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Media group, which is up for sale, sets aside nearly £280m to cover lending relating to current owners• Business live – latest updatesThe media group which owns the Daily Telegraph newspaper tumbled into the red last year after it set aside nearly £280m to cover loans made to the Barclay family which may not be repaid.The group said that, despite a resilient financial performance, it had made losses of £244.6m in 2023 – against profits of £33.3m in the previous year – due to the provision. Continue reading…
Media group, which is up for sale, sets aside nearly £280m to cover lending relating to current owners
• Business live – latest updates
The media group which owns the Daily Telegraph newspaper tumbled into the red last year after it set aside nearly £280m to cover loans made to the Barclay family which may not be repaid.
The group said that, despite a resilient financial performance, it had made losses of £244.6m in 2023 – against profits of £33.3m in the previous year – due to the provision.
