Sunday, January 22, 2017

Crystal balls

On Tuesday investment group Crystal Amber moved its shareholding in Johnston Press up - and now has just over 20% of voting rights in the company.

This, according to some papers, puts CEO Ashley Highfield, former BBC technology boss, in CA's firing line once again. Johnston Press's chairman Ian Russell stood down in December, citing family health problems. Interim chair is Camilla Rhodes, a former News International executive.  She ran the groups magazines division, which made losses of around £10m pa from 2005 to 2008, when it was closed down by James Murdoch. She married to Clive Milner, who was News International's Chief Operating Officer until 2010.

JP's shares are up this year, from 13.7p at the start of January, to 18.17p on Friday's close.

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