- Axel Springer, the German media group, has said it is still undecided whether to bid for Mirror Group.
Gus Fischer, Springer's chairman, described the British newspaper market as the most attractive in the world. He said British newspapers had a 25 to 30 per cent operating profit margin, well ahead of the German average.
Fischer admitted that Springer wanted to take stakes in companies outside Germany, including in electronic media. But, despite the strong hint that Springer would make a move, Mirror Group's share price slipped 0.5p to 232.5 in the absence of any firm bid news.