SMG saw shares rise 3.13% yesterday to close at £1.48˝, despite revealing in its year end results that pre-tax profits fell by 39.0% to £36.0 million in the twelve months to 31 December 2001 (see SMG Profits Hit By Ad Downturn).
Telewest also performed well yesterday, with shares rising 15.63% to finish at 9ź, in what was the best media performance of the day.
At the other end of the scale Reuters saw stock slide 3.28% to close at £5.30˝p, a loss of 18p on the day before.
The closing prices of media company shares yesterday were:
