Sharewatch: Carlton And Granada Rise On Apax Rumours

ITV partners, Carlton and Granada, were both seen recovering after yesterday’s losses, market watchers cited continued rumours of Apax Partners putting in a bid for parts of the companies ahead of their planned merger (see Venture Capitalists Eye Carlton And Granada). The stocks were seen up 0.32% and 0.48% respectively.

WPP was also seen in focus, extending losses by 2.06% as advertising groups continue to suffer on continued fears of a US-led attack against Iraq.

Elsewhere, investors considered reports that the chief executive of Vivendi Universal has confirmed talks about selling its entertainment division to Viacom.

The closing prices of media company shares on Thursday were: