The owner of the Daily Mail and Mail on Sunday delivered a 10% rise in annual profits today, but said advertising revenues had slipped back into the red at its national newspaper titles.

The publisher of the Daily Mail and Mail on Sunday today said it had slashed its UK regional newspaper workforce by another 8% as revenues and circulation continued to fall.

The publisher of the Daily Mail newspaper reported a 23% plunge in annual profits today, but said its flagship title had the second best year in its history.