Sharewatch: Reuters Rises Above Expectations

Global financial information group, Reuters, was seen in the spotlight yesterday, up 6.18% after posting a drop of 8% in third quarter revenues, which beat analysts expectations.

ITV partners Carlton and Granada remained in focus after it was reported that Carlton’s director of strategy, Nick Markham, has been appointed to co-ordinate the broadcaster’s £4.5 billion integration with Granada to form a single ITV. Carlton was seen up 1.33%, while Granada was stable at 112p.

Meanwhile, Sir Martin Sorrell, chief executive of WPP has reportedly claimed that the group is ‘climbing further out of the recession’ that has weighed heavily on the media sector for the past two years.

Broader market sentiment was seen lifted by a series of positive earnings reports on Wall Street although trading volumes remained subdued.

The closing prices of media company shares on Monday were: