Scottish Radio was one of the best performers on the FTSE yesterday, climbing £1.02˝ to £17.05 as a sale of the group appeared imminent following a further raid on its shares by SMG (see SRH Confirms Interest From A “Number” Of Parties). SMG slipped 2p to 274p, however, as the existence of other suitors emerged.
Reuters group was hit badly as its Tibco Software division floundered. The group also announced a change of plan for its retail online broking product, Instinet.com. The division will now be marketed on a private-label basis, rather than under its own brand following a downturn in the online broking sector. Shares fell 76p to £11.92.
The closing prices of media company shares yesterday were:
