The worst performer on yesterday’s FTSE 250 index was Capital Radio, which had its earnings forecast downgraded by UBS Warburg ahead of a trading statement to be released today. Shares fell a hefty £1.05, or over 10% to end at £9.10. SMG was also downgraded, leading shares to fall 4p to £2.01.
Elsewhere, there was some evidence of returning confidence in TMT stocks, with Telewest rising 8p to £1.24 and Bright Station jumping 1¾p to 24½p, an increase of over 7.5%.
The closing prices of media company shares yesterday were:
