Operating profit at regional newspaper publisher Johnston Press fell 25.7 per cent in the first six months of 2011 to £32.6m despite the company cutting costs by 5 per cent. Turnover was down 7.5 per cent to £191.8m during the same period with advertising revenue down 10 per cent. Profit before tax was nearly halved - falling from £26.1m to £13.8m. Losses in Scotland and the north of England were greater than in the South and Midlands, while the company said that the Republic of Ireland – where print advertising was down 18.2 pent cent – continued to be … [Read more...]
Zoopla is to replace Johnston’s (owners of the Scotsman) in-house property web site via a partnership deal
August 25, 2011 By Leave a Comment
Reasons to be cheerful about the UK housing market part one,two but sadly not three!
July 20, 2011 By Leave a Comment
As the firestorm of European peripheral debt worries circle Europe and further afield we see continuing debt ceiling worries in the United States there are also questions about the UK economy. If we look back we see that the last quarter of 2010 and the first quarter of 2011 offset each other by one falling by the same amount as the other rose so we had no economic growth at all. Looking forward there are concerns for the economic growth figures for the second quarter too as for example the National Institute for Economic and Social Research has already produced its monthly flash estimate … [Read more...]
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