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BUZZ-Johnston Press: hits life-low as print, publishing revenues drop

Thu, 19th Nov 2015 10:06

** Johnston Press's shares fall as much as 14.4 pctto a life-low of 45.39p as co reports fall in print andpublishing revenues, for 17-week period, due to weak advertisingmarkets

** Co says print advertising revenue falls nearly 15 pct andpublishing revenue by about 11 pct for the 17 weeks ended Oct.31, 2015, although reaffirming FY underlying profit expectation

** Stock is the biggest loser on FTSE Small Cap Index and second-biggest loser on FTSE All Share ConsumerServices Index

** More 4x the stock's 90-day daily avg volume through infirst two hours

** Up to Wednesday's close, stock has fallen 68 pct YTD (Reuters Messenging: muvija.m.thomsonreuters.com@reuters.net)

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BUZZ-UK publishers: paper thin trading speaks volumes

** Choppy trading continues in UK publishing stocks on Tuesday even after H1 results from Johnston Press show signs of improvement & Trinity Mirror wins permission to appeal recent phone-hacking judgment ** Volumes thin in general due to holidays though just the one trade late afternoon for

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11 Aug 2015 09:19

Johnston Press confident of recovering from difficult first half

(ShareCast News) - Newspaper publisher Johnston Press reported a slowdown in first half trading but said it remained confident in its strategy. The London-listed company said that in the 26 weeks to 4 July, it swung from a pre-tax loss of £6.3m to a pre-tax profit of £2.2m, although revenue declined

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