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Take the number 1 off the end and you will have the right number of gyms 224.

ITV PLC (LSE:ITV) is expected to get large and much-needed boost from the FIFA World Cup in Qatar, which starts a month from tomorrow, amid a deteriorating advertising market in recent weeks.

UBS said it expects net advertising revenue (NAR) falling 6-13% for European broadcasters in the third quarter, including a 10% decline for the UK, based on industry feedback and its monthly media buyer survey.

Broadcasters are facing a toughening previous comparison period and a deteriorating ad market, the investment bank said, with the media buyer survey responses suggesting a decline in expectations since the previous survey in February.

However, ITV has “upside risk” from the World Cup and is one of the “preferred plays” for UBS’s sector analysts, with a ‘buy’ rating and a 135p share price target that offers more than 130% upside to the last close price.

ITV explores options for its production arm, including sale, Financial Times reports
Reuters
Oct 16 (Reuters) - British commercial broadcaster ITV (ITV.L) is reviewing the future of its production arm ITV studios, including whether to sell a stake, the Financial Times reported on Sunday.

Britain's biggest free-to-air commercial broadcaster has recently fielded expressions of interest in ITV Studios, the report said citing people familiar with the discussions.

Potential buyers include private equity groups and other large independent producers such as Bertelsmann's Freemantle or FL Entertainment, the parent company of Banijay, the newspaper added.

ITV announced earlier this year, that it is combining its subscription and ad-funded streaming services in ITVX, a new digital platform that will have 15,000 hours of content at launch and a 160 million-pound ($178.72 million) dedicated budget for shows.

An ITV spokesperson declined to comment on the FT report.

In June, this year ITV bought a 79.5% stake in Plimsoll Productions, the maker of natural history programmes like "Hostile Planet" for Disney and "Night on Earth" for Netflix, for 103.5 million pounds($115.61 million) in cash.

Numis cuts Synthomer to 'hold' ('add') - target 120 (230) pence

Alasdair Young, an analyst with broker Panmure Gordon, said GB Group is now an attractive Buy stock: “With the shares now only seven per cent higher than they were before press speculation about the bid emerged, we see this as an attractive entry point for one of the UK’s best software assets.

“Moreover, we highlight that in the absence of a sale, current holders will benefit from the anticipated acceleration/expansion of growth and margins as Acuant becomes fully integrated and the revenue base becomes increasingly US-weighted.”

No joint statement can be made until the yanks get out of bed!

Advent may join private equity chase for GB Group

hxxps://www.thetimes.co.uk/article/advent-may-join-private-equity-chase-for-gb-group-09gwb7m7k

Mail on Sunday: US private equity predator Advent International is considering a swoop on fraud prevention software specialist GB Group, prompting speculation there could be a bidding war; others said to be interested are Hg, KKR, Cinven and Permira.

850p/900p

In response to the recent press speculation regarding GB Group plc (the "Company" or "GBG"), GTCR LLC ("GTCR"), on behalf of certain of its affiliated funds, confirms that it is currently considering a possible cash offer for the Company.

Update due on Thursday. You will know then.

30% off food until 31 Jan 23

iWeb have just applied my bonus free shares to my ISA account. They have included an extra bonus by crediting them FOUR TIMES!

https://www.dailymail.co.uk/money/markets/article-10531059/Metro-Bank-hunt-deal-credit-card-market.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Answer

Non-property net debt was improved, by 36.4% year-on-year to £30.1m at interim stage.

Non-property net debt, including finance leases, totalled £28.3m as at 31 August, with headroom of £73.3m against its £100m revolving credit facility.

Founding Director John Treharne sells 1/2 million shares every six months

03-Sep-21 Liberum Capital Buy Price 287.00p New Target Price 340.00p

The correct allocation is 1 new Poolbeg share for every 2.9815446587 Open Orphan

If you hold ORPH shares at close of business tomorrow 15th June then you will receive your rights shares in Poolbeg

From Alliance News

Also out on Wednesday, due after the London market close, will be the results of the latest quarterly UK index review. ITV is poised to return to the FTSE 100 and Renishaw is set for a demotion to the FTSE 250. The changes will be calculated based on Tuesday's closing prices.

ITV shares gained 2.4%, to give the broadcaster a market capitalisation of GBP5.26 billion, while Renishaw ended 0.3% lower, with a market value of GBP4.02 billion.

17.30+0.37 (+2.20%)
As of 11:25AM EDT

BERENBERG RAISES KENMARE RESOURCES PRICE TARGET TO 510 (460) PENCE - 'BUY'