Half Year Results 

Gloomy forecast for STV

Gloomy forecast for STV

Rob Woodward may have presented his last set of results as chief executive of STV (STVG) with an air of confidence – which is mirrored by a 25 per cent hike in the dividend – but the numbers tell a different story. Weakness in the UK’s TV advertising market has left the Scottish broadcaster nursing a 10 per cent fall in advertising revenue, a decline which is expected to continue until at least the end of September.

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