Posts Tagged "City news"

Press release: Haymarket, the international media group, has filed annual accounts showing a 26 per cent rise in operating profits to £4.3m.

According to Seeking Alpha Informa is currently undervalued compared to its closest peer group by about 30% and may re-rate in the next few months. The company has made a significant business overhaul in the past few years and is now very well positioned to grow sustainably going forward. Despite this profile, its valuation seems to be […]

WPP is used to being the darling of the City. Although Sir Martin Sorrell’s ridiculously high pay packet prompts an annual shareholder revolt that typically goes nowhere, the holding company is about as reliable a performer you could ever hope for in adland.

The parent company of the Guardian and Observer cut its losses by more than a third to £45m in the last financial year and more than quadrupled its number of paying members, as it seeks to break even within two years. Guardian Media Group said total revenues increased by 2.4% to £214.5m in the year to 2 April, thanks to the popularity of its membership scheme, one-off contributions and growth in international operations

When Time Inc. declared it was putting the brakes on a potential sale, the announcement served — among other things — as a reminder that the public equity markets have not been kind to magazine media. Time Inc. spun out from Time Warner in 2014, emerging as a standalone company with some of the most storied magazine brands in history, but also $1.3 billion in debt and a lengthening record of declining revenue. Last year was no exception, with revenue falling to just under $3.1 billion. In 2010, by contrast, the company’s revenue was $3.7 billion. Time Inc.’s stock peaked at $25.62 just a month or so after the spinoff, and after a rally in early 2015, it’s never gotten close to that point again. It was trading at under $15 early this week.

The Economist is following the trend of Trump-era subscription success, with a growth of 19 percent in North American digital subscriptions since the election. This puts the London-based magazine in the ranks of Vanity Fair, The New York Times, and The Atlantic, which have all seen subscriptions surge since November

Trinity Mirror has reported a fall of nearly 20% in print ad revenues as it confirmed it is to close the New Day after just two months

The Daily Telegraph is a rare beast: a British newspaper that makes healthy profits. All around it, the news industry is being upended by plunging revenues from print advertising and the migration of digital advertising to Facebook and Google. But in 2015, the Telegraph Media Group made a £48m pre-tax profit on a turnover of £320m, a slight improvement on the £46m it made in 2014. It is still Britain’s biggest-selling quality daily paper, though its print circulation has fallen from its peak of more than 1m papers a day in the early 2000s to 457,331 in February, according to the Audit Bureau of Circulation.

Press Release: Future plc (LSE: FUTR, “the Group”), the international media group and leading digital business, provides a trading update for the six months to 31 March 2017. Overall trading for the year to date has been positive. The Group’s Media division is performing strongly with the fast growing revenue streams of e-commerce and events up around 70% and 15% year on year respectively. As a result the Board’s expectation for the Group’s results for both the first six months and the financial year as a whole remain uncharged

According to Liberium Informa (INF) could be hit by some of the same problems facing US educational publishers such as Pearson. Analyst Ian Whittaker reiterated his ‘hold’ recommendation and target price of 715p on the stock, which added 6.75p to close 1% up at 680p on Monday following full-year results.

Pearson’s shares tumbled more than 25 per cent this morning, after the education company withdrew its profit goal for 2018. It has also announced plans to sell its stake in publisher Penguin House, after an “unprecedented period of change and volatility”. A textbook perfect storm

According to the Daily Telegraph UDG Healthcare could make as many as four acquisitions in the US next year, its chief executive has said.

The Guardian made a loss of more than £180m last year as digital growth went into reverse and the a tough print market took a further turn for the worse

Facebook’s ad revenue surged 63% year-on-year to $6.24bn last quarter, as chief executive Mark Zuckerberg hailed the social media giant’s progress in video

Newly listed magazine company Time Out expects to report revenue growth of 16 per cent for the first half of 2016 – a period in which many other publishers have experienced heavy declines

Guardian Media Group will this week reveal a higher than expected full-year operating loss of £69m as the owner of The Guardian newspaper battles to bring its finances under control. GMG’s total pre-tax loss will hit £173m as the group belatedly writes down about £80m in the value of its stake in Ascential, the publicly quoted magazine and events company, and takes a £20m restructuring charge over severance payments

Slowing of print advertising decline – with significant improvement since Brexit vote – prompts hopes that downturn is ending

Strategy of pushing readers to premium packages of print and digital content pays off for magazine, which this year severed links with Pearson

Broadcaster saw share price fall by more than 20% on Friday, raising speculation it will become target for takeover bid

Pearson is targeting the global market for online university degree courses as it seeks to reassure investors about the slowdown in other areas of its education businesses