ITV update doesn’t inspire investors

0 mins. to read
ITV update doesn’t inspire investors
Lenscap Photography /
Master Investor Magazine

Master Investor Magazine 60

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price of shares in broadcaster ITV (LON:ITV) dropped by 2.63% to 57.70p (as of 10:55 GMT) as it outlined the steps it is taking to reduce costs and manage cash during the COVID crisis. Management has implemented a salary and hiring freeze as well as a 20% cut in remuneration and no bonuses for the board in 2020.

The company said it would continue to monitor the situation as it develops.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *