INM benefits from Indie sale

Independent News & Media, the Irish based company which sold its flagship Independent newspaper to Russian ex-KGB man Alexander Lebedev earlier this month, has seen a renewed interest in its shares since it parted with the loss making paper. Based on a positive report by Deutsche Bank its share price has risen from its historic low of €11.2 cents to close at €12.7 cents yesterday. Lebedev will choose an editor for the paper after the General Election.