Cost cutting Mr Desmond has embarked on a savage cost-cutting programme since taking over the Express titles. It emerged on Wednesday that staff at the former Express websites believe they will not receive any redundancy pay after the sites were put into liquidation. The websites were sold with the Express newspapers. But since then SP Investments, a vehicle set up by Seymour Pierce Stockbrokers, bought the websites for 1, with the purpose of finding a buyer for the businesses. There will be a meeting with creditors on 19 January, joint liquidator Patrick Wadsted of HLB Kidsons, said.
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