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.
- 1 I was a Woman Against Feminism too
- 2 Fifty Shades of Grey movie trailer released: First look at Jamie Dornan as Christian Grey
- 3 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 The Tory donor whose firm is one of Britain’s biggest tax avoiders - with HMRC's blessing
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£18000 - £20000 per annum + OTE £25K: SThree: SThree Group has been well estab...
competitive: Progressive Recruitment: This really is a fantastic chance to joi...
£40000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: CXL, Triple Po...
£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...