The FTSE 100 index ended the week on a high-note, rising 0.8% to 7,688.38 points, after U.K. house prices returned to year-on-year growth for the first time in thirteen months. COMPANIES NEWS:ITV Sells BritBox International Stake for $322 Mln; Launches BuybackITV said it has sold its entire 50% stake of the digital subscription streaming service BritBox International to its joint venture partner BBC Studios for 255 million pounds ($322 million). ---Rightmove Pretax Profit Rises, Guides for Higher RevenueRightmove reported a rise in pretax profit and said it expects further revenue growth. ---IMI Pretax Profit, Revenue Rise on Organic GrowthIMI said 2023 pretax profit rose as revenue increased boosted by organic growth, and that it expects to deliver good growth in the year with increased margins. Added to that, BritBox International focuses on classic British TV productions rather than competing against major streaming platforms, meaning that its audience is much smaller, he notes.

Source: Wall Street Journal March 01, 2024 17:02 UTC