The main mover last week in the media industry was Pearson, which began the week on 692.5p and finished on 777.5p. This was as a result of the group’s better-than-expected interim results on Monday and chief executive Marjorie Scardino’s bullish statement that the company would double its value within five years.
Telewest Communications benefited from confirmation that it was in merger talks with NTL, adding 4p to 83p, while Flextech suffered due to rumours that its chief executive, Roger Luard, was to leave the company. It fell 17 to 636p though the satellite and cable programming company improved during the week to finish on 641p.
Meanwhile More Group rose during the week, starting off on 593.5p and finishing on 621.5p. This was initiated by a positive recommendation from NatWest.
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
