Sharewatch: Trinity Mirror Falls Despite Sell Off
Trinity Mirror was the media sector’s big story yesterday after revealing plans to sell its regional newspaper businesses in Ireland to venture capital group 3i for £46.3 million (see Trinity Mirror Sells Irish Titles To 3i For £46 Million). The stock fell 0.56%.
Elsewhere, Capital Radio was seen in the spotlight up 3.41% as it followed the FTSE 100 index upwards.
Broader market sentiment was bullish as the FTSE 100 rose to 4,410, its highest level since August 2002. Sharply better than expected US manufacturing data provided further momentum to the market’s upward path. However, dollar weakness continued to cast a shadow over the market and the Euro scored a fresh all-time high against the dollar.
The closing prices of media company shares on Monday were:
