Mail owners cautious despite 10% profits jump

The owner of the Daily Mail and Mail on Sunday delivered a 10% rise in annual profits today, but said advertising revenues had slipped back into the red at its national newspaper titles.

Daily Mail and General Trust (DMGT) – which yesterday announced a deal to sell its Northcliffe Media regional division – said robust trading at its business-focused and digital operations helped boost underlying profits to £255m (€317m) in the year to September 30.