Reuters logo
BUZZ-UTV Media: signals Radio GB woes
May 14, 2015 / 7:47 AM / 2 years ago

BUZZ-UTV Media: signals Radio GB woes

** Northern Irish radio and television broadcaster UTV Media falls as much as 16 pct, one of the top losers on the FTSE All Share Media Index

** Stock fell below 52-week low of 162.50p before it recovered to trade at 170p

** The company expects Q2 revenue at its largest division Radio GB to fall 16 pct from a year earlier, a period which saw the 2014 FIFA World Cup build-up. The revenue was flat in Q1.

** “UTV Ireland has experienced a ‘slower’ start than anticipated and it is experiencing ‘considerable volatility’,” Numis analysts write in a note

** UTV down 5.7 pct YTD (

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below