Future Network was the best performer in yesterday’s media market, in which only four companies saw shares fall. Stock jumped 25.64% to finish at 49p an increase of 10p on the previous day.
Scottish Radio saw shares rise 3.34% yesterday to close at £8.50, after an encouraging set of interim results confirmed that the company had outperformed the rest of the radio market despite a dip in profits (see Scottish Radio Outperforms Market, But Profits Dip).
SMG managed a modest 0.72% rise in stock to finish at £1.39˝, after its subsidiary Pearl & Dean was awarded the four-year contract to sell advertising for UGC Cinemas across the UK and Ireland (see SMG’s Pearl & Dean Secures Cinema Ad Deal).
The closing prices of media company shares yesterday were:
