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  3. Reach Plc Share Price
  4. Reach Plc Share News
  5. Reach beats profit forecasts after Express and Star acquisition

Pin to quick picksReach Plc Share News (RCH)

Reach Plc Information

Share Price Information for Reach Plc (RCH)

London Stock Exchange
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Share Price: 87.60
Bid: 87.50
Ask: 88.20
Change: 2.20 (2.58%)
Spread: 0.70 (0.80%)
Open: 87.90
High: 87.90
Low: 86.60
Prev. Close: 85.40
RCH Live PriceLast checked at -

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Reach beats profit forecasts after Express and Star acquisition

Mon, 25th Feb 2019 12:25

(Sharecast News) - Daily Mirror owner Reach climbed on Monday after its profits beat forecasts following its acquisition of the Daily Express and the Daily Star titles.For the year ended 30 December the newspaper, magazine and digital publisher reported profit before tax of £141.9m, up 15.8% compared to the year before, after revenue increased by 16.2% to £723.9m.The £126.7m acquisition of Northern & Shell's publishing assets, namely the Daily Express and Daily Star titles, contributed revenue of £159.5m, helping to offset "a significant increase in the price of newsprint".This meant that on a like-for-like basis revenue fell by 6.6% with publishing revenue dropping by 6.9%, with publishing print revenue falling by 8.7% and digital revenue up by 5.3%.However, the publisher reported that it delivered structural cost savings of £20m, £5m ahead of its original target of £15m, as synergy cost savings of £3m were delivered from the integration of Express & Star.In the current year, the company said it expects further structural cost savings of £10m as well as incremental synergy cost savings of £12m from integrating Express & Star, keeping the company on track to deliver at least £20m of annualised synergy cost savings by 2020.The London-listed company had cash and cash equivalents of £19.2m at the end of the period, up from £16.0m at the same point the year before, and proposed a final dividend of 3.77p per share, bringing the total dividend for the year up 5.9% from the previous year to 6.14p per share.Simon Fox, chief executive of Reach, said: "I am pleased with the performance we have delivered in 2018 and encouraged by the stronger finish to the year. We have begun 2019 in a strong financial position with good momentum on the integration of Express & Star and with clear plans for digital growth."Reach's shares were up 5.39% at 60.60p at 1226 GMT.
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28 Feb 2023 15:45

UK earnings, trading statements calendar - next 7 days

Wednesday 1 March 
Aston Martin Lagonda Global Holdings PLCFull Year Results
Capital & Counties Properties PLCFull Year Results
GetBusy PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Global Invacom Group LtdFull Year Results
Haydale Graphene Industries PLCHalf Year Results
International Personal Finance PLCFull Year Results
Just Eat Takeaway.com NVFull Year Results
Nichols PLCFull Year Results
Permanent TSB Group Holdings PLCFull Year Results
Persimmon PLCFull Year Results
Rathbones Group PLCFull Year Results
Reckitt Benckiser Group PLCFull Year Results
Ricardo PLCHalf Year Results
Weir Group PLCFull Year Results
Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
Pantheon Infrastructure PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
Friday 3 March 
Avation PLCHalf Year Results
Faron Pharmaceuticals LtdFull Year Results
IMI PLCFull Year Results
Pacific Horizon Investment Trust PLCHalf Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 6 March 
Amte Power PLCHalf Year Results
BATM Advanced Communications LtdFull Year Results
Craneware PLCHalf Year Results
Murray International Trust PLCFull Year Results (TBC)
Seeing Machines LtdHalf Year Results
Tuesday 7 March 
Ashtead Group PLCQ3 Results
Bank of Ireland Group PLCFull Year Results
Dotdigital Group PLCHalf Year Results
Elementis PLCFull Year Results
Ferguson PLC Half Year Results
Foxtons Group PLCFull Year Results
Fresnillo PLCFull Year Results
Greggs PLCFull Year Results
IWG PLCFull Year Results
Johnson Service Group PLCFull Year Results
Just Group PLCFull Year Results
Keller Group PLCFull Year Results
Origin Enterprises PLCHalf Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
STV Group PLCFull Year Results
Tremor International LtdFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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11 Jan 2023 16:58

LONDON MARKET CLOSE: Stocks buoyant ahead of US inflation print

(Alliance News) - Stocks in London ended on an upbeat note on Wednesday as markets looked ahead to key inflation data out of the US on Thursday.

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11 Jan 2023 12:13

LONDON MARKET MIDDAY: Europe buoyant amid hope US inflation has peaked

(Alliance News) - The FTSE 100 in London hit another multi-year high on Wednesday, as investors grew increasingly confident on the day before of a key US inflation reading.

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11 Jan 2023 11:16

SMALL-CAP WINNERS & LOSERS: Reach ad sales hit; Lookers gets EV charge

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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11 Jan 2023 11:06

TOP NEWS: Mirror publisher Reach to axe 200 jobs as it slashes costs

(Alliance News) - Daily Mirror and Express publisher Reach PLC is to axe 200 jobs as part of major cost-cutting following a slump in advertising revenue.

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11 Jan 2023 09:59

TOP NEWS: Reach shares plunge as fourth quarter revenue drops

(Alliance News) - Reach PLC on Wednesday said it will move to cut costs as the newspaper publisher continues to grapple with tumbling advertising revenue.

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11 Jan 2023 09:06

LONDON MARKET OPEN: Blue-chips creep higher; Direct Line drops 28%

(Alliance News) - Trainer sellers were the star performers in early trade in London on strong numbers from JD Sports, though grocers, housebuilders and insurers struggled following poorly received updates from J Sainsbury, Barratt and Direct Line.

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11 Jan 2023 07:38

Shares plunge as Reach warns on profits

(Sharecast News) - Shares in Reach plunged in early trading on Wednesday, after the newspaper publisher warned on profits and pledged to cut costs by "at least" £30m.

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23 Nov 2022 13:13

National World says it won't make offer for Reach

(Sharecast News) - National World said on Wednesday that it has no intention of making a firm offer for larger rival Reach.

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23 Nov 2022 12:11

TOP NEWS: National World ditches Reach offer after press speculation

(Alliance News) - National World PLC on Wednesday said that it has no intention to make a firm offer for Reach PLC, following recent press speculation about a potential transaction.

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8 Nov 2022 10:56

SMALL-CAP WINNERS & LOSERS: Superdry rises on Primark read-across

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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7 Nov 2022 10:48

SMALL-CAP WINNERS & LOSERS: Reach extends gains; DWF makes acquisition

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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4 Nov 2022 17:01

LONDON MARKET CLOSE: Miners, HSBC and Prudential jump on China hopes

(Alliance News) - Stock prices in Europe bounced back on Friday, putting Federal Reserve hawkishness to one side for now, as hopes of a reversal of zero-Covid policies in China lifted the mood.

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4 Nov 2022 10:46

SMALL-CAP WINNERS & LOSERS: DFS trades well; Reach up on takeover bid

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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4 Nov 2022 07:49

LONDON BRIEFING: Stocks called higher; US job growth expected to slow

(Alliance News) - Stock prices in London were called higher on Friday in the wake of US Federal Reserve and Bank of England rate hikes, as markets now await a key US jobs report, expected to show a softening in the labour market.

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