Exchange

Johnston Press, led by former BBC technology boss Ashley Highfield, has sold Telegraph House in York Street, Sheffield, home to around 400 hacks and sales staff working on the Sheffield Star and the Sheffield Telegraph. The first Sheffield Daily Telegraph was published on the site, though not in the same building, in 1855.

It's been on the market since February - the deal is for £3.6 million in cash, with completion at the end of the month. We are told JP staff  "will remain in the building for a short transitional period before moving to new fit-for-purpose premises", as yet unnamed.

£3.6m is equivalent to 25% of the company's market capitalisation, at today's share price of 13.5p.