Daily Mail shares fall 11 per cent after poor advertising sales

DMGTDaily Mail and General Trust shares fell 11 per cent to a four-month low, after it became the latest newspaper publisher to be hit by falling UK advertising.

Advertising at its titles — including the Daily Mail, MailOnline and Metro — fell 6 per cent year-on-year in the three months to June. Stephen Daintith, finance director, said that telecoms companies and supermarkets had significantly reduced their spending.

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