Pearson was the focus of much attention last week, reaching a high of 824p on Tuesday before falling to 799p by Friday. On Tuesday the rumour-mill predicted that the media group would sell its stake in BSkyB or its share in Lazards. This, together with positive reports from NatWest Securities, helped Pearson rise 25.5 to 824p while BSkyB slipped 1p to 464.5p. BSkyB was unable to recover its poise and slid during the week to finish on 447.5p while a lack of movement on Pearson’s side left the shares flagging for the rest of the week.
Meanwhile, rumours that Bill Gates may be interested in gaining a foothold in the digital TV market sent Carlton Communications Plc down 7 on Friday to 528.5p though Granada Group firmed 2p to 888.5p.
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