INM shares decline 5% on ODCE probe news

INM shares decline 5% on ODCE probe news, writes Eamon Quinn.

Shares in Independent News and Media (INM) closed 5% lower yesterday as analysts scrambled to assess the potential cost to INM following a High Court application by corporate watchdog, the Office of the Director of Corporate Enforcement (ODCE) to have an inspector appointed to investigate the media firm.