
Read moreRolls-Royce poaches Daily Mail CFO Daintith
22nd Sep 2016 07:05
(ShareCast News) - Engine maker Rolls-Royce has poached Stephen Daintith from the Daily Mail & General Trust (DMGT) to be its new chief financial officer. He will replace David Smith in the new year, who is leaving the FTSE 100-listed company after three years to pursue other business interests.
Read moreBroker tips: DMGT, Anglo American, Fidessa
1st Aug 2016 10:14
(ShareCast News) - Daily Mail General Trust's (DMGT) 'hold' rating was left unchanged and its target price was lowered to 700p from 732p by Canaccord Genuity on Monday. Canaccord said while the DMGT's third quarter trading update last week "struck a more upbeat tone" the broker remains cautious on t
Read moreCanaccord reiterates 'hold' on Daily Mail General Trust
1st Aug 2016 09:24
(ShareCast News) - Daily Mail General Trust's (DMGT) 'hold' rating was left unchanged and its target price was lowered to 700p from 732p by Canaccord Genuity on Monday. Canaccord said while the DMGT's third quarter trading update last week "struck a more upbeat tone" the broker remains cautious on t
Read moreDaily Mail print revenues down as it warns of Brexit uncertainty impact
21st Jul 2016 10:30
(ShareCast News) - Daily Mail and General Trust (DMGT) reported a decline in third quarter revenue from print advertising as it warned of Brexit uncertainty. The owner of Britain's second biggest selling daily newspaper, the Daily Mail, which lobbied hard for the UK to leave the European Union in th
Read moreThursday broker round-up
2nd Jun 2016 16:39
(ShareCast News) - Moneysupermarket.com: Jefferies downgrades to hold with a target price of 312p. Wolseley: Canaccord downgrades to hold with a 4200p target, UBS reiterates buy with a target price of 4300p and Credit Suisse stays at outperform with a 4200p target. Daily Mail: Goldman Sachs reitera
Read moreFriday newspaper share tips: Daily Mail and General Trust, Babcock International
27th May 2016 14:21
(ShareCast News) - Shares in Daily Mail and General Trust may turn out to be oddly cheap when the company's media revenue curve turns upwards, argues the Financial Times' Lex column. DMGT has a strategy for its old media element, which appeared to be working, observed the column, noting this was a m
Read moreDaily Mail H1 profit drops, warns on print advertising
26th May 2016 08:14
(ShareCast News) - Daily Mail & General Trust shares tumbled on Thursday as the company posted drop in first-half profit and warned that a weak print advertising market will hit margins in the media business. In the six months to the end of March, pre-tax profit fell 11% to £129m as print advertisin
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