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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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3 Feb 2016 12:10

LONDON MARKET MIDDAY: Pound Rises After Upbeat UK Service Sector Data

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3 Feb 2016 10:35

WINNERS & LOSERS SUMMARY: Prudential Bounces Back From 2-Year Low

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3 Feb 2016 09:31

Johnston Press rallies on pension deficit reduction

(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 tru

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3 Feb 2016 08:51

BUZZ-Johnston Press: best day in 3 yrs on pension deficit reduction

** Shares in "The Scotsman" publisher Johnston Press up more than 15 pct pension deficit cut by >50% ** Co undertook pension study to streamline the pension scheme ** Now expects to reduce deficit by c50 mln stg (deficit on Jan 3 2015 was 90 mln stg) ** Liberum says this shrink

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3 Feb 2016 07:50

Johnston Press Says Study Set To Cut Pension Scheme Deficit

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19 Jan 2016 14:48

Johnston Press to sell titles as digital focus intensifies

(ShareCast News) - As well as confirming profits in line with forecasts, local newspaper publisher Johnston Press said it may sell several of its non-core titles in order to focus on digital growth. The company, whose titles range from dailies such as the Scotsman and the Yorkshire Post to around 19

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19 Jan 2016 09:35

BROKER RATINGS SUMMARY: UBS Upgrades Burberry To Buy From Neutral

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19 Jan 2016 07:43

Johnston Press Revenue Declines But Earnings To Meet Expectations

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1 Dec 2015 14:52

Johnston Press reorganises with central editorial team

(ShareCast News) - Johnston Press has appointed an editor-in-chief and created two publishing director positions as part of the local newspapers group's editorial restructuring process to "shift focus away from traditional geographic reporting lines". Yorkshire Evening Post and Yorkshire Post editor

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19 Nov 2015 10:25

WINNERS & LOSERS SUMMARY: Poundland Discounted As Sales Decline

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19 Nov 2015 10:06

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

** Johnston Press's shares fall as much as 14.4 pct to a life-low of 45.39p as co reports fall in print and publishing revenues, for 17-week period, due to weak advertising markets ** Co says print advertising revenue falls nearly 15 pct and publishing revenue by about 11 pct for the 17 wee

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19 Nov 2015 09:26

Johnston Press To Meet Profit Expectations For Full Year

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7 Oct 2015 10:43

Johnston Press closes more titles as it looks to cut costs

(ShareCast News) - Media group Johnston Press announced the closure of several print titles as it looks to cut costs and focus on its online expansion. The company said a number of its smaller free print titles have been closed, which will allow it to focus resources on its digital offering in those

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7 Oct 2015 07:34

Johnston Press Makes Further Progress On Cost Cuts As Titles Closed

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14 Sep 2015 10:34

UPDATE 2-UK's Trinity Mirror in talks to buy rival Local World

(Adds Local World no comment, analyst, background and detail; also updates shares) Sept 14 (Reuters) - Britain's Trinity Mirror Plc, publisher of the Daily Mirror and Sunday Mirror newspapers, is in talks to buy rival Local World Holdings Ltd as it attempts to build scale to help counteract

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