Reach (RCH)

Sector:

Media

Index:

FTSE Small Cap

74.00p
   
  • Change Today:
    -0.40p
  • 52 Week High: 107.60
  • 52 Week Low: 66.80
  • Currency: UK Pounds
  • Shares Issued: 318.34m
  • Volume: 418,808
  • Market Cap: £235.57m
  • Beta: 0.01

Facebook news changes 'hit Reach sales'

By Frank Prenesti

Date: Wednesday 03 May 2023

LONDON (ShareCast) - (Sharecast News) - Daily Mirror publisher Reach said revenues fell 6% in the four months to April 23 with the company citing changes in the way social media platform Facebook presented news content.
The company, which also produces the hard-right Daily Express, said digital revenue decreased by 14.5% and with print revenue slipped 3%.

"While macroeconomic conditions mean the overall market for digital advertising is challenging, data-driven revenue continues to outperform. Reduced demand continues to be reflected in lower sector yields, particularly in the open market. The page view slowdown, referred to in March, has continued, with recent changes to the way Facebook presents news content, causing a reduction in referred traffic across the sector," Reach said.

It added that circulation revenue benefited from cover price increases last year and held annual profit guidance.

Reach also said it planned to launch US domain websites for The Express and Mirror over the next few months.

Reporting by Frank Prenesti for Sharecast.com

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Reach Market Data

Currency UK Pounds
Share Price 74.00p
Change Today -0.40p
% Change -0.54 %
52 Week High 107.60
52 Week Low 66.80
Volume 418,808
Shares Issued 318.34m
Market Cap £235.57m
Beta 0.01

Reach Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.58% above the market average98.58% above the market average98.58% above the market average98.58% above the market average98.58% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
20.68% below the market average20.68% below the market average20.68% below the market average20.68% below the market average20.68% below the market average
34.88% above the sector average34.88% above the sector average34.88% above the sector average34.88% above the sector average34.88% above the sector average
Income
100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
41.54% below the market average41.54% below the market average41.54% below the market average41.54% below the market average41.54% below the market average
57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reach Dividends

  Latest Previous
  Final Interim
Ex-Div 01-May-25 15-Aug-24
Paid 30-May-25 20-Sep-24
Amount 4.46p 2.88p

Trades for 29-May-2025

Time Volume / Share Price
16:35 23,277 @ 74.00p
16:35 1 @ 74.00p
16:35 4,095 @ 74.00p
16:35 457 @ 74.00p
16:35 2,087 @ 74.00p

Reach Key Personnel

Chair Nick Prettejohn
CFO Darren Fisher

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