Greater London, England -- (SBWire) -- 04/15/2011 -- 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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CFD Trading Update: ITV Share Prices Soar As Earnings Rocket for Shareholders