Daily Mail, which recently which announced that pre-tax profits at the group fell by 9% to £65.2 million in the half-year ending 31 March 2002 (see DMGT Sees No Substantial Advertising Improvement In 2002), was the best performer in yesterday’s media sector. Shares improved 1.95% to close at £7.57˝, up 14˝p on the day before.
Emap also showed some positive movement yesterday with stock climbing 0.57% to finish at £8.75 following speculation that the group is preparing for four big new magazine launches over the next few months.
Things were less positive for SMG, which saw shares slip 4.09% yesterday to close at £1.54˝, in what was the worst media performance of the day.
The closing prices of media company shares yesterday were:
