RE: 69, 68, 67, 66, 65, ...4 Oct 2023 15:45
The markets are not in freefall. Small downward movement after 1 month of growth. FTSE is just readjusting. ITV is posting double the losses of the FTSE 100 everyday.
I am going to guess that ITV staff are observing the fallout of the Schofield inquiry hitting senior managers inbox. Urgent and frantic meetings happening. Everyone getting called in. The observers on the floor who are not privy to the meetings are maybe talking. Word gets out to family, word gets through to big investors. Us small guys hear nothing but just maybe there are rumours circulating as to how bad the mistakes are and the reputational damage it will cause to ITV.
We might be in for another week of front page tabloid news.