Trinity Mirror to cut costs “dramatically” to hit targets

03 Aug 2015
Halfway through Fy2015 Trinity Mirror PLC said it will only meet full-year profit expectations with dramatic cost cuts of £20 million ($31.2 million U.S.), which cuts were announced in its pre-close trading update. The adjusted profit dropped by 2.5 percent to £47 million ($73.4 million U.S.) from H1 of FY2014 to H1 of FY2015. The company wrote £17.4 million down, of which £16 million was said to


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Lisa Walls-Hester