Trinity Mirror remains cautious
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Newspaper publisher Trinity Mirror said the advertising environment remains difficult and volatile as it posts a 3.1% decline in advertising.
"The outlook for the UK economy remains uncertain with the ongoing adverse implications of inflationary cost pressures," Trinity said in a company update.
"Given this uncertain economic outlook for the UK we remain cautious about trading prospects," it added.
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Group revenue for the first 17 weeks of the year rose 0.3% although ads fell 3.1% and circulation dropped 1.2%.
However Trinity, which owns the Daily Mirror, said it remained on track to deliver £7m of cost savings by the end of 2008.
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