Shares in Reach, which owns national and regional papers, rose to a level not seen since 2008The owner of the Express and Mirror newspapers said annual profits would beat forecasts thanks to a rise in digital advertising. Reach said that last year’s operating earnings would be between £130 million and £135 million, about £10 million higher than expected. SponsoredShares in the publisher rose 17.3 per cent, or 30½p, to 206p yesterday, a level not seen since 2008. Digital revenues rose by 25 per cent between October and December, compared with a 13 per cent rise over the previous three months. Print sales fell 12 per cent in the final three months of the year,

Source: The Times January 09, 2021 00:01 UTC