Sharewatch: Emap Rises Ahead Of Healthy Results

Publishing giant Emap saw a rise yesterday, climbing by 0.24% to close at 846p ahead of full year results this morning showing a pre-tax profit of £196 million for the year ending March 31, up by 12% on 2003. Turnover at the magazine and radio heavyweight also increased by 9% to £1.05 billion.

Elsewhere, ITV saw a 0.63% rise as the Euro 2004 football tournament approaches. Earlier this month ITV Sales reported high demand for commercial spots during its coverage of the event, signposting a bumper summer season for the broadcaster (see ITV Sees Revenue Surge As Euro 2004 Approaches).

Rival broadcaster BSkyB remained steady as the company announced a launch date for salvaged horseracing channel, Attheraces (see At The Races Sets Date For Channel Relaunch).

The FTSE 100 closed down by almost 1% yesterday at 4,428.9 while the FTSE 250 fared slightly better, managing a meagre 0.1% rise to 6,001.9.

The closing prices of media company shares on Monday were:

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