Sharewatch – W/E 20/06/97

BSkyB’s shares suffered two severe blows last week. It lost both its chief executive, Sam Chisholm and its managing director, David Chance. To add to its difficulties news leaked out that the ITC had suggested that the broadcaster drops out of the British Digital Broadcasting consortium *BSkyB Share Price Plummets. Shares in BSkyB fell to 497.5p at the close of trading on Friday; the company lost 98.5p week-on-week. Some analysts are predicting a long-term recovery period and reports of further boardroom rifts suggests that the price may fall yet further.

The news that Mirror Group was talking to Midland Independent Newspapers about a making a possible bid for the company, sent MIN’s shares soaring to 176.5p at Friday’s close, it opened last week at 149p *Mirror In Talks With Midland. Mirror Group did not fare so well from the discussions, it opened the week at 208.5p and closed at 194p.

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