CFD Trading Update: ITV share prices soar as earnings rocket for shareholders

CFD Trading Update: ITV share prices soar as earnings rocket for shareholders

Spread betting and CFD trading provider City Index (http://www.cityindex.co.uk/) takes a look at the activity affecting the financial markets on 3rd March 2011.

Group external earnings for ITV rose by 185 per cent last year when compared to 2009.

For the year ended December 31st 2010, adjusted earnings per share stood at 6.4 p, a rise from the 1.8 p enjoyed during the previous year.

Following the announcement, share prices of ITV have risen and as of 08:24 GMT this morning (March 3rd), had climbed up by London Stock Exchange by 1.77 per cent when compared to yesterday's close.

This represents the value of ITV's shares increasing by 1.65 points. Adjusted profit before tax also surged by 228 per cent.

Net debt was cut down from 612 million in 2009 to 188 million last year.

Commenting on the results, Joshua Raymond, market strategist at City Index, said: "The broadcaster also announced that it was planning on reinstating its dividend, a move that was always likely to be heralded by shareholders."

He added that after yesterday's announcement, share prices made a nine per cent gain "to levels not seen since November 2007".

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About City Index

Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.

As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, spread betting.

We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers spread bet using innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support.

Contracts for differences ("CFD") trading and financial spread betting carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary. Visit http://www.cityindex.co.uk/ for more information.

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