Trinity Mirror's share price continued its recovery today, rising by more than 20% on last night's close as investors regained confidence in the newspaper publisher after it rebutted negative comments in an analysts' note.

The company's share price was 73.25p at 15:40pm today, a rise of 21% or 12.75p on yesterday's close, after touching a high of 78.25p at 2pm.

Trinity Mirror's share price fightback follows a torrid 48 hours for the company, publisher of the Daily Mirror, Sunday Mirror and Liverpool Echo.

The company's share price tumbled to a low of 41.5p yesterday following the publication of a negative analyst note.

The note, from analyst Kaupthing, questioned the publisher's debt facilities and its ability to service the deficit on its sizeable pension scheme if market conditions continued to deteriorate.

Trinity Mirror put out a statement yesterday afternoon, after its share price hit a low of 41.25p at 9.30am after the analysts' note was quoted in the Times' market report, asserting that the publisher was not facing any difficulties with its debt facility or its pension scheme.

Following the publication of the statement yesterday Trinity Mirror's share price bounced back to close at 60.5p, up 5.75p or 10.5% for the day.

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