Revenues up at ITV

<p>ITV has confirmed a small rise in its revenues.</p>

ITV has announced its revenues were up in the nine months to the end of September.

After the firm previously suggested results would be flat for the nine-month period, ITV confirmed they were one per cent higher.

A strong performance by the company's production arm was cited in a statement as the main reason for this unexpected gain.

"We continue to make good progress," said ITV boss Adam Crozier, who previously led organisations such as Royal Mail.

Advertising revenue was up by eight per cent over the course of October, it was revealed by ITV, which expects a four per cent rise in November and a one per cent boost in December.

The studio arm of the broadcaster recorded an 11 per cent jump in revenues in the nine months to the end of September.

Following the announcement, the share price of ITV has jumped this morning (November 19th). By 08:18 GMT, its stocks were trading almost two per cent up for the session.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.