CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

British media firm DMGT rises after offer upped for business

By David Burrows

09:56, 2 December 2021

Northcliffe House, DMGT head office
DMGT head office in Northcliffe House – Photo: Alamy

The stock price of British media company Daily Mail and General Trust (DMGT) rose this morning after it announced that Rothermere Continuation (RCL) made an increased cash offer for the business.

This is the latest effort by Lord Rothermere, chairman of DMGT, to take the company into private ownership. RCL currently owns 58,207,016 DMGT A Shares representing 27.6% of the issued DMGT A Shares and 19,890,364 DMGT ordinary shares.

By late morning, the stock had risen 1.49% to 1,090p.

Rothermere ups offer

Under the terms of the new offer, DMGT shareholders will be entitled to receive 270p in cash for each DMGT A Share. The price represents a 5.9% increase from the original offer made in early November.

The special dividend and the 2021 proposed final dividend remain unchanged by this announcement.


16,419.60 Price
+1.100% 1D Chg, %
Long position overnight fee -0.0220%
Short position overnight fee -0.0002%
Overnight fee time 22:00 (UTC)
Spread 1.5


4,592.00 Price
+0.540% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.7


36,178.30 Price
+0.620% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 2.2


15,974.90 Price
+0.260% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8

Shareholders have until 16 December 2021, to accept the final offer. If it is not accepted, the offer will lapse and the firm’s shareholders will not receive any cash and there will be no special dividend.

What is your sentiment on UK100?

Vote to see Traders sentiment!

Diversified business

DMGT has several subsidiaries which take it far away from the newspaper industry it has long been (and continues to be) associated with.

DMG Events is an organiser of B2B exhibitions, while DMG Ventures provides early-stage investment to accelerate the growth of new businesses. The two most notable holdings in the DMG ventures portfolio are Cazoo and Yopa.

In September 2021, DMGT sold RMS, its insurance risk business, to Moody’s Corporation for a premium valuation of approximately £1.42bn.

Read more: Infosys to develop Bloomberg Digital Economy Index

Markets in this article

369.99 USD
4.45 +1.220%
369.99 USD
4.45 +1.220%

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading