Apr 3, 2017
ITV shares dip as FTSE 100 opens flat
Shares in ITV had jumped in late trading on Friday on talk that the company could be a takeover target for Liberty Global. Overall, the UK market was little changed, with the benchmark FTSE 100 index up just 0.81 points at 7,323.74. BP shares were up 1.3%, The oil giant said it had sold its Forties Pipeline System in the North Sea for $250m. The biggest move of the day though came from Imagination Technologies, which saw its shares plunge 65% after US tech giant Apple said it would end a deal to use its products. The move by Apple, Imagination's largest customer, means the loss of lucrative royalty payments.
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