Sharewatch: Trinity Rises In Build-Up To Morgan Ousting

Trinity Mirror saw a 0.65% rise in week on week analysis in the build-up to Friday’s ousting of Mirror editor, Piers Morgan. The newspaper group’s shares closed at 615p on Friday, just hours before news of the tabloid-chief’s sacking broke (see Sacked Daily Mirror Editor Could Demand Compensation).

Elsewhere, the Daily Mail & General Trust was the only company to see a week on week rise. The newspaper group added 0.08% to close at 651p. Last week the company’s partnership bid with Cinven for the Telegraph titles collapsed, leaving the group without a partner ahead of this week’s deadline for final bids (see Daily Mail Drops Cinven As Partner For Telegraph Bid).

Beleagured cable company Telewest saw one of the largest week on week dips, losing 16.67% but only źp in real terms. The company recently announced an upturn in fortunes as group net loss was reduced to £36 million from £187 million on the same period last year (see Telewest Debts Reduce As Subscriber Figures Grow).

The closing prices of media company shares on Friday were:

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