Sunday newspaper round-up: RBS spin-off, Trinity Mirror acquisition, PR Newswire sale
13th Sep 2015 16:38
(ShareCast News) - Royal Bank of Scotland will begin marketing the initial public offer of its Williams & Glyn spin-off later this year ahead of a flotation expected in the second half of 2016. The Sunday Telegraph reported that, with Bank of America Merrill Lynch advising the lender on the process,
Read morePhone hacking, ad revenue slump hit Trinity Mirror first half profits
3rd Aug 2015 11:34
(ShareCast News) - Pre-tax profits at newspaper publisher Trinity Mirror plunged to £12.1m from £50m in the first half of 2015 on the back of falling advertising revenues and payouts to victims of phone hacking. Revenues were down to £288.5m from £324m, while operating profits fell to £19.6m from
Read moreTrinity Mirror slumps on doubling of cost cuts and revenue warning
26th Jun 2015 09:28
Trinity Mirror dropped nearly 4% on Friday after the company said it has doubled its targeted structural cost savings for the year to £20m due to a more challenging revenue environment. "This coupled with ongoing cost mitigation actions and continued investment to drive digital audience and revenue
Read moreTrinity Mirror in talks to snap up assets from Express Newspapers
17th Mar 2015 09:35
Trinity Mirror has confirmed it is in preliminary talks to snap up rival newspaper the Daily Express in a sign of further consolidation in the newspaper market. The owner of the Daily Mirror has been rumoured to have begun talks with Richard Desmond, the owner of Express Newspapers about buying the
Read moreTuesday newspaper round-up: HSBC, Netanyahu election, Iran nuclear deal
17th Mar 2015 06:35
Thousands of clients of HSBC on the mainland have been told their accounts in the Channel Islands are to be closed. That comes as the lender seeks to ensure that its services are not being used to avoid paying taxes in the UK, according to The Times. Trinity Mirror, the owner of the Daily Mirror, ha
Read moreFriday newspaper round-up: RBS, Defence spending, Fed stress tests
6th Mar 2015 06:40
Chancellor George Osborne said he would like to proceed "as quickly as we can to get rid of" the government's stake in RBS, writes the Financial Times. However, he said that the size of stake was "massive" and the sell-down of shares could take years to complete. Whitehall sources have warned that t
Read moreTrinity Mirror admits liability in phone hacking cases
24th Sep 2014 10:10
British newspaper group Trinity Mirror said its subsidiary company MGN has admitted liability in four cases of phone hacking. MGN said the four individuals involved in the cases would receive compensation, while Trinity Mirror, which set aside £4m in July to cover the legal costs of dealing and reso
Read moreWednesday broker round-up UPDATE
24th Sep 2014 09:15
Aggreko: Morgan Stanley ups target price from 1350p to 1375p, while leaving its underweight rating unaltered. Alliance Pharma: Canaccord Genuity lowers target price from 35p to 33p reiterating its hold recommendation. Close Brothers Group: UBS moves target price from 1420p to 1430p and keeps a neut
Read moreTate & Lyle chairman tops up stake with another 10,000 shares
31st Jul 2014 16:38
The chairman of FTSE 250-listed Tate & Lyle, Peter Gershon, added £63,800-worth of shares in the sugar and sweeteners group. Gershon, who is also the chairman of National Grid, paid 638p for each of the 10,000 shares, taking his holding to 92,080 shares. The purchase comes about a week after the
Read moreMonday broker round-up UPDATE
28th Jul 2014 11:06
African Barrick Gold: UBS ups target price from 260p to 290p and maintains a buy recommendation. Deutsche Bank cuts target price from 300p to 280p and reiterates a buy recommendation. Anglo American: UBS downgrades from buy to neutral with a target price of 1700p. Barclays: Nomura cuts target pric
Read moreTrinity Mirror lifts FY profit forecast and reinstates dividend
28th Jul 2014 08:59
Bigger online audiences and lower newsprint costs have helped newspaper publisher Trinity Mirror to forecast better-than-expected annual profits and the restoration of its dividend. Trinity, which publishes the Daily and Sunday Mirror and The People, said first half performance had exceeded its hop
Read moreFriday broker round-up UPDATE
14th Mar 2014 09:07
Barclays: Nomura reduces target price from 305p to 285p staying with its buy recommendation. Investec lowers target price from 305p to 295p and keeps its buy recommendation. Ferrexpo: Westhouse Securities increases target price from 190p to 220p and reiterates a buy recommendation. F&C Asset Manag
Read moreThursday broker round-up UPDATE
13th Mar 2014 09:07
Advanced Medical Solutions: FinnCap ups target price from 75p to 114p retaining its hold recommendation. Antofagasta: Investec cuts target price from 764p to 753p and retains a sell recommendation. Barclays: Numis shifts target price from 274p to 280p upgrading from hold to add. BBA Aviation: JP
Read moreStrong online demand helps Trinity Mirror to boost annual profits
13th Mar 2014 08:26
Strong digital demand and an organisational shake-up have driven annual profits higher at newspaper publisher Trinity Mirror. Trinity, which owns the Daily and Sunday Mirror and the People, said digital revenue in its publishing division underwent a turnaround during the year. They moved from a fi
Read moreTrinity Mirror ups profit guidance for 2013
4th Feb 2014 15:58
Trinity Mirror has raised its guidance for full-year profits after a better-than-expected end to 2013. The national and regional newspaper publisher said that adjusted operating profits for the 12 months ended December 29th will be 4% ahead of market expectations. Revenues in November and December
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