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Sharewatch: Trinity Falls Ahead Of Job Losses
Trinity Mirror was seen in focus as last week’s biggest decliner, down 3.62% as the Financial Times reports the group is set to shed several hundred jobs as part of a shake-up in its advertising, administrative and distribution operations.
Elsewhere the Cordiant take-over saga limped onwards as the troubled ad group’s shares were de-listed.
Investors also considered news, seen weighing heavily on Wall Street, that AOL Time Warner is facing a lawsuit from the California Public Employees’ Retirement System over allegations it defrauded investors.
The closing prices of media company shares on Friday were:
