Yorkshire Post and Scotsman publisher says full-year profits will be down by around 5.5%, blaming destitute trading due to uncertainty around general electionShares in the Yorkshire Post and Scotsman publisher Johnston Press own plunged as it warned that profits would be cut. The company blamed destitute trading around the general election as firms appeared to hedge their bets.
The Edinburgh-based firm said full-year profits would be down by around 5.5% and half year profits by around 5% after it saw a fall in advertising revenues and circulation sales in the 26 weeks to 4 July this year.
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Source: theguardian.com