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

IDS responds to Juncker’s pints analogy earlier:

“Mr Juncker knows a little bit more about the bar than perhaps many of us do.”

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