News shares hit year high

SHARES in Irish Independent owners Independent News & Media (IN&M) were downgraded yesterday to a hold from a buy by Dolmen Securities as the shares hit a year high price of €2.08.

The shares hit a low of €1.18 in March after opening the year at €2.06 but steadily improved as the company recapitalised to break the €2 price target set by Dolmen.

The shares closed at €2.06 last night.