Daily Mail owner looks to more deals

Josh Hall's picture

The owner of the Daily Mail indicated yesterday that it is planning to pursue more acquisitions.

The news follows the Daily Mail and General Trust's £50 million purchase of the i newspaper last week.

The company said it would continue its spending spree, using some of its nearly £250 million cash to buy up other businesses.

This rash of acquisitions follows a period of contraction for the group as it jettisoned some of its holdings, including property website Zoopla.

The Trust predicts revenues of £1.3 billion during the financial year.