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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

ITV brightened by bid speculation

ITV has moved higher on a renewed bout of takeover speculation.

The shares were up 1.2p at 43.4p - before the London Stock Exchange prices froze up - with traders pointing to comments on Friday from a board member at Mediaset, the Italian broadcaster controlled by the family of prime minister Silvio Berlusconi.

Apparently the company is looking at a number of possible acquisitions, including ITV.

On top of that Charles Allen, the former ITV chief executive, will take a seat on the board of another potential predator, Endemol.

The news comes as ITV faces possible expulsion from the FTSE 100 index at this week's reshuffle.

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