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Pin to quick picksTrinity Mirror PLC Share News (TNI)

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Numis reiterates 'buy' on Trinity Mirror after trading update

Fri, 16th Dec 2016 10:43

(ShareCast News) - Numis reiterated a 'buy' rating and target price of 210p on Trinity Mirror after the British newspaper publisher reported an "encouraging" trading update on Friday.While Trinity said it sees group revenue falling by more than 8% like-for-like in the fourth quarter, it said its performance for the full year will be "marginally ahead" of expectations. Numis also noted that the decline in revenue marks an improvement on the third quarter's 9% fall.The company said publishing revenue is forecast to dip 8% in the last three months of the fiscal year as a 10% slide in print offsets an 8% increase in digital. Print advertising revenue is expected to decrease by 17% while circulation revenue is estimated to dip 5%.Numis raised its lower end forecasts for full year pre-tax profit and earnings per share by 5% to £131.0m and 36.8p, respectively. The broker said an expected net debt of £35m by year end was better than its estimate for £87m, aided by disposals."We retain our Buy recommendation and view Trinity Mirror shares as materially undervalued compared with our price target of 210p," Numis said.
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5 May 2016 10:05

Trinity Mirror calls time on New Day

(ShareCast News) - In a trading update for the four months to the 1 May, Trinity Mirror said it was calling time on The New Day just nine weeks after its launch, citing disappointing sales. "Although The New Day has received many supportive reviews and built a strong following on Facebook, the circu

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5 May 2016 07:32

Trinity Mirror To Close 'New Day' After Nine-Week Print Run

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5 May 2016 06:18

Trinity Mirror to shut new paper after just 9 weeks

LONDON, May 5 (Reuters) - British publisher Trinity Mirror said on Thursday it would shut the New Day newspaper it launched just nine weeks ago after an attempt to introduce a new title to the fiercely competitive market failed. Trinity, which also publishes the Daily Mirror and People tab

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5 May 2016 05:41

PRESS: Trinity Mirror To Close 'New Day' After Just Nine Weeks - BBC

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28 Apr 2016 15:00

Earnings, Trading Statements Calendar - Week Ahead

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28 Apr 2016 15:00

AGM, EGM Calendar - Week Ahead

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24 Apr 2016 11:00

REPEAT-Disgruntled investors flex vote muscle on UK executive pay

(Repeats story from Friday) * HSBC forced to rethink future executive payouts * Follows revolts at BP, others on 2015 payouts * Bulk of pay policies up for fresh vote by 2017 By Sinead Cruise and Simon Jessop LONDON, April 22 (Reuters) - Change the way you pay or ris

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22 Apr 2016 19:33

CORRECTED-Disgruntled investors flex vote muscle on UK executive pay

(Corrects title of Stephan Costa in paragraph 17) * HSBC forced to rethink future executive payouts * Follows revolts at BP, others on 2015 payouts * Bulk of pay policies up for fresh vote by 2017 By Sinead Cruise and Simon Jessop LONDON, April 22 (Reuters) - Change

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23 Mar 2016 13:54

Trinity Mirror Says Court Refuses Appeal Against Phone Hacking Ruling

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23 Mar 2016 10:51

UK's top court refuses Trinity Mirror appeal over hacking charges

LONDON, March 23 (Reuters) - Britain's Supreme Court has rejected an attempt by Trinity Mirror to reduce the amount of compensation it must pay eight people who had their phones hacked by staff working for the newspaper group. Trinity, which publishes the Daily Mirror tabloid, had sought pe

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23 Mar 2016 10:44

Supreme Court rejects Trinity Mirror appeal over hacking charges

(ShareCast News) - The UK Supreme Court has rejected Trinity Mirror's challenge to reduce the £1.2m damages that were awarded to eight phone-hacking victims. Trinity - whose titles include the Daily Mirror, the Sunday Mirror and the Sunday People - brought the appeals against the orders dated 11 Jun

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29 Feb 2016 10:22

Trinity Mirror 2015 results better than expected, dividend lifted

(ShareCast News) - Trinity Mirror announced a drop in 2015 pre-tax profit and revenue but the results were better than expected and the company lifted its dividend, on the same day it launched new weekday tabloid The New Day. For the 52 weeks ended 27 December, revenue fell to £592.7m from £636.3m i

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29 Feb 2016 08:54

BUZZ-Trinity Mirror: FY revenue beats estimates

** Publisher Trinity Mirror's shares up 5 pct ** FY revenue £592 mln, above analyst average estimate of £580.90 mln, according to Thomson Reuters IBES ** Company expects print markets to remain difficult in 2016, but expects cost cutting and integration of Local World to offset slow

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29 Feb 2016 08:17

Trinity Mirror Increases Dividend By Over 70% As It Launches New Paper

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22 Feb 2016 16:04

Earnings, Trading Statements Calendar - Week Ahead

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