UK's Reach climbs on H1 revenue beat, new growth priorities

Reach

24/07/2025 09:03

** Shares of Daily Mirror publisher Reach PLC RCH.L rise 5.8% to 79.8 pence, the most since March and making it the top gainer on FTSE small-cap index .FTSC

** Posts H1 revenue of 256 million pounds ($347.2 million), above expectations of 254 million pounds, according to Panmure Liberum estimates

** Co says it is confident about delivering on market expectations for FY adj. operating profit of 99 million pounds, according to company-compiled consensus

** Announces growth priorities: greater focus on video and audio content, accelerating use of AI, and diversifying revenues through digital subscriptions

** YTD, RCH down 4.4%

($1 = 0.7374 pounds)

 (Reporting by Unnamalai L in Bengaluru)

 ((Unnamalai.L@thomsonreuters.com;))