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Sharewatch: Emap Rises On Positive Sentiment
Emap was seen in the spotlight yesterday, up 2.09% on positive sentiment, benefiting from the broader market rally.
Elsewhere, Cable and Wireless was seen up 4.55% amid reports that it is in negotiations to sell its loss making US arm to management.
Pan-European broadcaster, RTL, was also in focus after reporting a 40% increase in profits for the first six months of 2003 amid growing optimism about the state of the advertising economy (see Positive First Half For RTL And Five).
Broader market sentiment was boosted by a rally in technology stocks as analysts predicted the long-awaited economic recovery would finally boost spending in the troubled sector.
The closing prices of media company shares on Wednesday were:
