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Independent To Maintain Cost Control

Independent To Maintain Cost Control

Independent News & Media (INM), owner of the UK’s Independent newspaper, today said that the UK market is performing well despite tough local market conditions. Speaking at the company’s annual meeting today, executive chairman Sir Anthony O’Reilly said that cost control continues to be a major focus in all of the group’s operations.

O’Reilly said that the Irish market remains extremely buoyant and that South Africa and New Zealand are showing improvement. Financial results for the Group are expected to show growth over the 2000 figures.

INM operates in Australia, Ireland, New Zealand and South Africa, as well as the UK, and has three core businesses: newspaper publishing, electronic media and outdoor advertising.

At 1:30pm today shares in the group were unchanged at 153½p.

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