Sharewatch: ITV Partners In Focus Ahead Of Results

ITV partners Carlton and Granada were seen in focus, up 1.95% and 0.64% respectively, ahead of today’s results.

Granada today revealed that the merger of the two groups could generate cost savings of £100m, nearly double analysts estimates.

Elsewhere the Wireless Group continued to climb, following a strong set of results earlier this week (see Positive Outlook From Wireless Group And UBC).

Broader market sentiment was stunted yesterday as analysts forecast that growth in the fourth quarter may well be subdued. Wall Street remained subdued as dollar weakness continued to erode bullish sentiment.

The closing prices of media company shares on Tuesday were: