Reach Plc Share News (RCH)

UK shareholder meetings calendar - next 7 days

IN BRIEF: Reach plans to cut 450 jobs in cost reduction programme

Reach PLC - London-based newspaper publisher - Launches further cost-cutting measures for a 5% to 6% reduction in operating costs for 2024, as part of its ongoing planning process. Says that the programme will "strengthen" its position as a digital publisher and "mitigate against the backdrop of continuing inflationary pressures that we expect to impact 2024". The programme includes a workforce reduction by 450 roles. Reach explains that these savings "will allow the business to deliver on its long term plans, while continuing to invest to drive better customer value, develop online products and grow new audiences."

LONDON BRIEFING: M&S profit surges; JD Wetherspoon upping investment

(Alliance News) - London's FTSE 100 is called to open lower on Wednesday, with equities on the back foot after more hawkish comments from a US central banker.

LONDON BROKER RATINGS: JPMorgan raises Croda; Berenberg cuts Atalaya

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Reach reports decline in revenue as laments Facebook policy change

(Alliance News) - Reach PLC on Tuesday said that in its third quarter to September 24, revenue fell amid a sharp decline in digital revenue, citing Meta Platform Inc's Facebook de-prioritising news.

Reach digital revenues fall in Q3

(Sharecast News) - Publisher Reach said on Tuesday that digital revenues had taken a dive in the third quarter, principally due to "depressed open market yields" and declining digital referral volumes.

UK earnings, trading statements calendar - next 7 days

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

LONDON BROKER RATINGS: HSBC cuts Glencore; Berenberg likes Tyman

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

LONDON MARKET MIDDAY: Miners lift FTSE 100 as Fed meeting kicks off

(Alliance News) - Stock prices in London were largely higher at midday on Tuesday, with stimulus talks in China helping lift the mood, as attention turns to the US Federal Reserve which begins its two-day monetary policy meeting later.

Reach shares rally as cost savings to deliver expected annual profit

(Alliance News) - Reach PLC on Tuesday said it expects 2023 profit to be in line with market consensus, despite a decline in revenue in the first half of the year, as it said cost savings will be felt in the second half.

SMALL-CAP WINNERS & LOSERS: Reach rises despite interim profit fall

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

LONDON MARKET OPEN: Stocks nearly flat; miners lifted by China hope

(Alliance News) - The FTSE 100 edged higher on Tuesday morning, lifted into the green as Chinese indices were propelled by hopes of more economic policy support.

UK news publisher Reach hit by Facebook's changes

LONDON, July 25 (Reuters) - Britain's Reach, the publisher of the Daily Mirror and Daily Express, reported a 24% drop in first-half adjusted operating profit after it was hit by Facebook's move away from news content and a tough market for print advertising.