Newspaper article The Journal (Newcastle, England)

Trinity Results Cheer Market; in Association with RBS

Newspaper article The Journal (Newcastle, England)

Trinity Results Cheer Market; in Association with RBS

Article excerpt

NEWSPAPER and online publisher Trinity Mirror sparked a share price rally yesterday after reporting growth in advertising revenues for the current year.

The group, which produces 200 regional titles including The Journal, the Evening Chron icle, the Middlesbrough Evening Gazette and national titles including the Daily Mirror, said revenues in the four months to the end of October rose 2.7% on a year earlier, resulting in an increase of 0.1% for the year to date.

The update lifted Trinity Mirror's shares by more than 4%, offsetting recent weakness caused by worries about tougher trading conditions.

Finance director Vijay Vaghela told a conference in Barcelona that the gradual improvement in advertising market conditions had been maintained.

He said: "Whilst the advertising environment remains volatile month on month, we are encouraged by the trends that are emerging. The board is confident that our 2007 performance will be in line with expectations. …

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