Yesterday was another gloomy day for media companies after lack of investor confidence brought the FTSE 100 down to its lowest level for six years. Cordiant and SMG suffered the most significant losses. The former slipped 9.44% to close at 67p and the latter dropped 7.98% to finish at £109˝, a loss of 9˝p on the day before.
RTL was one of only a handful of media companies to escape yesterday’s downward trend. Shares rose 19.55% to close at £25.22, an increase of £4.12 on the previous day.
Chrysalis managed a modest rise, with stock climbing 1.39% yesterday to finish at £1.82, up 2˝p on the day before.
The closing prices of media company shares yesterday were:
