Sharewatch: DMGT Boosted Following Positive Results
Daily Mail & General Trust was seen in focus yesterday, with shares rising 0.17% after beating expectations with a 19% rise in interim profits. However, the group, which publishes the national Daily Mail and Evening Standard in London, dampened hopes of an advertising recovery (see Advertising Revenue Remains Virtually Flat At DMGT).
Maiden was also in the spotlight, rising 1.06% after announcing that sales rose by 24% in the first quarter of the year, as predicted in its full-year financials in March (see Maiden Revenues Jump 24% In The First Quarter Of 2003).
At the other end of the scale troubled advertising group, Cordiant Communications, saw shares slip by 20% following news that it is considering offers at considerable below its share price.
A good day for banks helped to push the London stock market to a near six-moth high yesterday, with the FTSE 100 closing 0.3% stronger at 4,083.6.
The closing prices of media company shares on Thursday were:
