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Sharewatch: WPP Rises On Positive Results
Global advertising group WPP was seen in focus yesterday, up 3.13% after reporting that quarterly revenues had broken through the £1 billion mark for the first time in the three months to September 2003 (see WPP Enjoys Healthy Third Quarter).
Elsewhere, Carlton was seen up 2.63% after it was reported that a senior executive at the group has been appointed to oversee the company’s £4.5 billion integration with Granada to create a single ITV company (see Senior Carlton Executive To Oversee ITV Integration).
Broader market sentiment was seen lifted by an uplift in merger and acquisition activity on Wall Street and an uplift in US durable goods orders.
The closing prices of media company shares on Tuesday were:
