DMGT Rises On Positive Sentiment
DMGT was seen buoyed by positive market sentiment, up 1.48% as positive economic data encouraged traders.
Elsewhere outdoor advertising group, JCDecaux, reported a 2.7% fall in the third quarter profits, as conditions in Europe remained weak. However, the company is seeing some signs of an advertising recovery in the US. This is in line with first half comments made in September (see JCDecaux Revenues Dip In Q3 As Europe Remains Tough).
Broader market sentiment was lifted by surprisingly strong third quarter US growth data and European markets approached their highest levels for the year. Economists have pointed to a big boost in capital spending as further evidence the economic recovery is well underway.
The closing prices of media company shares on Thursday were:
