ITV to buy UTV's television business for GBP100m
19th Oct 2015 07:04
(ShareCast News) - ITV has agreed to acquire Northern Irish broadcaster UTV Media's television assets for £100m. The FTSE 100 broadcaster announced the deal on Monday, which is subject to regulatory and shareholder approval. Once the deal is approved, ITV will hold 13 of the 15 regional licences fo
Read moreUTV surges despite dip in interim profits
28th Aug 2015 10:30
(ShareCast News) - Shares in UTV Media jumped 7% on Friday, even though the media group posted a slight dip in interim pre-tax profit. In the six months to 30 June, UTV reported a 2% year-on-year decline in pre-tax profits to £980,000, despite a 0.8% increase in revenues to £58.3m. The Irish broadc
Read moreUTV Media may be set to sell TV arm to ITV
24th Aug 2015 14:39
(ShareCast News) - UTV Media may sell its TV assets following a failed push into the Republic of Ireland. In response to speculation over the weekend of a sale to ITV, the company confirmed it was "in discussions regarding a potential sale of its television assets." On 23 June the company, which ma
Read moreUTV Media switches frequency as Juice FM is sold for £10m
5th Jun 2015 08:09
Broadcasting group UTV Media has reached an agreement to sell its Juice FM radio station to Global Radio Holdings for £10m. The sale of the Liverpool-based radio station remains subject to regulatory approval, UTV said in a statement, adding that the proceeds from the sale will be used to pay off th
Read morePhone-in charges for TV and radio shows to be simplified by regulator Ofcom
27th Apr 2015 11:47
The cost of calling TV and radio programmes will be simplified from July, according to new rules from UK communications regulator Ofcom. The regulator said on Monday the costs of calling numbers starting 084, 09 and 087 will be made of two different parts: an 'access charge' going to the caller's ph
Read moreSector movers: Media stocks get M&A boost as ITV surges
17th Jul 2014 14:18
M&A activity and bid speculation gave UK-listed media stocks a boost on Thursday, with the sector topping the risers list in London this afternoon. British Sky Broadcasting, which is currently considering a giant European consolidation with acquisitions of Sky Italia and Sky Deutschland, has sold a
Read moreXaar's R&D Director builds stake following lower profit guidance
25th Jun 2014 15:50
Ramon Borrell, the Research & Development (R&D) Director of FTSE 250 member Xaar, continued to build his stake in the inkjet printheads supplier with the purchase of 40,000 shares. The deal comes just days after the company lowered its guidance for full-year revenues and profit margin, saying the
Read moreSector movers: ITV, BSkyB weigh on media stocks
14th May 2014 15:08
Shares in broadcaster ITV dropped by nearly six per cent on Wednesday after the company underwhelmed with a first-quarter update, dragging the UK wider media sector lower. The company more or less met analysts' forecasts with total external revenues up 2% to £585m in the first three months of its f
Read moreFriday broker round-up UPDATE
15th Nov 2013 07:38
Amlin: Berenberg raises target price from 398p to 434p, but still recommends selling. Barclays cuts target price from 481p to 453p and retains an overweight rating. Antofagasta: Numis raises target price from 750p to 850p and reiterates a hold recommendation. AstraZeneca: Liberum Capital upgrades
Read moreUTV Media profit tumbles
27th Aug 2013 08:42
Northern Irish broadcaster UTV Media posted weaker first half profit but remains confident about the prospects for growth in the second half. The talkSPORT owner booked an interim pre-tax profit of £6.1m from £10.7m in the first half of 2012. Group revenue fell to £55.2m from £61.6m. On a positiv
Read moreCEO and Finance Director of CVS sell shares post exercise
7th Jan 2013 16:27
Veterinary services provider CVS announced the sale of shares by two of its senior directors following the exercise of options granted under the CVS group long term incentive plan. Chief Executive Simon Innes sold 223,482 shares, taking his stake to 546,475, equal to 0.96% of the issued share capi
Read moreUTV delivers 'resilient' half year
28th Aug 2012 13:43
Northern Irish broadcaster UTV Media posted what it termed a 'resilient' set of first-half results, pushed higher by earnings in the Radio division. During the six-month period, revenue rose from £59.1m to £61.55 while pre-tax profits were up by 3.0% to £11.2m (2011: £10.9m). Basic earnings per sh
Read moretalkSPORT helps drive record profits at UTV
20th Mar 2012 10:54
Northern Irish broadcaster, UTV Media, has reported record profits driven by its British radio division and helped in particular its contentious station talkSPORT. Pre-tax profits came in at £23.3m in 2011, up by 10% on the year before. Adjusted earnings per share from continuing operations were u
Read moreITV to expand regional presence with Channel Television acquistion
18th Oct 2011 10:58
Television broadcaster ITV has revealed its intention to acquire Jersey-based Channel Television from its current owners Yattendon Group for an, as of yet, undisclosed sum. In a short statement released this morning, ITV said, "ITV plc announces that it has entered into an agreement with Yattendon
Read moreUTV weathers the storm and hikes dividend
30th Aug 2011 08:11
Northern Irish broadcaster, UTV Media, said it had outperformed in the first half of the year and hiked its dividend. Pre-tax profits for the first half of 2011 were up by 15% to £10.9m with earnings per share up by 16% to 8.64p. Based on the results the company proposed an interim dividend of 1.5
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