Some Googling came up with this profile of Walter Tracy, who designed a couple of fonts for the Daily Telegraph. 'Telegraph Modern' and 'Telegraph Newface' are both mentioned, but not linked (not Linotype faces, and maybe not commercially available -- I haven't looked for them yet, but I will.)

Some other information I found made it sound as if Linotype Modern = Modern 880 = Telegraph Modern, but it is not identical to your sample. There are similarities, so I'd guess it is some variant of a Modern.

Thanks for your help. much appreciated.

Yes I agree that this may be a varient that is not available commercially.

John