Sharewatch: Carlton And Granada Rise On Positive Noise
Carlton and Granada were seen under pressure yesterday after Deutsche Bank downgraded their stocks to hold, citing the revised £100 million savings target which it considered to be priced in. The stocks fell 1.27% and 2.17% respectively on heavy trading after reaching year highs on Wednesday.
Shareholders in Conrad Black’s Hollinger International are reportedly “next to certain” to file a lawsuit againts the company next week as pressures mount at the Daily Telegraph’s parent group.
Broader market sentiment remained shaky yesterday as weakness in the dollar, concerns abour the US current account deficit and continued geopolitical uncertainty weighed heavily on the market. Wall Street was closed for the thanksgiving holiday.
The closing prices of media company shares on Thursday were:
