Sharewatch: Pearson And Trinity Slip Despite Profits

Pearson slipped 0.48% in week on week analysis ahead of its financial results released today. The group, which owns the Financial Times, has announced a 2.8% increase in pre-tax profits to £410 million.

Trinity Mirror also faltered, slipping 1.82% week on week to 595p following last week’s announcement of a rise in pre-tax profits to £172.5 million during 2003. The group raised the coverprice of its flagship Daily Mirror by 3p to 35p (see Daily Mirror Coverprice To Rise As Group Profits Increase).

Taylor Nelson Sofres made the biggest climb on last week’s stock value, rising by 5.74% in week on week analysis. This put the market information provider at 225žp on Friday.

Elsewhere, Kelvin MacKenzie’s Wireless Group rose 3.77% to close at 110p following last week’s appointment of Michael Franklin as managing director of the group’s talkSPORT radio station (see talkSPORT Appoints Franklin As Managing Director).

The closing prices of media company shares on Friday were: