The shares of the European companies started off steadily on a flat note for this month of September. The flat note start is due to the fact that investors are still weighing speculations on acquisitions and merging and the new monetary largesse’s expectation against China’s weak economic data and tensions in the country of Ukraine.
ITV is among those European shares that rose for this quarter. After the Telegraph announced that the Liberty Global Plc was seeking support from the major shareholders of ITV, the ITV rose a total of 1.9 percent. The announcement followed Liberty Global Plc’s acquisition of a 6.4 percent stake. This acquisition is the root of all the speculations that there will be full takeover bid in the future.
The ITV stock was included in the biggest gainers on the pan-European FTSEurofirst 300 index. This stock was up by 0.1 percent by 0719 GMT. On the other hand, the biggest riser on the index is Novartis. This stock was up by a total of 3 percent. It rose when its drug was proven to be effective in terms of reducing deaths due to heart failure. Other European shares also went up while some of these went down.