Sharewatch: Carlton Rises After Strong Results
Week on week analysis paints an unsettled picture of the media sector, which has seen a flurry of mixed financial results and signs of economic instability from across the Atlantic.
The sector’s biggest gain was experienced by Carlton, which was seen up 16.63% year on year after its first half financial results beat market expectations (see NewsLine).
Elsewhere, all eyes were on the radio sector, where Scottish Radio Holdings was seen up 5.22% week on week after confirming it had agreed to buy GWR’s 49% stake in their joint venture, Vibe Radio. The move follows the Competition Commission’s decision to block GWR’s proposed acquisition of Chrysalis-owned Galaxy 101 (see GWR Sells Vibe Following Competition Rebuttal). The stock was seen up 6.97%.
The closing prices of media company shares on Friday were:
