The Week: City News - Trinity posts mixed results

Trinity Mirror posted positive first-half results this week, but admitted that proceeds from planned disposals will bring in less than analysts thought.

This sent its share price crashing to a six-month low. The company's disposal programme, which includes The Birmingham Post and South London Press, should bring in £450 million, according to the company - substantially less than the £550 million to £600 million predicted by analysts. The publisher reported a 7.4 per cent rise in pre-tax profits to £98.2 million, and said that it had seen advertising growth in June and July across the group for the first time since March 2005.