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Tag: owner

Daily Mail owner DMGT's shares plunge

Daily Mail owner DMGT's shares plunge

Business
Shares in Daily Mail publisher DMGT have fallen by 25% to hit a near five-year low.It came after full-year profit dropped 13% to £226m, and broker Liberum downgraded DMGT from "buy" to "hold" over consumer media concerns.DMGT said it may be "adversely affected by recent disposals and challenging conditions" in some sectors next year.They also warned that advertising market conditions were "likely to remain volatile".Its financial results revealed it was also hit by a £206m impairment charge against its Genscape, Xceligent and SiteCompli businesses.Chief executive Paul Zwillenberg said DMGT had delivered a "resilient underlying performance during the year".He said that website MailOnline had continued to grow its revenue strongly, "moving into operating profit during the final quarter".DMGT
Dallas players & owner kneel before anthem to join NFL protest

Dallas players & owner kneel before anthem to join NFL protest

Sports
The Dallas Cowboys players, staff and owner Jerry Jones took a knee before the US national anthem at Monday's game against the Arizona Cardinals in a protest against President Donald Trump.Boos were heard in the stadium before both teams stood and linked arms on their own sidelines for the anthem. Trump said on Friday that NFL players who fail to stand during the national anthem should be sacked or suspended.Jones was one of seven NFL owners to donate to Trump's inauguration. NFL row 'nothing to do with race' says TrumpThe fans react: #TakeAKnee versus #BoycottNFL Media playback is not supported on this device In widespread protests at the weekend, players responded by kneeling, linking arms or staying in the locker room.Basketball star L...
Ex-Gartmore owner H&F invited into OMGI sale

Ex-Gartmore owner H&F invited into OMGI sale

Business
A former investor in Gartmore, the asset manager, has been approached about backing a buyout of Old Mutual's £25bn fund management arm.Sky News has learnt that Hellman & Friedman, a US-based private equity firm, is among a number of parties being sounded out by Old Mutual as it tries to drum up a bumper auction of the business.A potential deal would see Richard Buxton, the star fund manager who runs Old Mutual Global Investors (OMGI), leading a buyout of the division's single-strategy operations.Any such transaction could value the unit at somewhere in the region of £550m, bankers said on Monday.If completed, it would rank among the most significant takeovers in the UK asset management industry, which is grappling with increasingly onerous regulation.Sky News revealed earlier this mont
Judge to rule on submarine owner detained over disappearance

Judge to rule on submarine owner detained over disappearance

Technology
A judge will decide Saturday if the owner of an amateur-built submarine should be held in custody during an investigation into whether he is responsible for the disappearance of a Swedish woman who had been onboard his submarine that sank off Denmark's east coast. Peter Madsen was arrested Friday on preliminary manslaughter charges after his 40-ton, nearly 18-meter-long (60-foot-long) UC3 Nautilus sank. He has denied responsibility for the fate of 30-year-old Kim Wall, saying she had disembarked earlier. The woman's boyfriend alerted authorities that the sub had not returned, prompting a major search involving two helicopters, three ships and several private boats. The Navy said that the sub had been spotted sailing but then sank shortly afterward. Kristian Isbak, who had responded to the...
The Week and Viz owner plants idea of asset sales

The Week and Viz owner plants idea of asset sales

Business
The Week and other well-known British magazine titles could change hands as part of a review ‎of the publishing empire built by Felix Dennis, the late media tycoon and poet.Sky News has learnt that the trustees of The Heart of England Forest Charity and the executors of Mr Dennis's estate have been in discussions with financial advisers about the prospective review.Sources said this weekend that Allen & Co, a US-based advisory firm, was in the frame to oversee the project, indicating that American media owners could be approached about their interest in Dennis's assets.The Heart of England Forest Charity ‎was established by Mr Dennis after he began planting trees during the 1990s.Its trustees are chaired by Jon Snow, the Channel 4 News presenter.Dennis Publishing itself is not for sale