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Sharewatch: Trinity Rises On Positive Comments
Trinity Mirror was seen in the spotlight, up 2.05%, on reports that chief executive, Sly Bailey, has ruled out the demerger of the company’s national and regional newspapers and is set to initiate a thorough cost-cutting programme (see Bailey Seeks To Cut Costs At Trinity Mirror).
Cordiant also remained in focus, down 6.67%. The stock was unsettled by reports that a Syrian billionairess is the independent investor who recently purchased a 2% stake in the troubled advertising group (see Endgame No Clearer As Chess Fan Makes Move On Cordiant).
Broader market sentiment was bullish yesterday, boosted by strong gains on Wall Street following the holiday weekend.
The closing prices of media company shares on Monday were:
