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Thursday newspaper round-up: Facebook, Johnston Press, steel industry

Thu, 11th Feb 2016 07:14

(ShareCast News) - Other EU leaders are ready to copy David Cameron's referendum tactics for their own "egotistic goals", the European Council president has said, as he sounded the alarm over populist politics bringing the bloc to the brink of "suicide". Donald Tusk's forthright warning on Wednesday came as he announced he was clearing his diary next week to concentrate on the "very fragile" talks on a "new settlement" for Britain, which will be discussed at an EU summit next week. - Financial TimesMark Zuckerberg has clashed with Marc Andreessen, a longstanding Facebook investor and board member, over what the social network's founder called "deeply upsetting" remarks about India's colonial history by the venture capitalist. The unusually public spat between the Facebook chief executive and one of his most prominent backers follows a significant setback earlier this week for the social network's plan to bring free mobile internet access to India. - Financial TimesJohnston Press is in advanced talks with the Lebedev family to buy the i newspaper in a deal that will raise questions over the future of its stable mate, The Independent. It is understood both sides are brokering the sale of the tabloid, with talks expected to run into the night. Sources confirmed the i, which was launched in October 2010 at a cover price of 20p, is the only subject under discussion between the two parties. - TelegraphDavid Cameron has hailed Britain's technology sector as "extraordinary", after a report revealed companies are generating £161bn for the economy. According to the Tech Nation report, now in its second year, the digital economy grew 32pc faster than the rest of the economy between 2011 and 2014, and is creating new jobs at an unprecedented rate. - TelegraphDavid Cameron has been accused of failing the British steel industry after the government confirmed it was blocking proposals from other EU members to tackle dumping of cheap product by China. Sajid Javid, the business secretary, said it would not be right for the EU to scrap regulations known as the "lesser duty rule", which some countries want to end in order to allow higher tariffs on Chinese steel. - GuardianThe Bank of England and Paul Tucker have been drawn back into the Libor scandal amid claims that Barclays used what it believed was a confidential instruction from a former deputy governor to lower rates to buy billions of pounds of debt in rival British lenders at the height of the financial crisis. - The TimesThe outgoing boss of Waitrose who didn't get the job he originally wanted - the chairmanship of Channel 4 - is to be elevated to the peerage and become Her Majesty's minister for trade and investment. Mark Price, the self-proclaimed "chubby grocer", was scheduled to retire from Waitrose in April and it had become common knowledge that he coveted the job at Channel 4. - The Times

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25 Jan 2017 10:14

Johnston Press wins contract to print Daily Mail

(ShareCast News) - Multimedia company Johnston Press, owner of brands like The Scotsman and The Yorkshire Post, has won a contract to print the Monday to Saturday issues of the Daily Mail for an undisclosed sum. The agreement comes after Associated Newspapers, a wholly owned subsidiary of DMGT respo

17 Jan 2017 11:07

Johnston Press sells East Anglia newspaper business for £17m

(ShareCast News) - Johnston Press, the owner of the i, the Scotsman and many local newspapers, has sold its East Anglia business for £17m in order to focus on key growth areas. The London-listed company said it has completed the sale of Johnston Publishing East Anglia, which owns 13 publishing tiles

19 Dec 2016 09:07

Johnston Press Agrees To Amend Terms Of Debt Facility With Lenders

14 Nov 2016 07:58

Johnston Press confirms late discussions with Iliffe Media

(ShareCast News) - Johnston Press confirmed on Monday that it is in late discussions with Iliffe Media about the potential disposal of certain titles. The company, which completed the £4.25m sale of its Isle of man titles to Tindle Newspapers back in August, has previously announced that as part of

10 Nov 2016 10:54

Johnston Press sees its performance continuing in-line

(ShareCast News) - Johnston Press sees its performance continuing in line with expectations as it focuses on cost cutting to mitigate revenue declines and impact of sterling's weakness on paper prices. "Following the successful disposal of the Isle of Man titles in August, we continue to explore opp

26 Oct 2016 08:29

BROKER RATINGS SUMMARY: Goldman Slightly Less Negative On UK Grocers

11 Sep 2016 15:45

Sunday newspaper round-up: Inflation, MPC, Tesco, Rolls-Royce, Morrisons

(ShareCast News) - At their meeting this week, the Bank of England's rate setters are expected to pause and take stock of the impact on the economy of its recent interest rate cut, while UK inflation is set to continue its modest rise figures are likely to show. While inflation is likely to be boost

23 Aug 2016 15:58

London close: Blue-chip miners, banks push FTSE higher as house builders fly

(ShareCast News) - London indices closed up thanks to heady gains among house builders after Persimmon posted robust first-half results, with miners, financials and supermarkets also on the up. While house builders dominated the top end of the blue-chip leaders' ladder, it was "miners and banks that

14 Aug 2016 17:49

Sunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill

(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex

10 Aug 2016 08:35

BROKER RATINGS SUMMARY: Panmure Raises RSA Insurance To Buy From Hold

7 Aug 2016 13:59

Sunday share tips: Johnston Press, IG Design

(ShareCast News) - Sell shares in Johnston Press, was the advice of the Sunday Times' Inside the City column. The publisher, recently added to its stable of local newspaper that ranges from the Burnley Express and the Isle of Man Examiner down to the Crawley Observer and Portsmouth's The News, with

4 Aug 2016 11:01

Broker tips: Johnston Press, Direct Line, Hikma Pharmaceuticals

(ShareCast News) - Johnston Press shares plunged on Thursday as Numis placed its rating and target price 'under review' after the company swung to a first half loss. For the 26 weeks to 2 July, the company posted a statutory pre-tax loss of £183.7m versus a £2.2m profit the year before, as it booked

4 Aug 2016 10:00

Numis puts Johnston Press 'under review' after first half results

4 Aug 2016 09:46

Johnston Press swings to loss in first half

(ShareCast News) - Newspaper publisher Johnston Press swung to a loss in the first half, mainly on the back of an impairment charge. For the 26 weeks to 2 July, the company posted a statutory pre-tax loss of £183.7m versus a £2.2m profit the year before, as it booked a £183.6m non-cash impairment re

8 Jul 2016 11:43

Johnston Press chipper on 'i' newspaper readership

(ShareCast News) - Johnston Press is increasing the readership of 'i' newspaper at a clip ahead of management views, with advertising revenue hitting a fresh high in the week to 29 June. The last week's sales showed daily circulation consistently more than 300,000, peaking at 319,000 on 29 June. In

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Thursday newspaper round-up: Facebook, Johnston Press, steel industry

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