February Warns Of Deteriorating Newsstand Sales For Highbury House

Publishing group Highbury House says that there has been a deterioration in newsstand sales during February – a trend which may have continued into the following months.

Speaking at the company’s AGM this morning, executive chairman Ian Fletcher said that as newsstand sales can only be accurately quantified two months in arrears, it is difficult to predict at this stage whether the February dip is a one-off event or an early indicator of an ongoing trend. Other revenue streams, he said, continue to perform in line with expectations.

As the trading day entered its final quarter, shares in Highbury House were down 6¾p on the previous day’s price, at 41p.

Highbury House: 020 7226 2222

UK media shares are monitored and listed daily in MediaTel Newsline’s Sharewatch