Shares in Daily Mirror owner Reach rise as it says it will beat profit forecasts
by Mark Sweney from World news | The Guardian on (#6TPDR)
Publisher was helped by strong digital advertising performance towards end of year, say analysts
Shares in the owner of the Daily Mirror rose more than a quarter after the publisher said it expects to beat annual profit expectations, after a strong end to the year and the benefit of deep cost cutting in recent years.
Reach, which owns national papers including the Mirror and Express and scores of local titles including the Manchester Evening News and Liverpool Echo, said the profit upgrade was due to a strong final quarter last year.
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