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BUZZ-Johnston Press: best day in 3 yrs on pension deficit reduction

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) in "The Scotsman" publisher Johnston Press (LSE: JPR.L - news) up more than 15 pct pension deficit cut by >50%

** Co undertook pension study to streamline the pension scheme

** Now (NYSE: DNOW - news) expects to reduce deficit by c50 mln stg (deficit on Jan 3 2015 was 90 mln stg)

** Liberum says this shrinks one of JPR's red flags substantially, should boost equity value considerably (keeps "buy")

** Stock top performer on FTSE Small Cap Index ; best day for the stock since March 2013

** More than stock daily avg vol goes through within first hour of trading

(Reuters Messaging: rahul.b.thomsonreuters.com@reuters.net)