The Annual Report 2018
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Annual Report & Accounts 2013
Annual Report & Accounts 2013 Annual Report & Accounts 2013 Annual Report & Accounts Euromoney Institutional Investor PLC Euromoney Institutional Investor PLC 22706.04 13 December 2013 6:27 PM Proof 4 Euromoney Institutional Investor PLC www.euromoneyplc.com Euromoney Institutional Investor PLC is listed on the London Stock Exchange and is a member of the FTSE 250 share index. It is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. The group publishes more than 70 titles in both print and online, including Euromoney, Institutional Investor and Metal Bulletin, and is a leading provider of electronic research and data under the BCA Research, Ned Davis Research and ISI Emerging Markets brands. It also runs an extensive portfolio of conferences, seminars and training courses for financial markets. The group’s main offices are in London, New York, Montreal and Hong Kong and more than a third of its revenues are derived from emerging markets. “We have continued, and will continue, to invest across the business to drive organic growth and through selective acquisitions. The five businesses acquired since the beginning of last year build on our existing strengths but also take us into exciting new sectors. First quarter trading in the new financial year is in line with the board’s expectations and sentiment in financial markets remains broadly positive. This encourages us to believe that we can continue to grow our revenues and gives us confidence that our -
Final Results Presentation Full Year Ended 30 September 2017
Final Results Presentation Full Year ended 30 September 2017 Thursday 30 November 2017 Agenda 1. Introduction Paul Zwillenberg, CEO 2. Financial Performance Tim Collier, CFO 3. Strategy Update Paul Zwillenberg, CEO 4. Q&A © 2017 DMGT 2 1 Introduction Paul Zwillenberg, CEO 3 Completion of the strategic review – good progress 1 2 3 Improving operational Increasing portfolio Enhancing financial execution focus flexibility © 2017 DMGT 4 Vision statement Confidential, for internal use only © 2017 DMGT 5 Full Year 2017 – Resilient underlying performance Group underlying revenues +1%; underlying operating profit –2% Consumer: encouraging dmg media performance B2B: mixed performance; some challenging market conditions and impairments Continued real dividend growth © 2017 DMGT 6 Real dividend growth continues 20 year CAGR: 7% 24 22.7p 22 20 18 16 14 12 10 8.5p 8 5.8p 6 4 2 0 1997 2017 Dividend Inflation FY 2017 Full Year dividend of 22.7 pence, up +3% © 2017 DMGT 7 2 Financial performance Tim Collier, CFO 8 Statutory results Pre adjustments £ million FY 2016 FY 2017 Change Revenue 1,514 1,564 +3% Operating profit 91 (129) (242%) Profit before tax 202 (112) (156%) Profit for the year 214 342 +60% Earnings per share 57.8 p 97.8 p +69% Revenue, operating profit and PBT exclude Euromoney (discontinued operations) Operating profit adversely affected by impairments of £273m Profit for the year and EPS include gain on disposals: Euromoney transaction © 2017 DMGT 9 Statutory profit to adjusted profit after tax 450 350 250 26 342 36 150 50 50 196 530 £ -
Future for Local and Regional Media
House of Commons Culture, Media and Sport Committee Future for local and regional media Fourth Report of Session 2009–10 Volume II Oral and written evidence Ordered by The House of Commons to be printed 24 March 2010 HC 43-II (Incorporating HC 699-i-iv of Session 2008-09) Published on 6 April 2010 by authority of the House of Commons London: The Stationery Office Limited £0.00 The Culture, Media and Sport Committee The Culture, Media and Sport Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Department for Culture, Media and Sport and its associated public bodies. Current membership Mr John Whittingdale MP (Conservative, Maldon and East Chelmsford) (Chair) Mr Peter Ainsworth MP (Conservative, East Surrey) Janet Anderson MP (Labour, Rossendale and Darwen) Mr Philip Davies MP (Conservative, Shipley) Paul Farrelly MP (Labour, Newcastle-under-Lyme) Mr Mike Hall MP (Labour, Weaver Vale) Alan Keen MP (Labour, Feltham and Heston) Rosemary McKenna MP (Labour, Cumbernauld, Kilsyth and Kirkintilloch East) Adam Price MP (Plaid Cymru, Carmarthen East and Dinefwr) Mr Adrian Sanders MP (Liberal Democrat, Torbay) Mr Tom Watson MP (Labour, West Bromwich East) The following members were also members of the committee during the inquiry: Mr Nigel Evans MP (Conservative, Ribble Valley) Helen Southworth MP (Labour, Warrington South) Powers The committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152. These are available on the Internet via www.parliament.uk. Publications The Reports and evidence of the Committee are published by The Stationery Office by Order of the House. -
Notice of General Meeting 2016
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take, you are recommended to seek your own personal financial advice immediately from your stockbroker, bank manager, solicitor, accountant, fund manager or other appropriate independent financial adviser who is authorised under the Financial Services and Markets Act 2000 if you are in the United Kingdom, or, if not, from another appropriately authorised independent financial adviser. If you have sold or otherwise transferred all your shares in Euromoney Institutional Investor PLC, please send this document, but not the accompanying Form of Proxy, as soon as possible to the purchaser or transferee, or to the stockbroker, bank or other agent through whom the sale or transfer was effected, for delivery to the purchaser or transferee. EUROMONEY INSTITUTIONAL INVESTOR PLC (incorporated and registered in England and Wales under number 00954730) Proposed buyback of Shares from Daily Mail and General Trust plc group – a related party transaction Notice of General Meeting This document should be read as a whole. Your attention is drawn to the letter from your Chairman which is set out on pages 1 to 7 of this document and which recommends you vote in favour of the resolutions to be proposed at the General Meeting referred to below. Notice of General Meeting of Euromoney Institutional Investor PLC to be held at 11.00am on Thursday 29 December 2016 at the offices of UBS, 5 Broadgate, London EC2M 2QS is set out at the end of this document. A Form of Proxy for use at this General Meeting is enclosed. -
Trinity Mirror…………….………………………………………………...………………………………
Annual Statement to the Independent Press Standards Organisation (IPSO)1 For the period 1 January to 31 December 2017 1Pursuant to Regulation 43 and Annex A of the IPSO Regulations (The Regulations: https://www.ipso.co.uk/media/1240/regulations.pdf) and Clause 3.3.7 of the Scheme Membership Agreement (SMA: https://www.ipso.co.uk/media/1292/ipso-scheme-membership-agreem ent-2016-for-website.pdf) Contents 1. Foreword… ……………………………………………………………………...…………………………... 2 2. Overview… …………………………………………………..…………………...………………………….. 2 3. Responsible Person ……………………………………………………...……………………………... 2 4. Trinity Mirror…………….………………………………………………...……………………………….. 3 4.1 Editorial Standards……………………………………………………………………………………….. 3 4.2 Complaints Handling Process …………………………………....……………………………….. 6 4.3 Training Process…………………………………………....……………...…………………………….. 9 4.4 Trinity Mirror’s Record On Compliance……………………...………………………….…….. 10 5. Schedule ………………………………………………………………………...…...………………………. 16 1 1. Foreword The reporting period covers 1 January to 31 December 2017 (“the Relevant Period”). 2. Overview Trinity Mirror PLC is one of the largest multimedia publishers in the UK. It was formed in 1999 by the merger of Trinity PLC and Mirror Group PLC. In November 2015, Trinity Mirror acquired Local World Ltd, thus becoming the largest regional newspaper publisher in the country. Local World was incorporated on 7 January 2013 following the merger between Northcliffe Media and Iliffe News and Media. From 1 January 2016, Local World was brought in to Trinity Mirror’s centralised system of handling complaints. Furthermore, Editorial and Training Policies are now shared. Many of the processes, policies and protocols did not change in the Relevant Period, therefore much of this report is a repeat of those matters set out in the 2014, 2015 and 2016 reports. 2.1 Publications & Editorial Content During the Relevant Period, Trinity Mirr or published 5 National Newspapers, 207 Regional Newspapers (with associated magazines, apps and supplements as applicable) and 75 Websites. -
The Future of Public Service Broadcasting DMG Media Response to the Digital, Culture, Media and Sport Select Committee's Call
Written evidence submitted by DMG Media The Future of Public Service Broadcasting DMG Media response to the Digital, Culture, Media and Sport Select Committee’s call for evidence 1. This response is made on behalf of DMG Media, the publishers of the Daily Mail, Mail on Sunday, MailOnline, Metro, Metro.co.uk, the ‘i’ and inews. It is being submitted because BBC online news competes for audience with our digital titles and we are concerned that funding changes could give the BBC an unfair advantage. 2. DMG Media is not a broadcaster, and public service broadcasters have by longstanding convention not published newspapers. Therefore, whilst over the decades our news titles and the BBC may have had political and cultural differences, they have not been commercial rivals. 3. However the coming of the digital age has changed that. The philosophical foundation of the BBC was that in return for public funding and access to scarce broadcast spectrum, it would develop then-new technology (radio and television) and use it to provide, in addition to education and entertainment, an impartial news service. The written word was not part of its remit. 4. The unlimited possibilities of the internet have destroyed the rationale of that arrangement. Satellite, cable, and now streaming have brought new competitors into the entertainment market, global players with vastly greater resources than the BBC. 5. The BBC is dependent for funding on the licence fee, over which successive governments have resolutely retained control, doubtless believing that a national broadcaster which has to regularly come to the government of the day with a begging bowl is more likely to be compliant. -
Our Businesses 237 KB
Strategic Report Operating Business Reviews B2B Summary Outlook Our B2B companies operate in five sectors, namely Insurance Risk, Our B2B companies are collectively expected Property Information, Education Technology (EdTech), Energy Information, to deliver low single-digit underlying revenue Events and Exhibitions. growth in FY 2018, although revenues will be adversely affected by the disposals that have taken place in the past year and the planned disposal of EDR. In the Insurance Risk sector, 2016 RMS will continue to expand the client 2017 Pro formaΩ Movement Underlying^ Total B2B £m £m % % base for the RMS(one) software platform and associated applications, laying the Revenue# 976 899 +9% +2% groundwork for revenue acceleration Operating profit* 152 160 (5)% (15)% in FY 2019 and beyond. In the Property Operating margin* 16% 18% Information sector, the European businesses # Revenue from continuing and discontinued operations. are expected to continue to experience * Adjusted operating profit and operating margin; see pages 29 to 31 for details. relatively subdued market conditions and ^ Underlying growth rates give a like-for-like comparison; see page 31 for details. Ω Pro forma FY 2016 figures have been restated to treat Euromoney as a c.67% owned subsidiary during the first three months the remaining US businesses to continue and as a c.49% owned associate during the nine months to September 2016, consistent with the ownership profile during to deliver growth. Following the disposal FY 2017. See reconciliation on page 28. of Hobsons’ Admissions and Solutions businesses, the remaining EdTech business is expected to benefit from increased focus Euromoney of Group corporate costs, were £152 million, and to continue to deliver growth. -
Facsimile Template
27 July 2017 Daily Mail and General Trust plc (‘DMGT’) Third Quarter Trading Update This trading update covers the third quarter of DMGT’s financial year, the three month period to 30 June 2017. Outlook in line with current market expectations~ • Underlying# revenue in the third quarter in line with last year; pro forma* reported revenues up 7%, including 5% benefit from foreign exchange rates • Underlying# revenue decline of 1% from our B2B businesses • dmg media underlying# revenues up 1%, including strong advertising growth • Net debt increased by £16 million to £567 million, in line with our expectations • Appointment of Tim Collier as Chief Financial Officer on 2 May 2017 • Outlook for the Full Year is unchanged Revenue Growth v Q3 (3 months to June 2017) Year to date (9 months to June 2017) Prior Year Pro Forma* Underlying# Pro Forma* Underlying# reported reported Group revenue +7% +0% +6% +0% B2B +13% -1% +11% +0% RMS +9% -4% +17% +0% dmg information +5% -2% +10% +0% dmg events +76% +3% +13% +3% Euromoney N/A N/A +6% N/A dmg media† +0% +1% -2% +1% * Pro forma reported growth rates are calculated after restating Full Year 2016 revenues, to treat Euromoney as a subsidiary during the first quarter and as an associate during the second and third quarters. Business to Business (B2B) • Underlying# revenue decline of 1% in the quarter and in line with last year for the nine months. • Pro forma* reported revenue growth of 13% in the quarter, including 9% benefit from foreign exchange rates, notably the stronger US dollar; 11% growth for the nine months. -
The Great Aviation Graveyard: New Aerial Images Show Hundreds of Planes Left to Die Across the American Deserts | Daily Mail Online
7/23/2015 The great aviation graveyard: New aerial images show hundreds of planes left to die across the American deserts | Daily Mail Online Feedback Like 2.8m Follow @MailOnline DailyMail Thursday, Jul 23rd 2015 8AM 68°F 11AM 78°F 5Day Forecast Home U.K. News Sports U.S. Showbiz Australia Femail Health Science Money Video Travel Columnists Latest Headlines Science Pictures Login YOU MIGHT LIKE Sponsored Links by Taboola A Rising Middle Class: Investment Opportunity? Read Our Report. Prudential The 5 Best Credit Cards with No Interest to Help You Get out of Debt Quicker NextAdvisor See What These Everyday Objects Look Like Cut In Half. Awesome PopFotos 12 Enormous Dogs Who Are Actually Just Big Babies Refinery29 Why Living Life Cooped Up In Your Comfort Zone Is Killing You Elite Daily 20 Photos That Will Make You Want Summer Right This Minute Elite Daily The great aviation graveyard: New aerial images show hundreds of planes left to die across the American deserts Aerial imagery taken from the U.S Navy, U.S Air Force and Google Maps show retired airplane 'boneyards' in Arizona, California and New Mexico The planes are stored in the dry conditions of the desert to stop them rusting in the hope that some may fly again whereas others are used for spare parts Large commercial planes including Boeing, McDonnell Douglas, Lockheed and Airbus aircraft are all pictured By VICTORIA WOOLLASTON PUBLISHED: 07:08 EST, 6 June 2013 | UPDATED: 15:58 EST, 6 June 2013 105 View comments Eerie photos have emerged of hundreds of retired aircraft parked in rows and set formations in aviation graveyards across America. -
The Journal of the Association for Journalism Education
Journalism Education ISSN: 2050-3903 Journalism Education The Journal of the Association for Journalism Education Volume Nine, No: One Spring 2020 Page 2 Journalism Education Volume 9 number 1 Journalism Education Journalism Education is the journal of the Association for Journalism Education a body representing educators in HE in the UK and Ireland. The aim of the journal is to promote and develop analysis and understanding of journalism education and of journalism, particu- larly when that is related to journalism education. Editors Sallyanne Duncan, University of Strathclyde Chris Frost, Liverpool John Moores University Deirdre O’Neill Huddersfield University Stuart Allan, Cardiff University Reviews editor: Tor Clark, de Montfort University You can contact the editors at [email protected] Editorial Board Chris Atton, Napier University Olga Guedes Bailey, Nottingham Trent University David Baines, Newcastle University Guy Berger, UNESCO Jane Chapman, University of Lincoln Martin Conboy, Sheffield University Ros Coward, Roehampton University Stephen Cushion, Cardiff University Susie Eisenhuth, University of Technology, Sydney Ivor Gaber, University of Sussex Roy Greenslade, City University Mark Hanna, Sheffield University Michael Higgins, Strathclyde University John Horgan, Ireland Sammye Johnson, Trinity University, San Antonio, USA Richard Keeble, University of Lincoln Mohammed el-Nawawy, Queens University of Charlotte An Duc Nguyen, Bournemouth University Sarah Niblock, CEO UKCP Bill Reynolds, Ryerson University, Canada Ian Richards, -
Daily Mail and General Trust Plc
Daily Mail and General Trust plc Thursday 28th January 2016, 08:00 GMT Q1 Trading Update Stephen Daintith, Finance Director Morning ladies and gentlemen and welcome to the conference call covering our first quarter trading update. I am Stephen Daintith, DMGT’s Finance Director, and I am joined by Adam Webster, Head of Management Information and Investor Relations. So today’s conference call is a chance to pull together the key dynamics behind our trading over the first quarter of our financial year, to the end of December 2015. As usual, there will be an opportunity at the end of the call for you to ask any questions. So, overall trading over the first three months of our financial year has been in line with our expectations. The revenue and profit outlook for the full year, provided as guidance at our Full Year Results in November, remains unchanged. Group revenues for the period were up by 1% on an underlying basis. Reported revenues were up 5%, mainly due to factors influencing our B2B businesses. Overall, our B2B companies generated 2% underlying revenue growth in the quarter. Our reported B2B revenues, which were up 9%, have benefited from the strengthening US dollar, acquisitions and timing of events over the period. More detail on B2B dynamics to follow. In summary for DMG media, underlying revenues were 2% lower in the first quarter, with declines in circulation and print advertising being partly offset by digital advertising growth. Portfolio management activity has continued in the new financial year, with bolt-on acquisitions, primarily for DMGI, totalling around £20m, and further refinements to the consumer media portfolio. -
DMG Media Submission on the Impact of Covid 19 on the Media and Journalism
Written evidence submitted by DMG Media DMG Media submission on the impact of Covid 19 on the media and journalism 1. DMG Media is the publisher of the Daily Mail, Mail on Sunday, MailOnline, Metro, Metro.co.uk, the i, and inews. 2. There can be no doubt that Covid 19 has had the most profound effect on the media business, not only in the short term, but in the medium and long term, where the timeframe within which the industry has to manage the transfer from print to digital will be dramatically shortened. Taking in turn the questions asked by the Committee: What has been the immediate impact of Covid-19 on the sector? 3. The most obvious impact - to our journalists but, we are glad to say, not to our readers - is that in the space of two weeks, from a standing start, we went over entirely to remote working. From March 24 onwards all our five newsrooms, normally home to around 1000 journalists, were completely empty. Everyone worked from home but, thanks to the energy and ingenuity of our IT department, the newspapers still rolled off the presses and our websites were still updated minute by minute as the Covid crisis unfolded. 4. The commercial impact has been equally dramatic. April 2020, the first full month of Covid, saw overall revenue drop by 33pc year-on-year, advertising 46pc and circulation 17pc. Print advertising revenue was hit much harder than digital – 69pc down against 16pc. The position is now improving, but slowly: in June DMG Media is forecast to make a small profit.