Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.46
    +2.34 (+0.31%)
     

  • GBP/EUR

    1.1665
    +0.0008 (+0.07%)
     

  • GBP/USD

    1.2471
    -0.0040 (-0.32%)
     

  • Bitcoin GBP

    50,924.12
    -422.49 (-0.82%)
     

  • CMC Crypto 200

    1,321.21
    -75.32 (-5.40%)
     

  • S&P 500

    5,101.34
    +52.92 (+1.05%)
     

  • DOW

    38,236.90
    +151.10 (+0.40%)
     

  • CRUDE OIL

    83.92
    +0.35 (+0.42%)
     

  • GOLD FUTURES

    2,348.50
    +6.00 (+0.26%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Liberty Global ups stake in broadcaster ITV to 9.9 pct

Reuters - UK Focus

LONDON, July 31 (Reuters) - European cable operator Liberty Global said it had increased its stake in ITV to 9.9 percent via a hedging deal, but said it still had no intention of taking over Britain's biggest free-to-air commercial TV company.

Liberty, the owner of pay-TV company Virgin Media, took a 6.4 percent stake in ITV (LSE: ITV.L - news) last year, and in September said it had no plans to increase the holding.

"Given ITV's operating and stock price performance, we were able to increase our stake to 9.9 percent with no incremental investment by hedging our existing equity position," Liberty said on Friday.

"This investment remains an opportunistic one for us in our largest market."

Liberty Global (NasdaqGS: LBTYA - news) confirmed it did not intend to make an offer to acquire ITV.

(Reporting by Paul Sandle; editing by Kate Holton)