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Fintechs: A new paradigm of growth

After decades of hypergrowth, fintechs have entered a new era of value creation, where the focus is on sustainable, profitable growth. This report examines how fintechs can win in these disruptive times.

Ashurst advises on recommended acquisition of ordinary shares in Daily Mail and General Trust plc

DMGT Events business half year revenues down 95%, with underlying growth reported in Information Services

Investegate |Daily Mail & General Announcements | Daily Mail & General: Half Year 2021 Results

      o  Revenue down 12% underlying o  Cash operating income² down 13% underlying; 11% margin o  Adjusted³ operating profit down 19% underlying; 9% margin o  Adjusted profit before tax down 20% underlying o  Adjusted EPS up 12% · Interim dividend increased +1% to 7.6p · Statutory · Active portfolio management strategy delivering value creation: o  Increased investment in Cazoo in October 2020; proposed transaction values stake at c.US$1.35bn 5 vs £117m total investment o  Disposal of EdTech (Hobsons) for c.US$410m in March 2021 o  Acquisition of New Scientist for £67m in March 2021 · Strong financial position maintained: pro forma net cash £293m 6 and £362m of committed undrawn bank facilities; statutory net cash £199m

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