Daily Mail and General Trust was in focus this morning, after warning of a fall in advertising revenues at its regional newspapers.
The shares are off almost 9% today, down 42p tp 442p.
Alex DeGroote at Panmure Gordon said:
The statement strikes a cautious note. Easter/Royal Wedding has not been a catalyst for improved advertising performance at Associated. In April/May (period to date), advertising is -5% YOY. This is likely to be the main, negative 'take-away'.
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