BSkyB shares up as market anticipates good news

LONDON - Media shares soared today, led by Carlton and BSkyB, which was up 4.6% as the market anticipated a strong set of results from the satellite broadcaster tomorrow.

Sky was trading at 690p this afternoon, up from a close of 659.5p yesterday. Analysts have said they expect half-year revenues for the company to be up from £1.09bn, for the same period last year, to £1.33bn. Subscriber numbers are thought to have increased by 214,000.



The FTSE 100 was up overall, led by telecoms stocks, which were buoyed by BT's strong results. The index was up 0.4% to 5038.3 points this afternoon.



Carlton was up by 6.7% at 196.25p this afternoon, while Granada, after falling on yesterday's fears about how changes to Barb ratings would affect advertising share, was up 4.8% to 114p. It closed yesterday at 108.75p.



Aegis Group, which this week announced the departure of Ray Kelly, chief executive of its north European operations, was trading down 3.16% this afternoon at 92.5p. Today, ±±¾©Èü³µpk10 magazine confirmed its Carat network as the number one media-buying agency, taking over from Zenith Media for the first time in 10 years.



Despite the news that Tempus chairman Chris Ingram is to depart the company he founded following its merger with the WPP Group, shares in WPP were trading up 1.6% this afternoon at 660.5p.



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