Sharewatch: BSkyB Boosted As Winter Schedule Announced
Satellite superpower BSkyB saw one of the largest rises week on week, climbing by 2.65% to close at 570žp in the week that the broadcaster unveiled its new winter schedule.
The company is banking on a season of high-profile drama and documentary programmes to boost its flagging subscriber figures in the run up to Christmas, despite warnings from high street retailers that this year’s spending on consumer electronics may be lower than expected (see Sky One Unveils Dramatic Winter Schedule).
Elsewhere Capital Radio saw its stock rise by 2.60% week on week, closing at 404źp on Friday. The company recently announced a 4% increase in revenue to £199.9 million, while group profit rose by 4% to £23.7 million for the last year, but warned that the advertising market has shown signs of slowing in the last few months (see Capital Remains Cautious Despite Healthy Profits).
Daily Mail & General Trust saw its share price slip by 1.23% last week, despite announcing increases in profit and significant growth in all aspects of the company. The group echoed the warnings of Capital, stating that the regional advertising market had shown signs of slowing recently, with prices of newsprint also likely to rise in 2005 (see DMGT Reveals Profits And Forecasts Continued Growth).
The closing prices of media company shares on Friday were:
