LONDON (ShareCast) - British newspaper group Trinity Mirror said its subsidiary company MGN has admitted liability in four cases of phone hacking.
MGN said the four individuals involved in the cases would receive compensation, while Trinity Mirror, which set aside £4m in July to cover the legal costs of dealing and resolving the claims, added that it had settled an additional six cases related to voicemail hacking.

"MGN has apologised to those individuals and agreed to pay compensation. The amount of that compensation will be assessed by the court if it cannot be agreed," it said in a statement on Wednesday.

Trinity Mirror's flagship publication, the Daily Mirror, was one of the main newspapers involved in the Leveson inquiry on journalistic malpractices and its former editor, Piers Morgan, was among those questioned in connection with allegations of phone hacking.

Trinity Mirror shares were stable at 181.75p at 10:31 on Wednesday.

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