Advertisement
UK markets open in 4 hours 43 minutes

  • NIKKEI 225

    38,317.78
    +765.62 (+2.04%)
     

  • HANG SENG

    16,960.89
    +131.96 (+0.78%)
     

  • CRUDE OIL

    83.33
    -0.03 (-0.04%)
     

  • GOLD FUTURES

    2,332.40
    -9.70 (-0.41%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,536.71
    -167.68 (-0.31%)
     

  • CMC Crypto 200

    1,437.05
    +22.29 (+1.58%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Trinity Mirror In Talks To Buy Local World

(c) Sky News 2015

Trinity Mirror (LSE: TNI.L - news) has confirmed it is in talks to buy the shares of Local World it does not already own.

The publisher of the national Mirror titles and 'big city' newspapers including the Liverpool Echo and Manchester Evening News has a 20% stake in Local World - a rival behind papers such as the Nottingham Post and Leicester Mercury.

The Sunday Times reported at the weekend that the prospect of a £200m deal was close.

Trinity (HKSE: 0891-OL.HK - news) said on Monday: "The Board of Trinity Mirror notes the recent media speculation and confirms that it is in discussions with Local World Holdings Limited for the potential acquisition of the shares not already owned by Trinity Mirror.

ADVERTISEMENT

"There is no certainty that any agreement will be reached."

Daily Mail And General Trust, which owns 38.7% of Local World, also confirmed Trinity's interest.

Trinity has cut costs aggressively at its newspapers to allow investment online, as advertisers shift their money to the digital marketplace.

The tight focus on costs has helped cushion it from falling revenues - down 9% in total in its last six months and driven by tumbling print advertising though digital sales continued to grow.

Trinity's share price rose more than 5% at the start of trading on Monday.