Trinity Mirror beats forecasts
Friday 11 November 2011
Trinity Mirror expects to perform slightly better than forecast, thanks to higher Sunday circulations following the closure of its rival's News of the World in July.
The publisher of the Daily Mirror and Sunday Mirror said its revenues in the 17 weeks to the end of October were in line with the same period in 2010, and the rate of decline in advertising sales had decreased.
Trinity Mirror's shares, which were trading above 90p earlier this year, rose by nearly 4 per cent to 49.75p. But the newspaper group said conditions remained challenging and it expected advertising markets to show year-on-year declines and month-on-month volatility into 2012.
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