Early data help stem LLP's fall
Tuesday 18 August 1998
The row, which revolves around the threat to editing jobs, is the latest in a series of difficulties to hit the parent company, LLP, since its flotation on 17 April.
Yesterday the company brought out early a set of interim financial figures in a bid to stem a decline in its share price. LLP floated at 285p but the price had slid to 205p. Shares rose to 224.5p by close last night after management unveiled an 8 per cent increase in pre-tax and pre-exceptional profits to pounds 4.3m on the back of sales up 14 per cent at pounds 25.3m.
LLP's chief executive, David Gilbertson, was confident about future trading conditions and said the company hoped to complete a series of acquisitions before year-end. But he added: "We brought forward the interim statement because the lack of information coming from the company had led also to uncertainty and rumour."
The former Lloyd's List editor, who became a paper millionaire at LLP's flotation, confirmed there were differences of opinion with the NUJ but said discussions were continuing.
- 2 Moscow voted the world's unfriendliest city
- 3 The excuses your boss is most likely to believe when you call in sick
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The one chart that shows how George Osborne is almost certainly going to be our next Prime Minister
The excuses your boss is most likely to believe when you call in sick
Bono's group has made more money from Facebook investment than from all his music
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don’t change Europe’s attitude to refugees, what will?
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...
Voluntary and unpaid, reasonable expenses reimbursable: Reach Volunteering: St...