Trinity Mirror stock tumbles as it is pulled into hacking scandal

SHARES in Trinity Mirror slumped yesterday as the newspaper publisher became embroiled in the phone hacking scandal that has cost News International hundreds of millions of pounds.

Trinity Mirror – which publishes the Daily and Sunday Mirror titles and the People newspaper – saw shares fall more than 10 per cent after it was alleged that the company had hacked into four high-profile people’s voicemails.

Former England football manager Sven-Goran Eriksson; Coronation Street actress Shona Gulati; Abbie Gibson, who was a nanny for the Beckhams; and ex-Blackburn Rovers captain Garry Flitcroft have filed the papers, and are represented by Mark Lewis at Taylor Hampton Solicitors.

The news is a blow for the firm, which is undergoing a cost-cutting drive under new chief Simon Fox.

Any revelations could also reflect badly on former Daily Mirror editor Piers Morgan, who explicitly denied any involvement in using illicit methods to the Leveson inquiry earlier this year.

“The claims will weigh on the shares, in part because many had assumed the subject was fading away as an issue,” N+1 Singer said.

Trinity Mirror did not comment except to say it had not yet received the claims.