Sharewatch: Trinity Mirror Rises Despite Analyst Concerns
Trinity Mirror was seen in focus up 1.36% after it emerged that managing director of national newspapers, Mark Haysom, is leaving the company (see Trinity Mirror Loses Head Of National Newspapers). Analysts at JP Morgan claim that Haysom’s departure may reflect a change in the group’s national newspaper strategy.
Elsewhere key media stocks were seen under pressure on widespread fears that economic recovery could remain elusive. Advertising powerhouse WPP was seen down 4.64%.
Business information group, United Business Media was also seen under pressure as analysts warned of the possible consequences of the SARS virus which has effectively immobilised the group’s business operations in the Middle East. The stock was seen down 6.22%.
BSkyB was also in the spotlight after News Corp bosses moved to quash speculation that the broadcaster’s chief executive, Tony Ball, would take control of DirecTV.
The closing prices of media company shares on Thursday were:
