|Bid||1,344.00 x 46800|
|Ask||1,348.00 x 1300|
|Day's Range||1,296.00 - 1,356.00|
|52 Week Range||1,118.00 - 1,462.00|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||11.41|
|Forward Dividend & Yield||0.33 (2.65%)|
|1y Target Est||N/A|
Daily Mail & General Trust shares were down on Monday following the company's capital reduction move as part of the British newspaper's plan to distribute its 49-percent stake in Euromoney Institutional Investor to its shareholders. As part of its plan, it will return all its shares in Euromoney along with 200 million pounds to DMGT shareholders. The move reduced the number of A shares in DMGT from Monday and effectively reduced its share price by around 46 percent.
Daily Mail and General Trust (DMGT) holds more than 49 percent of Euromoney, a business-to-business information provider, and is its largest shareholder and founding investor. DMGT said 95.02 votes cast at a meeting were in favour of the resolution, which will result in almost 900 million pounds of assets being returned to shareholders.
By Foo Yun Chee and Klaus Lauer BERLIN (Reuters) - European Union regulators are unlikely to rule by the end of March on whether a UK tax scheme for multinationals breaches EU rules on state aid, Europe's ...
The owner of the Daily Mail newspaper said the decision followed a review of its capital and cash resources. Daily Mail said last week that it was considering strategic options in respect of its 49% stake in Euromoney Institutions. Its stake is valued at GBP696 million, while the rest of the money being returned is excess cash.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Daily Mail and General Trust is offloading ...
The owner of Britain's Daily Mail newspaper plans to return all of its shares in Euromoney Institutional Investor and 200 million pounds cash to eligible shareholders, it said on Sunday. Daily Mail and General Trust holds more than 49 percent of Euromoney, which provides business-to-business information, and is its largest shareholder and founding investor. "In total, the distributions will result in almost 900 million pounds of assets being returned to shareholders, who will benefit from direct ownership of Euromoney while retaining exposure to a simplified DMGT Group," DMGT Chief Executive Paul Zwillenberg said in a statement.
Daily Mail and General Trust Plc holds more than 49 percent of Euromoney, which provides business-to-business information, and is its largest shareholder and founding investor. Daily Mail said that it has not received any proposal regarding its Euromoney holding, adding that the company was reviewing options for its holding is "consistent with its strategy of increasing portfolio focus". "Our view is that a more likely scenario is the stake is sold into the market to increase Euromoney's liquidity rather than sold to a third party," Liberum analysts said in a note.
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said Thursday that the company has closed a previously announced sale of its institutional-business units TheDeal and BoardEx to Euromoney Institutional Investor PLC for $87.3 million. "Completing the sale of our institutional business is a meaningful milestone for TheStreet, and we wish our colleagues continued success with Euromoney. Lundberg had previously served as the company's chief financial officer, a title he'll retain while replacing outgoing CEO David Callaway and joining TheStreet's board.
(Reuters) - British business-to-business information provider Euromoney Institutional Investor Plc said on Thursday it had named Leslie Van de Walle as non-executive chairman effective March 1. Euromoney ...
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Euromoney Institutional Investor PLC on Thursday, Dec. 6, said it agreed to buy the institutional units of TheStreet Inc. The London-listed company will pay $87.3 million in cash for the unit that comprises The Deal, which was founded in 1999 by the late Bruce Wasserstein, and relationship mapping service BoardEx. The deal will be funded from existing facilities.
Financial news provider TheStreet Inc on Thursday said it will sell its B2B business units, The Deal and BoardEx, to London-based Euromoney Institutional Investor Plc for $87.3 million, as it explores wider options for the company. TheStreet was co-founded in 1996 by Jim Cramer, a commentator on CNBC and the host of its Mad Money show. Chief Executive Officer David Callaway will resign from the company after the completion of the transaction, it said in a statement.
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The warning took the shine off the Mining Indaba deal, which analysts said was a positive move. Peel Hunt analysts cut their 2019 profit expectations by about 7 percent, citing a combination of currency woes, exhibition closures and timing changes, as well as money spent on buying Mining Indaba. ITE, which was founded in 1991 and runs over 240 exhibitions and conferences in countries including Russia, India and China, also forecast a 10 percent rise in annual like-for-like revenue for this year, helped by its focus on core markets.
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A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. In the past 10 years Euromoney Institutional Investor PLC (LON:ERM)Read More...