Media Stocks saw little movement in Wednesday’s subdued session as the city paid it’s respects to colleagues lost on September 11th.
Most traders were reluctant to engage in any aggressive trading activities on such a poignant day. Five thousand brokers and underwriters attended a service at Lloyds of London.
On the corporate newsfront the Barclay Brothers, owners of the Scotsman newspapers, would not be accepted as bidders for SMG’s Herald titles according to market sources and competition lawyers. SMG is hoping to get £200m for the titles. The stock extended gains by 3.28%.
The closing prices of media company shares on Wednesday were:
