Ad market warning from Mail group

Daily Mail and General Trust has warned of “uncertain” advertising markets since March.

The
group reported adjusted profit before tax for the six months to April
up seven per cent to £114.5m on turnover up one per cent to £1,062
boosted by a “good trading performance”from its B2B division and Euromoney Institutional Investor.

But the company has warned that “recent assessments of consumer confidence are not encouraging”.

The
newspaper division reported operating profit down £1.7m on the same
period last year to £48.5m on turnover up one per cent to £458m.

Operating profit at Northcliffe Newspapers was up £0.1m to £46.7m on turnover unchanged at £257m.

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