|
Sharewatch: Wireless Group Rises On Positive Results
Week on week analysis of the media sector brought good news to the Wireless Group, which rose 14.01%. The stock was boosted by positive results as the group revealed a 24% rise in revenues 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).
Elsewhere, BSkyB continued to drop, down 0.74% week on week as investors continue to express unease with the appointment of James Murdoch as chief executive.
Broader market sentiment was hit by continued geopolitical uncertainty and analysts continued concerns over US expenditure in Iraq.
The closing prices of media company shares on Friday were:
