Sharewatch: Capital Seen In Focus Following RAJARs

The radio sector was seen in focus yesterday following the publication of the latest RAJAR listening figures for the first quarter of 2004. Capital saw shares slip by 1.91% following a slight loss of market share at its flagship London station, Chrysalis fell by 4.33% and Emap was down 1.73% (see Capital Confirms Tarrant Is To Leave Breakfast Show).

Meanwhile, Trinity Mirror saw shares hold firm yesterday after revealing that advertising revenues rose by nearly 5% during the first four months of 2004, reflecting an improving trend in advertising conditions (see Trinity Mirror Ad Revenues Up 5% As Conditions Improve).

WPP dipped by 1.58% to 560p yesterday. Last week the advertising giant announced an increase in revenues for quarter one 2004 of nearly 6%. The rise gives the company a welcome boost, pushing revenues up to £960 million and marking the third consecutive quarter increase for the Group, which includes a 12% rise to UK revenue (see WPP Upbeat As Revenues Continue To Rise).

The closing prices of media company shares on Thursday were:

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