Mirror, Mirror on the Fall

As speculation matures into full-blown witness statements and accusations, Trinity Mirror have called in the law firm Herbert Smith and launched an investigation into phone-hacking across its titles. Until now there have been only present tense denials of such actions.

One shareholder told the FT they expected “nothing less” than an investigation, but it hasn’t come in time to stop the company’s share price going into free fall, with a 9.8% plummet on Monday since Guido, swiftly followed by the BBC, and grudgingly some other papers, began lifting the lid. He’s not sure a mere review is going to do much to reassure investors…




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Quote of the Day

Heather Wheeler talks to Burton Mail about her tweet…

“It was a tongue in cheek pop after the European Parliament tweet – it was purely that. I also wanted to congratulate Team GB on a brilliant result and thirdly congratulate the Commonwealth countries who also did very well. Fourth, I am also looking forwarded to establishing new trade agreements. That was it – nothing more. Let’s just enjoy the summer!”

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