Sharewatch: GWR Boosted By Increase In Radio Revenue

GWR was seen in focus yesterday with shares rising by 1.69% after announcing that radio revenues grew by 12% year on year during the three months to the end of December 2003 (see GWR Group Sees 12% Revenue Rise In Q1).

Rival radio group Chrysalis saw shares dip by 0.81% despite revealing earlier this week that revenues jumped by 19% year on year during the five months since September 2003. Capital was seen down by 0.63% and Scottish Radio dipped by 0.60% (see Rival Radio Groups Report Positive Outlook).

Meanwhile, BSkyB rose by 1.29% following news that chief executive, James Murdoch, is next week expected to unveil the date for the resumption of dividend payments by the satellite broadcaster after a gap of five years.

London blue chips dipped yesterday as weakness in the oil sector built on disappointing data from the US. The FTSE 100 closed 0.3% lower at 4,384.4, although the FTSE 250 added 0.6% to close at 6,046.3.

The closing prices of media company shares on Thursday were: