Sharewatch: Cordiant Rises On Acquisition Speculation

Beleaguered advertising group Cordiant was once again in focus, up 12.90% yesterday, following reports it is looking to extend its deal with French media giant Publicis, beyond the joint ownership of media buying company Zenith Optimedia.

Elsewhere, United Business Media rose 12.29% after a positive AGM and some encouraging comments from brokers.

Broader market sentiment was cheered yesterday, despite a string of weak economic data in the US.

The closing prices of media company shares on Thursday were: