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Sharewatch: Carlton Rises As Merger Moves On
Carlton was seen up yesterday as investors considered the likely cost-savings of its planned merger. The stock was seen up 1.94%.
Elsewhere, investors considered reports that US media giant Viacom is planning to offload Blockbuster, its video rental chain, to a group of private equity buyers.
Broader market sentiment was further boosted by further economic data which pointed to renewed strength in the US recovery. However, continued weakness in the dollar continues to unsettle the market as the currency reached record lows against the Euro.
The closing prices of media company shares on Tuesday were:
