Daily Mail shares rise despite results

By The Newsroom
Published 27th Sep 2011, 22:33 BST
MEDIA group Daily Mail & General Trust’s shares rose 6 per cent to 368p yesterday despite warning that full‑year earnings will be at the lower end of expectations. The company, owner of the Daily Mail, said underlying revenue at its consumer media business fell 3 per cent in the 11 months to end‑August due to weaker ad revenues and higher print costs.

DMGT chief financial officer Stephen Daintith said operating profits would be down by a mid‑single digit on last year. The company’s business unit, providing information on property and financial markets, saw revenues rise 9 per cent.