UK broadcaster ITV tumbles 11% after third-quarter results
ITV Studios is pictured at the MIPCOM trade show in Cannes, France, on October 17, 2017.
YANN COATSALIOU | AFP | Getty Images
British broadcaster ITV sunk to the bottom of the pan-European Stoxx 600 after the media firm reported a 8% drop in revenue.
Revenue in the third quarter was impacted by the phasing of deliveries and the writers and actors’ strike in the U.S., ITV said in a Thursday trading update. The firm added that advertising books for the fourth quarter were impacted by the uncertainty in the lead up to the U.K. budget.
Shares were last trading down 11.3%.
– April Roach
Veolia’s U.S. trajectory remains the same with Trump in charge: CEO
Veolia, a French-based firm that provides environmental services, will not be impacted by the outcome of the U.S. presidential election, the company’s CEO told CNBC’s “Squawk Box Europe” on Thursday.
“We are very local in the U.S. and demand is here to stay, and it’s here to stay whatever happens in Washington,” Estelle Brachlianoff, CEO of Veolia, said.
She added that the company posted a “very solid set of results” in terms of growth in its top line and bottom line for the first nine months of the year.
Veolia shares were last trading down 1.5% Thursday.
– April Roach
Stocks rise slightly at the open
Stocks opened slightly higher on Thursday. The Dow, S&P 500 and Nasdaq Composite all hit intraday record highs in the opening moments.
— Jesse Pound
