Sharewatch: Trinity Mirror Rises On Sell-Off Speculation

Trinity Mirror was last week’s big story in the media sector on speculation that the group may sell off the Daily Mirror, after releasing its financial results and announcing price cuts at the title would come to an end (see Bailey Moves To Stop Mirror-Sun Price War As Costs Hit £22m). The group’s new chief executive, Sly Bailey, also revealed that the entire group would be placed under a wide ranging review. The stock was seen up 6.56% week on week.

At the other end of the scale, last week’s biggest decliner was information provider, Reuters, which has been plagued by concerns that it is loosing market share to rivals such as Bloomberg and Thomson. The stock was seen down 13.30% week on week.

Investors will have all eye on Financial Times‘ parent group, Pearson, which releases its results today. It is understood the trademark pink paper has been hit hard by the ad recession, as its main advertisers are financial services, IT and technology companies.

The closing prices of media company shares on Friday were: