Business World

Monday 11 November 2019

UTV Media shares jump on sale talks with ITV

John McCann, CEO of UTV Media plc & UTV
John McCann, CEO of UTV Media plc & UTV

Independent.ie newsdesk

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.

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