Our friend Dunwerkin tells us that ITV purchased another 5 Mn. shares in a buy back today which brings the total to some 36 Mn in the last 2 weeks or about 1% of equity - paying 104 pence for shares they originally sold for 146 pence.
Consequently the share price has been holding up 104/105p whilst this has been going on ... signalling that some hefty share holders have decided that there is little prospect of any sale at a premium or any chance of improved trading within the forseeable future.
Unless of course the totally baseless rumours that Eastern European interests offering US$5.5Bn (or even less) are being held at bay....
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