DMGT mulls stake sale

THE Daily Mail’s owner said it was weighing up what to do with its stake in financial publisher Euromoney.

Daily Mail and General Trust is ‘considering strategic options in respect of its holding in Euromoney and confirms that it is reviewing options for its holding’.

It added: ‘DMGT confirms that it has not received any proposal nor is it in discussions with any party to acquire its holding in Euromoney.’

DMGT is Euromoney’s largest shareholder and has a 49pc stake. FTSE 250listed Euromoney was founded in 1969 by Sir Patrick Sergeant, then City editor of the Daily Mail.

DMGT’s shares rose 1.8pc, or 11p, to 627.5p. Euromoney, however, fell 1.2pc, or 16p, to 1284p.