Daily Mail group shares slump to five-year low

Media company DMGT reports 13% drop in profits as it warns of a tough year ahead and further divestmentsShares in the owner of the Daily Mail and Mail Online have slumped by more than 20% after it reported a sharp drop in annual profits and warned of a tough year ahead.Daily Mail & General Trust (DMGT), which also owns the Mail on Sunday and Metro newspapers and is the largest shareholder in business-to-business publisher Euromoney, said its business would be “adversely affected by rec