Sharewatch: Emap Falls On Negative Sentiment

Emap was seen in focus yesterday, down 2.23%, as negative sentiment weighed on the company, which recently made a number of redundancies in its digital department.

Elsewhere, Pearson was seen in the spotlight, down 2.02%, after revealing its first half revenues fell by 3%, partly as a result of continuing weak advertising conditions (see Pearson Revenues Drop As Ad Bite Continues At FT).

Broader market sentiment was mixed yesterday as illicit corporate behaviour once again cast its shadow over the market, with the news that a US inquiry has attacked Barclays bank for its role in the Enron debacle, which crippled the markets.

Despite bearishness on Wall Street, London stocks inched higher after some positive results from blue chip companies.

The closing prices of media company shares on Monday were: