UTV Media shares jump on sale talks with ITV
UTV Media shares gained 7pc today on expectations that an ITV £100m takeover deal will go ahead as early as this week.
The stock has fallen 20pc from its January 2015 peak and its market value is about £156m.
UTV Media, which owns UTV Ireland, shares were the biggest gainer on the FTSE all share media index.
The Sunday Times reported that the deal was imminent.