Mirror Shares Crash Over Piers Hacking Claims
Trinity Mirror’s share price has crashed 12.5% this morning. It closed at 72p yesterday, opening at 65p when it was revealed overnight that the Mirror‘s publishers faced legal action over phone-hacking allegations, dropping again to 62p as the morning went on. £18 million was wiped from the value of the company. And there is more to come…
UPDATE: Trinity Mirror has a market capitalisation of £163 million, the group already has a pension fund deficit estimated to be £159.5 million, almost equal to the struggling media firm’s market capitalisation. Given News International has paid out some £200 million in hacking legal costs already the actual solvency of the firm could be in danger if claims mount up. Murdoch could afford to take the hit, Morgan’s old mates can’t…
Any comment from Twatson yet?
There won’t be any comment from Twatson as this is a Labour paper. Twatson was only interested in his rentboys and attacking Murdoch.
No, the rent boys was bryant, tw@tson was the pies.
Uncork a bottle Guido and enjoy the day.
He is probably on his 2nd bottle already as it is 11.00am
the ones whom society has given the greatest freedom set the scene. and it is their misdemeanours that are truely worthy of of note. In this context, Morgan is second rate.
Rejoice!
Blimey my time has come early this year
Can’t wait for more revelations. Piss Moron is in deep shit, I hope!
Roll on the Toilets revelations!
With ay luck Maguire will be reduced to living in one
It has certainly taken a long time for this to happen.
Interesting that the BBC, mired in its own corrupt practices, did not defend their ally in the Labour supporting Mirror group.
They, as well as we, knew that this would come as we all believe that Morgan and the Mirror was more into phone hacking than even the NOTW.
Dilemma for the Beeb is to promote a negative story of a political ally to take the heat off themselves. The BBC senior management and editors must be all praying for an anti-Conservative story.
Mirror mirror on the wall
Who’s the skintest of them all?
Piers Morgan a person who definetly has the eX factor !
The X hacker more like.
I have him in my crosshairs.
Pulls up chair – BBC and Moron in the dock…. luuvverly …. Salem for the 21st century – these twats reaping the whirlwind they sowed
But left wingers are so more moral and intelligent than than other people. There must be some mistake. Are you quite sure that Thatcher didn’t do this ?
Great start to the day . If the mirror goes, guardian already failing financially – beeb nearly down and out – there’ll be absolutely no leftwing mouthpiece for labours lies.
What joy!
Too much to hope.
Good grief, we are still in the field.
Piers Morgan may need to return to the UK to give evidence. A spokesperson from CNN could barely suppress their relief.
“CNN could barely suppress their relief.”
…and shares in that company breathed a sigh of relief that Piers has been found out at last to be the ultimate “empty vessel”
Good job he found that daft (but rich) tory wife to stick by him.
But will she visit him in Strange Ways?
Sven had it coming. Frequently.
Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha
Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ………………………………………………
………you would need a heart of stone not to laugh your bollocks off.
This will be popcornworthy, as various sanctimonious ‘we hold others to accounters’ currently throwing each other to the wolves weigh up which diversionary strategy will best serve.
Savile still pretty much top of news, so the BBC has a tantalising Levenson inquiry bit of chump to throw in to move the internal cannibalism elsewhere, though still ‘family’. And while the focus was easy to shine last time… not so much this with nibbles on other fronts needing defending.
Mob rules I guess. It’s only business.
Buy at 50p!!
Tom Watson cannot comment as his sleep has been disturbed by a large custard domed blackhead on his back
So that’s where Diane Abbot was last night…
I hope Trinity Group ask Piers Morgan to pay for their drop in share value. Enormous fun to see him the dock, he should have done time over the false pictures of British soldiers ‘torturing’ Iraquis and for insider dealing.
If he did not see this coming he is not much good at share tipping either, is he!
Mirror – toast, Morgan – melba toast.
Mirror, mirror on the wall, who is the most corrupt of us all?
No lack of unwilling suspects heh.
Just come out that Entwhistle tried to make Rippon the scapegoat – does he not realise how stupid this could prove?
Time to get the cross hairs out Guido!
Has anybody heard Messrs Watson and Bryant on the airwaves yet?
Will the left demand an enquiry as to whether Trinity Mirror is fit and proper?
Will the BBC be so rabid this time round?
I doubt it, I doubt it very much.
The Beeb might – just to get Savile off the front page.
Flo, open a bottle of stout. Someone’s ‘avin’ a go at Piers at last
Time to see him down on all fours with Slippery Sly sticking a feather duster up his bum.
Except of course for Piers that will be a pleasure instead of punishment!
smarmy tw*t. hope he drowns in his own grease.
How many BBC journalists are going through the situations vacant in the Guardian this morning?
Mirror journalists as well.
Get new lawyers whilst they are at it – current ones not up to much if they get f**ked over by Frankie Boyle.
Where are the voices of Watson, Bryant, Coogan, Grant et al. No money in it for them? Hypocrisy because the Mirror is a labour rag.
Watson you really are scum.
BBC…Mirror…. come on Guardian let’s go for the hat-trick of evil.
Labour, one nation hypocrites.
I am in full agreement that this institutional corruption must stop and when I get into power I will enforce a new anti-corruption act.
Anyone know when the next bandwagon is due?
Oh happy days…… The Saintly Mirror, the Guardian of the dumbed down lefties, how the mighty are falling hahahahahahahahahahaha
I feel sooooo sorry for the sand dancing Kevin Maguire……… not
Where is good old “Bob” Maxwell when you need him.
Floating around perhaps?
No bobbing
Mirror, mirror, on the wall,
When are you and the BBC going to fall.
I do believe I have said it before, but NEVER trust a man who has a permanently sweaty top lip, which when he speaks combines tightly with the lower lip to form a perfect anus. Just watch when Piers is lying (ie speaking)
Don’t be such an idiot. The cost of paying off the pension fund deficit is already factored into the share price/market cap.
It will be now.
Hahaha…where’s Jimmy when you want a smart arse comment?
combination of uncle and rupe suggest that murdoch is a benevelont father figure?
a father of the nation. Interesting that an australian by birth is seen as a father figure by some in this country.
In any case what is wrong with our own fathers?
According to some bint in the last thread, they are all raypisseds.
The pension fund deficit is more than covered by the freehold property portfolio.
I hate the Mirror’s views but this company is not going bust anytime soon.
This guy’s blog covers TNI in some detail http://paulypilot.blogspot.co.uk/
Hahahahahahahaha Hahahahahahahaha Hahahahahahahaha Hahahahahahahaha Hahahahahahahaha
one may partake in a wee dram today
Not in , of.
Wonder if Piers had some insider information and had shorted Mirror group shares?
when the phone hacking reveltions first came out, and the BBC and guardian pointed the finger, I said that given the nature I bet they were all at it. I hate to be a smartarse but i was proved right so all this gloating by the guardian and bbc was premature.
I have also on this blog said that the jimmy saville relelations would prove to be uncomfortable for a lot of senior executives at the BBC. All we need know is for a senior executive to provide solid evidence of a peado ring at the BBC. It would take too much knowledge for someone to at the time set up a secret camera to record this. If the plod arrest a few senior bbc employees they might fimd someone willing to provide solid evidence to mitigate jail time, also given the guardian close links it could be problematic.
We claim 5th Ammendment.
Where is Moussa Kousa?
Don’t say he is a beeboid and now resting?
Just ‘emigrated’ to Qatar before he gets his collar felt.
Those who think that hacking is just connected to NOtW need to GET REAL! Deluded arsewipes!
do you think the yanks will extradite him……
Ha ha, plus losing out in court and having to cough up some dosh to Frankie yesterday. Things can only get better, can only get better.
I have listened to the BBC headlines most of the day this seems to be non-story ! Surprise, Surprise as Cilla would say.
If you actually buying to get looks they are nice. I picked up them for my significant other and your woman loves them all. Audio wise they may be not the top but are nevertheless better as compared with those white earbuds. They moreover get attractive loud. Will harm your head after a couple of hours though.