Sharewatch: BSkyB Dips After News Of Price Plan Change
BSkyB was seen in focus yesterday, dipping 1.04% to close at 661˝p despite reports the satellite broadcaster is planning to restructure its pricing scheme in an attempt to increase the number of people buying its Sky Plus service and boost its revenue per user figures (see BSkyB Restructures Pricing Scheme To Boost Sky Plus).
SMG was also in the spotlight with stock falling 0.49% to finish at 101˝p. The group recently launched a new cross-media advertising platform to provide clients with tailored solutions across its television, radio, cinema outdoor and online properties (see SMG Launches New Cross Media Sales Division).
At the other end of the scale, beleaguered cable group, Telewest, experienced a 10% increase to 2žp, in what was the best media performance of the day.
Broader market sentiment was cheered yesterday after London’s blue-chip FTSE 100 closed at its highest level since 27 August last year following positive economic data and favourable corporate comment.
The closing prices of media company shares on Monday were:
