Sharewatch: Wireless Group Boosted By Positive Results

The Wireless Group was seen in focus yesterday with shares rising by an impressive 11.46% after the group announced that revenues have risen by 24% during September, October and November, with the company’s flagship talkSPORT jumping by 28%, 42% and 38% respectively (see Positive Outlook From Wireless Group And UBC).

UBC was also in the spotlight, rising 0.71% after revealing that advertising revenues have shown a marked improvement in the last few months of its first half. However, it claims that trading conditions remain challenging despite a stronger performance since September (see Positive Outlook From Wireless Group And UBC).

Broader market sentiment was cheered as London blue chips recorded their strongest daily gain for seven weeks in the belief that last week’s sell-off was overdone. The FTSE 100 rose by 4.5% to close at

The closing prices of media company shares on Monday were: