Trinity slumps

SHARES IN Trinity fell to a year's low after the regional newspaper group warned that second-half advertising growth had slowed.

Trinity, which unveiled a 13 per cent rise in pre-tax profits for the six months to June, said it is in talks to sell its US operations. The shares closed down 5p at 434p after Merrill Lynch cut its earnings forecasts, citing the expectation of a slowdown in advertising and the lack of recent acquisitions.