Sunday October 25, 2020

Market Week

Media group UTV is working to keep shareholders onside after a difficult month which saw the resignation of three board members.

24th March, 2012
2
John McGuckian: ousted at UTV last month.

Media group UTV is working to keep shareholders onside after a difficult month which saw the resignation of three board members over alleged corporate governance issues and a damaging writedown on its Irish operations.

The company met analysts' expectations with its full-year results for 2011 last Tuesday, but the stock initially took a beating before recovering lost ground as the broader market turned by the end of the week.

An 18 per cent improvement in profits...

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