Tuesday, January 19, 2016

In the City

Twitter is down at time of writing, so it'll be interesting to see how the world fares without an echo-chamber.

I noticed because I was seeking the Tweeted thoughts of Culture Secretary John Whittingdale's newspaper guru, Ashley Highfield. Johnston Press, of which he is CEO, has just announced it's considering asset sales, which has boosted the share price slightly from yesterday's record low of 35p. The company's trading update has said that full year earnings are on track as forecast, despite total revenues being down 7%.

Johnston Press' share price has fallen 75% since I set up my imaginary Whittingdale ISA in May last year. Overall the portfolio - including Sky, BT, ITV and Trinity Mirror - is down 17.5% this morning, almost exactly in line with the FTSE 100 over the same period.

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