Mirror Group has told its investors that the restructuring of the company, including the £297 million acquisition of Midland Independent Newspapers (see Midland In The Mirror), is paying off. Chairman Sir Robin Clark told the annual meeting that the refocusing of the group’s activities had been “successful”, with cost savings and better trading being achieved.
It was also announced that Steve Barber, a partner at Price Waterhouse, would be joining the group’s board as finance director. He replaces John Allwood who has moved to head up the group’s regional and Scottish operations (see Mirror Group Director Leaves For Yorkshire Post).
Mirror Group: 0171 293 3000
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