Trinity Mirror’s pre-tax profits grew by 1 per cent to £102.3m in 2014, despite revenue falling 4.1 per cent to £636.3m during the year.

The publisher set aside £12m for legal costs associated with “historic legal issues”, including phone-hacking, last year, and it said today there is “present uncertainty” about how much this could cost in the future.

According to the publisher’s annual results announcement today, it made £15m in structural cost savings during 2014 – £5m ahead of its target. A further £10m of cost savings are targeted this year.