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Markets Market 2008 ITV put on hold by brokers
Markets Market 2008 ITV put on hold by brokers
| ITV put on hold by brokers |
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| Written by Will Peters |
| Wednesday, 18 November 2009 15:24 |
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The news that the top position at ITV plc has been filled has seen Canaccord Adams upgraded ITV to a 'hold' ITV Plc (LON:ITV) have seen their stock shoot up 5.58% over the course of Wednesday courtesy of the appointment of Archie Norman as ITV's new chairman. The latest moves at ITV have also seen their stock upgraded to a 'hold' by investment banking firm Canaccord Adams. Market reacts to appointmentInvestors have reacted positively to the appointment as the period of uncertainty at the top of ITV has finally ended. Norman has significant experience at heading high-profile businesses. He has worked for companies such as Woolworths, DIY chain B&Q and supermarket group Asda. Norman also has been involved with the even more every-day business of utilities, serving on the boards of British Rail and the power company Energis. But perhaps it is his spell as a Conservative Party MP that will prove the most useful in his new job. 
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