STV leaps after settling with ITV
27th Apr 2011 09:01
Scottish broadcasting group STV is back in ITV's good books after the pair came to an out of court settlement regarding their various legal disputes. All current and proposed legal actions have ceased with immediate effect and the terms of the settlement include an £18m payment by STV to terrestria
Read moreSmall caps: Argos/Rockhopper, Kedco, STV...
21st Oct 2010 16:08
Argos Resources and Rockhopper Exploration have both signed contracts for a seismic survey of their prospect in the Falklands Basin with Polarcus, the marine geophysical company. The oil and gas exploration groups will acquire a 3D seismic survey over their respective locations, as well as adjacent
Read moreBroker tips: Hardy, TV companies, Vertu Motors
18th Oct 2010 13:27
KBC Peel Hunt expects a strong rebound in the UK television advertising market, and so has initiated coverage of ITV, stv and UTV Media with "buy" ratings for each. The broker's positive stance in the sub-sector is underwritten by the improving trading conditions, although it sees Britain's ITV and
Read moreBroker Snap: Strong rebound in TV advertising
18th Oct 2010 10:18
KBC Peel Hunt expects a strong rebound in the UK television advertising market, and so has initiated coverage of ITV, stv and UTV Media with "buy" ratings for each. The broker's positive stance in the sub-sector is underwritten by the improving trading conditions, although it sees Britain's ITV and
Read moreThursday tips round-up: Bunzl, FirstGroup, Autonomy
22nd Apr 2010 06:09
Bunzl, which distributes a variety of products, including food packaging and catering equipment, posted what read as a rather dull update yesterday. Not that dull is bad: when dull means improving margins following cost reductions, dull is pretty good. Indicators are steadily turning positive, and,
Read moreSTV says ad market improving, cautious for H2
21st Apr 2010 08:07
Scottish broadcaster STV said it has seen a strong start to 2010, with ad revenues picking up, but remains cautious about the second half of the year. The group also announced plans to sell Pearl and Dean to Image Limited for £1 on a cash free, debt free basis as it refocuses on its main TV busines
Read moreSmall caps: Fiberweb, Offshore Hydro, Clyde Process.......
25th Feb 2010 13:24
Textiles group Fiberweb has refinanced its $400m loan facility with a new loan facility of £210m that matures in July 2013. As a result, cash interest costs will increase by £3m in 2010 over previous expectations. In addition, there will be non-cash amortisation charges of £3m in each of 2010 and
Read moreITV starts legal proceedings against STV
23rd Sep 2009 14:53
STV has received a formal notice of legal proceedings from ITV, which said yesterday it would take action against the Scottish broadcaster. ITV is trying to recover gross debt of £38m it says was accumulated as a result of 'STV not honouring its contractual contributions towards the Network Program
Read moreSTV hits back at ITV
22nd Sep 2009 16:09
Broadcaster STV said it was disappointed after ITV revealed it will issue legal proceedings against the Scottish firm to recover gross debt of £38m. ITV said the debt was accumulated as a result of "STV not honouring its contractual contributions towards the Network Programme Budget." STV said th
Read moreSTV sees encouraging ad trends
26th Jun 2009 07:48
Scottish broadcaster STV said that, while the advertising market remains tough, it has seen encouraging trends in regional advertising in the second quarter. Revenues from regional advertising are down 12% for the three month period which compares with 19% for the first half, STV said. The firm ad
Read moreMonday newspaper round-up: Anglo American, CBI, ITV
15th Jun 2009 06:17
Cynthia Carroll, the chief executive of Anglo American, has lost the confidence of leading shareholders who want her to consider merging the London-listed mining giant with its rival Xstrata. Some big investors have drastically reduced their shareholdings in Anglo over the past year because of conc
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