Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1674
    +0.0018 (+0.15%)
     
  • GBP/USD

    1.2478
    -0.0033 (-0.26%)
     
  • Bitcoin GBP

    50,868.61
    -445.05 (-0.87%)
     
  • CMC Crypto 200

    1,322.08
    -74.45 (-5.33%)
     
  • S&P 500

    5,102.86
    +54.44 (+1.08%)
     
  • DOW

    38,257.54
    +171.74 (+0.45%)
     
  • CRUDE OIL

    84.04
    +0.47 (+0.56%)
     
  • GOLD FUTURES

    2,346.90
    +4.40 (+0.19%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

BUZZ-Trinity Mirror: FY revenue beats estimates

** Publisher Trinity Mirror's shares up 5 pct

** FY revenue £592 mln, above analyst average estimate of £580.90 mln, according to Thomson Reuters IBES

** Company expects print markets to remain difficult in 2016, but expects cost cutting and integration of Local World to offset slowing print revenue

** Company targets cost savings of £15 mln in 2016

** Trinity Mirror (LSE: TNI.L - news) 's launch of new newspaper "The New Day" suggests that it is also confident that print has a future - Liberum analysts

** Up to Friday's close, stock had fallen 8.4 pct this year

(RM (LSE: RM.L - news) : vidya.loganathan.thomsonreuters.com@reuters.net)