Advertisement
UK markets closed
  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     
  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     
  • AIM

    771.53
    +3.42 (+0.45%)
     
  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     
  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     
  • Bitcoin GBP

    50,722.53
    +1,685.68 (+3.44%)
     
  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     
  • DAX

    18,001.60
    +105.10 (+0.59%)
     
  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     

Johnston Press sees lower FY profit as advertisers spent less during polls

July 14 (Reuters) - Johnston Press Plc, publisher of "The Scotsman" and "The Yorkshire Post", said it expected its full-year profit to be slightly below market expectations, after advertisers tightened their purse strings during the elections.

Edinburgh-based Johnston Press said its first-half profit would be marginally lower, coupled with a 5 percent fall in revenue for the 26 weeks ended July 4.

First (Other OTC: FSTC - news) -half advertising revenue is expected to fall 5 percent, with a 5.5 percent fall in circulation revenue.

Around the time of the election, a number of national and local advertisers chose to reduce or delay their spend in both print and online, the company said. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Anupama Dwivedi)