Sharewatch: Emap Falls On Negative Comments
Emap was seen in the spotlight, down 4.26%, following a mixed trading statement yesterday. The group is forecasting a 3% increase in revenues when first-half results are issued in November but claims that it is premature to suggest that market conditions are improving.
BSkyB remained in the spotlight, recovering by 2.82% on positive comments, following news Tony Ball is to step down as chief executive after four years at the helm of the satellite broadcaster (see BSkyB Confirms Ball To Step Down As Chief Executive).
However, reports suggest that two BSkyB directors have been summoned to an emergency investors meeting amid growing shareholder concern that Rupert Murdoch wants to install his son James as chief executive of BSkyB.
Broader market sentiment remained mixed yesterday as the dollar continued to slide.
The closing prices of media company shares on Tuesday were:
