Northern & Shell to sell newspapers to David Montgomery, report says
10th Jan 2017 12:26
(ShareCast News) - Richard Desmond may sell his Express and Star newspapers to a company set up by ex-Trinity Mirror, Local World and Mecom newspaper magnate David Montgomery, according to reports on Tuesday. Sky News reported that Montgomery, who sold regional newspaper group Local World to Trinit
Read moreTrinity Mirror confirms Express talks, Desmond may exit newspapers
10th Jan 2017 07:28
(ShareCast News) - Trinity Mirror confirmed it is in the "early stage of discussions" with Richard Desmond over a potential investment in some assets of his Northern & Shell business, which controls the Daily Express, Daily Star and OK! Magazine. The Daily Mirror owner said no offer has yet been mad
Read moreNumis reiterates 'buy' on Trinity Mirror after trading update
16th Dec 2016 10:43
(ShareCast News) - Numis reiterated a 'buy' rating and target price of 210p on Trinity Mirror after the British newspaper publisher reported an "encouraging" trading update on Friday. While Trinity said it sees group revenue falling by more than 8% like-for-like in the fourth quarter, it said its pe
Read moreTrinity Mirror expects drop in fourth quarter revenue
16th Dec 2016 10:17
(ShareCast News) - Trinity Mirror expects group revenue to fall in the fourth quarter, reflecting a slump in print advertising sales. In a pre-close trading update, the owner of British newspapers the Daily Mirror and the Sunday Mirror said it anticipates group revenue will drop by below 8% in the f
Read moreTrinity Mirror H1 profit jumps on Local World acquisition
1st Aug 2016 10:17
(ShareCast News) - Daily Mirror publisher Trinity Mirror reported a jump in first-half pre-tax profit on Monday, thanks in part to its acquisition of news publisher Local World last November. In the 27 weeks ended 3 July, adjusted pre-tax profit rose to £66.9m from £47m as revenue increased to £374.
Read moreTrinity Mirror calls time on New Day
5th May 2016 10:05
(ShareCast News) - In a trading update for the four months to the 1 May, Trinity Mirror said it was calling time on The New Day just nine weeks after its launch, citing disappointing sales. "Although The New Day has received many supportive reviews and built a strong following on Facebook, the circu
Read moreSupreme Court rejects Trinity Mirror appeal over hacking charges
23rd Mar 2016 10:44
(ShareCast News) - The UK Supreme Court has rejected Trinity Mirror's challenge to reduce the £1.2m damages that were awarded to eight phone-hacking victims. Trinity - whose titles include the Daily Mirror, the Sunday Mirror and the Sunday People - brought the appeals against the orders dated 11 Jun
Read moreTrinity Mirror 2015 results better than expected, dividend lifted
29th Feb 2016 10:22
(ShareCast News) - Trinity Mirror announced a drop in 2015 pre-tax profit and revenue but the results were better than expected and the company lifted its dividend, on the same day it launched new weekday tabloid The New Day. For the 52 weeks ended 27 December, revenue fell to £592.7m from £636.3m i
Read moreTrinity Mirror developing new paper, reports say
13th Jan 2016 12:01
(ShareCast News) - Trinity Mirror has begun working on the launch of a new national newspaper format, reported to be akin to The Independent's i title. The company confirmed it was "exploring several alternative revenue streams" but did not deny reports in the Press Gazette that a team of Mirror jou
Read moreTrinity Mirror loses appeal against phone hacking payout
17th Dec 2015 14:44
(ShareCast News) - Newspaper publisher Trinity Mirror said it had lost its appeal against a £1.2m payout to victims of the phone hacking scandal. Trinity was appealing May's landmark High Court decision from Mr Justice Mann, which awarded a total of £1.2m in damages to eight victims of the fir
Read moreTrinity Mirror seals deal to buy Local World
28th Oct 2015 11:12
(ShareCast News) - Newspaper group Trinity Mirror has reached an agreement to acquire the remaining 80% stake in Local World Holdings it does not already own for £154.4m in a deal that will create the UK's largest regional news publisher. Trinity said the acquisition will create a stronger and more
Read moreFriday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreTrinity Mirror on track to meet full-year expectations
5th Oct 2015 08:08
(ShareCast News) - Trinity Mirror said it's on track to meet its performance expectations for the year, as it highlighted some improvement in third-quarter revenue trends. The company said revenue fell 9% in the third quarter, compared with a 13% drop in the second. Underlying revenue fell by 7% com
Read moreLondon close: Stocks decline on interest rate confusion ahead of FOMC decision
14th Sep 2015 16:27
(ShareCast News) - The UK equity market declined on Monday after earlier gains as investors showed nervousness ahead the Federal Reserve's interest rate decision. The Federal Open Market Committee on Thursday announces whether it will raise rates for the first time in almost a decade following a two
Read moreLondon midday: Stocks edge higher as China unveils state-firm reforms
14th Sep 2015 11:50
(ShareCast News) - London stocks edged higher on Monday after China revealed details of state-business reforms as worse-than-expected data fuelled concerns about the nation's slowdown. China on Sunday outlined plans to restructure its state-owned enterprises, including partial privatisation. The pro
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