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.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now