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The Guardian - UK

Roy Greenslade

Johnston Press hit by bear raiders

Further to my posting about Johnston Press, the company yesterday suffered a bear raid that saw its share price fall to a nine-year low of 169.5p. This followed "talk" that it could breach its banking covenants if the advertising market slows sharply. Analysts quoted by the Financial Times thought the concerns overblown. Update 5.30pm: Closing price was 155.75.

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