FTSE 100 index rises on hopes of US – China trade war breakthrough January 18, 2019 The FTSE 100 is up more than one per cent this morning on hopes of a breakthrough in trade talks between the US and China. The index was boosted by hopes of progress in the trade war, which were sparked by news reports suggesting that the US is considering reducing tariffs on Chinese imports. Read more: Markets lift [...]
ITV shares tumble after bearish investor note casts doubt on ad revenues January 17, 2019 ITV led the FTSE 100 fallers today after Bank of America Merrill Lynch analysts slashed their target price for the broadcaster amid fears of declining advertising. Shares in ITV fell almost seven per cent after the bank changed its rating from buy to underperform and cut its target price from 210p to 110p. Read more: UK [...]
ITV pulls the plug on Brexit debate between Theresa May and Jeremy Corbyn December 7, 2018 ITV has joined the BBC in pulling out of hosting this weekend’s proposed Brexit debate, with the Conservatives and Labour again unable to agree on how to structure the televised debate. ITV said it “invited the Prime Minister and leader of the opposition to appear in an ITV programme this Sunday evening, and we have been [...]
May faces contempt of parliament threat from Labour as Brexit legal advice leaks December 2, 2018 Theresa May is facing one of the greatest clashes of her premiership as MPs from across parliament contemplate accusing her of contempt of parliament over her refusal to publish legal advice she has received on Brexit. MPs may move against the Prime Minister tomorrow, with figures from the DUP, Labour, Liberal Democrats and SNP planning [...]
Ofcom boss calls on British broadcasters to create Netflix rival November 28, 2018 Public service broadcasters should work together to create a ‘Brit Player’ to rival Netflix, the head of Ofcom said today. Sharon White told the Outside the Box conference in London that broadcasters should pull together their on-demand services to create a platform offering popular British shows such as Broadchurch, Blue Planet and Bake Off in one [...]
ITV warns that economic uncertainty will hit advertising revenues November 7, 2018 ITV's share price fell almost 3 per cent today to 150p as it predicted a dip in advertising revenue at the end of the year as continued economic uncertainty takes its toll on the broadcaster. The channel's performance in the first nine months of the year was in line with expectations, recording a six per cent increase in [...]
ITV names Microfocus finance boss as new CFO November 5, 2018 ITV today confirmed the appointment of a new chief financial officer. Chris Kennedy will join in February 2019 after finishing up his current role as CFO of Microfocus, where he has served only since January 2018. "This is an exciting time to be joining ITV,” Kennedy said. "I'm looking forward to working with the team [...]
ITV ditches plans to move back into South Bank headquarters October 9, 2018 Broadcaster ITV has ditched plans to move back into its headquarters on London's South Bank, it confirmed today. The firm's chief exec Carolyn McCall has instead decided to put the building up for sale. ITV originally moved out of its South Bank site and into a separate London facility in 2017, with plans to move [...]
ITV shares rise as it rules itself out of buying Peaky Blinders maker Endemol Shine October 3, 2018 ITV shares lifted today after the company ruled itself out of the race to buy production house Endemol Shine. Media reports had linked ITV to a bid for the Dutch creator of shows like Peaky Blinders and Big Brother, but in a statement to the market the broadcaster said it was not interested in striking a [...]
ITV enters race to buy Peaky Blinders, Big Brother and The Fall maker Endemol Shine September 16, 2018 UK media titan ITV has entered the race to snap up the production company behind shows such as Big Brother, Peaky Blinders and The Fall, Endemol Shine. The Dutch company, which is worth around $4bn (£3bn) is owned jointly by private equity firm Apollo and 21st Century Fox, and has also attracted a number of other potential suitors. [...]