18.02.03

Sharewatch: Reuters Falls On Weak Q4 Earnings

Reuters was the market’s big story yesterday after posting a pre-tax loss of £493 million in its fourth quarter financial results (see Reuters Chief Sees No Signs Of Recovery As Losses Soar). The figures prompted a sell-off and the stock was seen down 11.73%.

WPP was also in focus, ahead of its results next Monday. The stock was seen up 4.73%.

Investors also considered market rumours that BSkyB is being tipped to have its credit ratings upgraded, the stock was seen up 1.33%.

The closing prices of media company shares on Tuesday were: