The market reacted cautiously to last Wednesday’s news that Carlton had bought Rank for £65m. The ITV broadcaster initially rose 3.5 to 519.5p, but then fell on Thursday and Friday to reach 511p by the end of the week.
Reuters suffered last week when it dropped to its lowest level for twelve months on Tuesday. The drop of 22.5p to 596.5p was due to a strong pound and increasing competition from other information providers. It was bolstered on Friday however, with rumours that it was considering joining an American TV audience research company. Shares rose 12p to 588.5p.
News on Tuesday that BSkyB was still seeking a backer to help subsidise the price of its digital set-top boxes sent the satellite broadcaster down 9p to 604.5p. It made up the ground up during the remainder of the week, when it finished at 616p on Friday.
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