Trinity up amid pension row

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The Independent Online

Trinity Mirror shares soared by nearly a fifth yesterday in the wake of strong profits, but the newspaper publisher sparked a fresh row over its pension deficit by attacking regulators for refusing to talk.

Vijay Vaghela, the finance director, said he has had "no dialogue" since he wrote a letter to the pensions regulator in March, after his decision to defer £70m of payments into its pension funds.

Mr Vaghela said the lack of response was "confusing", because "there was a lot of speculation that the pensions regulator would be unhappy".