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Charterhouse Communications, publisher of consumer and B2B finance news websites, has suspended trading in its shares .

The publisher, which counts whatmortgage.co.uk and homebuying.co.uk amongst its titles, called for a suspension in trading on the AIM market of the London Stock Exchange yesterday pending confirmation of the company’s funding.

A statement issued by the company said it anticipated providing a full update to the market in due course.

Shares in the company dropped over 33 per cent as it issued a profits warning last month , blaming falling advertising in the mortgage sector for the downturn.

Publisher Centaur also cited uncertainty in the financial markets as a reason for it closing two mortgage magazines last month, converting them into online only editions.

Anna Ruddock, publisher of Centaur's Mortgage Distributor and Loan Distributor, told Journalism.co.uk the state of the industry necessitated consolidation of these magazines into web-only platforms.

No-one from Charterhouse was available at the time of publication to comment on yesterday's announcement.

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Written by

Laura Oliver
Laura Oliver
Laura Oliver is a freelance journalist, a contributor to the Reuters Institute for the Study of Journalism, co-founder of The Society of Freelance Journalists and the former editor of Journalism.co.uk (prior to it becoming JournalismUK)

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