UK flag US flag FR flag BE flag
|

Sharewatch W/E 18/10/96

Sharewatch W/E 18/10/96

United News & Media put in a strong performance on Tuesday when it announced its £592m purchase of exhibition group Blenheim, rising 40 to 693.5p.

BSkyB also rose reasonably steadily throughout the week.. On Monday it advanced 8.5 to 658.5p on speculation that DFI, the German pay TV channel was about to buy a 5% stake. An upbeat trading statement from News Corporation, which owns 40% of BSkyB, on Tuesday meant that stock continued to rise, strengthening 18 to reach 676.5p

Television Market Share Prices W/E 18/10/96

w/e 18/10/96 Monday Tuesday Wednesday Thursday Friday
Carlton 503 511.5 509.5 510 520.5
Granada 880 885 892 888.5 887
YTT TV 1205 1205 1215 1217.5 1217.5
HTV 327.5 366.5 379 378 386.5
STV 777.5 777.5 799.5 797.5 795.5
BSkyB 658.5 676.5 664.5 673.5 691
Border 285 286 283.5 283.5 284

Some renewed bid speculation meant both HTV and YTT-TV rose throughout the week, with HTV reaching 386.5p and Yorkshire 1217.5p.

Pearson’s price initially fell on Thursday with the announcement of a new top management team *Twivy Issues Writ Against Dorlands, though this was clawed back throughout the day so that the media and entertainment group finished 12p up at 688.5p.

* MediaTel subscribers only

Media Jobs