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Johnston Press rallies on pension deficit reduction

Wed, 03rd Feb 2016 09:31

(ShareCast News) - Johnston Press said the findings of the study it carried out to assess the liabilities of its pension plan are expected to reduce the present value of the media group's plan by around £50m.In addition, the company said that following a change to the scheme rules agreed by the trustees, it will now be entitled to participate in any surplus when the scheme closes.As a result, an additional liability of £3m at 3 January 2015 will not be required.Johnston said the adjustments, taken together, reduce the scheme deficit by some £53m from £90m.The group said full details of the study and assumptions used in calculating the changes to the scheme deficit will be presented in the preliminary results for the 52 weeks to 2 January on 22 March.Peel Hunt said: "This is almost the same as the market cap of JPR, and hence it is good news."At 0940 GMT, Johnston Press shares were up 13.6% to 41.48p.
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9 Nov 2023 16:07

National World confirms acting finance chief in post permanently

(Alliance News) - National World PLC on Thursday said it has confirmed Acting Finance Director Sheree Manning in post as permanent chief financial officer, alongside naming Chief Commercial Officer Mark Hollinhead as chief operating officer.

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22 Oct 2018 16:57

Majedie Investment Unit Sells Entire Johnston Press Stake (ALLISS)

LONDON (Alliance News) - Johnston Press PLC said Monday that Majedie Asset Management Ltd sold its entire stake in the company.Majedie previous holding in the company before the sale was at

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19 Oct 2018 18:25

Custos Group Raises Johnston Press Stake To 25% In Deal (ALLISS)

LONDON (Alliance News) - Johnston Press PLC said Friday Custos Group AS increased its stake in the multimedia news company to 25% after transactions on Thursday and Friday.Prior to these a

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11 Oct 2018 10:04

Johnston Press puts itself up for sale

(Sharecast News) - Johnston Press, the publisher of the i and Scotsman newspapers and roughly 200 other local titles, has put itself up for sale.

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11 Oct 2018 09:34

Debt-Laden Scotsman Publisher Johnston Press Puts Itself Up For Sale

LONDON (Alliance News) - Johnston Press PLC, the publisher of the i, Scotsman and Yorkshire Post newspapers, said Thursday it has decided to put itself up for sale to maximise shareholder value on

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29 Aug 2018 10:40

WINNERS & LOSERS SUMMARY: Johnston Press Drops 20% On Revenue Decline

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - up 2.3% and United up 1.9%. Citigroup

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29 Aug 2018 07:53

Johnston Press revenue dented by Google and Facebook changes

(Sharecast News) - Newspaper publisher Johnston Press reported a drop in first-half revenues on Wednesday as it took a hit from algorithm and news feed changes at Google and Facebook, but said it swung to a pre-tax profit.

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27 Jul 2018 16:41

Alex Salmond Dropped From Johnston Press Takeover Plans

LONDON (Alliance News) - Alex Salmond has been dropped from plans for a takeover of the newspaper group which publishes the Scotsman and the i, it has emerged.Norwegian investor Christen he

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26 Jul 2018 13:15

Johnston Press Shares Spike 60%, Knows Of No Reason Why

LONDON (Alliance News) - Johnston Press PLC said Thursday it does not know the reason behind its sharp share price increase.Shares were trading 60% higher at 5.66 pence each Thursday - the

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29 May 2018 16:05

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 30 MayAG BarrBodycote Crusader ResourcesRoyal Bank of Scotland Topping

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1 May 2018 09:28

Johnston Press Boss Ashley Highfield Resigns As Finance Head Steps Up

LONDON (Alliance News) - Publishing firm Johnston Press PLC said Tuesday Chief Executive Officer Ashley Highfield will resign from early June for "family reasons" to be replaced by its -

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19 Mar 2018 09:47

PRESS: Investor Pauses Bid To Make Alex Salmond Johnston Press Chair

LONDON (Alliance News) - Plans for former Scottish National Party leader and First Minister of Scotland Alex Salmond to be installed as chairman of Johnston Press PLC by have

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3 Feb 2017 09:42

UPDATE 1-Yorkshire Post publisher Johnston Press flags improved trading

(Recasts, adds shares, details) Feb 3 (Reuters) - Johnston Press Plc, the publisher of the Scotsman, said trading towards the end of 2016 improved as it posted a 1 percent rise in fourth-quarter revenue aided by strong sales of its "i" and Yorkshire Post titles. The 250-year-old compa

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3 Feb 2017 09:29

Johnston Press recovers after tough post-Brexit vote period

(ShareCast News) - Multimedia company Johnston Press, owner of brands like The Scotsman and The Yorkshire Post, has reported an improvement in trading in the fourth quarter after a 5% fall in revenue during the aftermath of the Brexit vote. The group recovered in the fourth quarter with a 1% rise in

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3 Feb 2017 08:13

Publisher Johnston Press full-year revenue falls; weak pound hurts

Feb 3 (Reuters) - Johnston Press Plc, the publisher of the Scotsman and the Yorkshire Post, said it is seeing higher costs from imported paper and ink due to weakness in sterling after the Brexit vote, as it posted a 6 percent fall in full-year revenue. The 250-year-old company said trading

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