London’s FTSE 100 closed at its lowest level in almost two weeks on Friday, dragged lower by steep losses in property and travel stocks. The blue-chip index ended 53 points,
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ITV plc (ITV) noted the recent press speculation and confirms that it is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of
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ITV plc shares soared 18% in early London trading after the broadcaster confirmed discussions with Sky regarding the potential sale of its broadcasting operations.
FTSE 100 set for muted open as AI jitters drag global markets
London stocks were expected to open slightly lower on Friday, tracking overnight declines on Wall Street and in Asia, as renewed concerns over artificial intelligence valuations and broader market fragility
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The FTSE 100 is expected to open slightly higher on Thursday, with traders eyeing a flood of major corporate results that could inject some momentum into early trading.
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The week ahead will be relatively quiet for UK company news, though updates are expected from Imperial Brands, Hays, S&U and Unite. In the US, early earnings season releases include
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The FTSE 100 surrendered early gains to finish lower on Friday. The blue-chip index closed down 0.1% at 9,208.21, having earlier reached an intraday high of 9,253.53.