The Daily Mail & General Trust has pushed the FTSE 100 index down to suffer its first drop in seven sessions.
The London benchmark index retreated eight points to 4,910.3 points at its close a short while ago, with DM&G losing 14.5p to 668.5p, after commercial radio broadcaster, GCap Media confirmed its top 10 advertisers cut spending last month. Daily Mail has a 15% ownership of GCap Media, a company formed today following Capital Radio purchase of GWR Group. As a result, Emap, owner of Magic and London's Kiss 100 FM, also suffered from the news, shedding 13p to 775p. The Bank of England retained the benchmark interest rate at 4.75% for a ninth month. However, retail and business services ...
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