Reach Plc Share News (RCH)
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Tue, 25th Jun 2019 16:47
(Alliance News) - Reach PLC said Tuesday FTSE 100-listed insurance firm Prudential PLC had doubled its stake in the publishing firm to 10% in a transaction on Monday.
Prudential held 30.3 million shares in Reach following the transaction, equivalent to a 10% stake in the 299.3 million Reach shares outstanding. Prior to the deal, Prudential held a 5.0% stake in the firm.
Shares in Reach closed flat 75.00 pence in London on Tuesday.
(Sharecast News) - Liberum initiated coverage of newspaper and magazine publisher Reach on Tuesday with a 'buy' rating and 475p price target as it said the shares have done well in recent months, but are at the start of the next growth phase.
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Read more(Sharecast News) - Publishing firm Reach said on Tuesday that both revenues and operating profits had improved in the six months ended 27 June.
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Read more(Sharecast News) - Reach has strengthened its full-year guidance following a "positive" start to the year.
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