Company
LON:ITV
ITV PLC is a United Kingdom-based advertising funded broadcaster. The Company also operates as an advertising funded media owner in the United Kingdom across all media, including television, radio, press, cinema, outdoor and the Internet. As a producer, ITV makes hours of network television. Its digital channels include ITV2, ITV3, ITV4 and Citv. ITV also makes programmes for the BBC, Channel 4, five, Sky and other broadcasters. ITV produces programmes watched on screens from San Francisco to Sydney. In addition, it produces a range of products related to ITV programmes, such as digital video disks (DVDs) and computer games. Its online properties include itv.com and itvlocal.com.
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Investments and investor services
New Fed supremo Jerome Powell will likely stick to a gradual, three hikes scenario, but the case for a faster pace of tightening is growing stronger, according to Nordic investment bank, SEB
Investments and investor services
Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower - down around 58 points at 20,185.
The former chief executive of ITV and Royal Mail, Adam Crozier, will take over as chairman
The US bank upped its stance on the FTSE 100-listed firm to ‘overweight’ from ‘neutral’, but cut the target back to 185p from 204p previously
Archive
The day ahead includes corporate earnings from ITV, Vodafone and Bovis Homes as well as official UK inflation data
Archive
House builders and telcos will provide some of the weeks highlights.
Back in June, HSBC said ITV was cheap for a reason, but an improvement in the outlook for advertising revenues has prompted a change of heart.
A look at some of the biggest risers and fallers today in London
The UK blue chip index closed at 7,526, well below the session peak of 7,557.00 and close to the day’s low of 7,531.48
The FTSE 100 indexclosed up 50 at 7,373, with ITV the top riser
Liberum analyst Ian Whittaker says the reluctance of big companies to plough money into advertising is starting to change
FTSE 100 closed 9.35 lower at 7,301 and the FTSE 250 added over 49 points at 19,566
“We argue the next decade will be harder than the past one for FTA [free to air] broadcasters, as new consumer models devalue the mass reach of TV advertising,” Macquarie said in a note to clients
The heavyweight dragged on the FTSE 100, which closed down 20.99 points
The weak pound has made UK businesses more attractive to overseas buyers with Worldpay, Sky and Unilever all being targeted this year
UBS raised its rating on ITV to ‘neutral’ from ‘sell’ on valuation grounds but cut its target price to 160p from 170p
Investments and investor services
Image Scan Holdings, Findel and Mountfield Group were among Tuesday's early risers.
Investments and investor services
FTSE 100 closed Tuesday's afternoon session 64 points lower at 7,337
The sport-based subscription service would go live next year, while the film and TV content offering would launch in 2019, when the current distribution agreement with Netflix will end
The FTSE 100-listed firm said its ITV family net advertising revenue is expected to fall by around 4% in the third quarter, compared with an 8% drop to £769mln in the first-half
