By Jennifer Faull

Johnston Press is attempting to bring its £300m debt back to manageable levels with a rights issue set to be launched in the coming weeks.

The Telegraph reports that the newspaper group is looking to raise at least £75m from shareholders and is hoping the recent report of an increase in operating profits – the first in seven years – and digital revenue will encourage investors.

Additionally, shares have steadily risen in the past 12 months from 16p to, most recently, 26p with the likes of Standard Life and JP Morgan Asset Management subsequently raising their stakes.

The company owns Read full story ›

Source: The Drum