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Its shares jumped nearly 6 per cent to 188.75p as investors welcomed the group’s promise that it would pay a dividend for the first time in six years as its financial health improves.
The owner of the Daily Mirror, Sunday Mirror and The People said it was setting aside £4m for “dealing with and resolving historical legal issues” related to hacking allegations.
Asked if Trinity Mirror had settled any case of alleged illegal behaviour, Simon Fox, the chief executive, said: “We absolutely haven’t made any decisions about whether ‘resolving’ involves settling.
Nor does that wording rule it out.”Analysts at Barclays said the £4m figure was “somewhat reassuring – given that the market was previously free to speculate on the risk of a very large total exposure”.
Trinity faces about 17 civil cases brought by individuals that relate to hacking.
Mr Fox declined to comment on the outcome of the recent News of the World trial, in which the former editor Andy Coulson and other journalists were convicted of offences related to phone hacking.
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We help media brands, affiliates and entrepreneurs effortlessly create their own online dating site or network. Vanessa told her she can't blame herself and Toff said: "This is it and the confidence was knocked so much and it happened so soon before I came in here." It was just a few days before she left for the jungle when her relationship broke down.Trinity Mirror has taken a £4m hit because of legal bills associated with the investigation into phone-hacking at the red-top newspaper group, though there was relief that the financial cost was not higher.He hopes to increase the dividend to 5p next year and added financial flexibility meant that it could consider acquisitions.Vijay Vaghela, group finance director since 2003 when previous boss Sly Bailey was in charge, hailed “a significant turnaround” after the group ran up big debts and deferred payments into its pension scheme.Georgia Toffolo has found love after the heartbreak which marred the first few days of her I'm A Celebrity stint.Tags: Adult Dating, affair dating, sex dating