|
Sharewatch: WPP Rises On Strong Results
Week on week analysis of the media sector revealed a strong performance from global advertising group WPP, whose third quarter results beat analysts’ expectations (see WPP Enjoys Healthy Third Quarter) The stock was seen up 3.98% week on week.
Elsewhere Carlton was seen up 4.85% following news a senior executive from the group has been appointed to oversee the company’s £4.5 billion integration with Granada (see Senior Carlton Executive To Oversee ITV Integration).
Broader market sentiment was boosted last week by a series of strong US economic reports and forecasts, which pushed European markets towards their highest level this year
The closing prices of media company shares on Friday were:
