Institutional Shareholder Fires Shot Across Itv Chief's Bows

The HeraldApril 03, 2004

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Summary


A TOP 20 institutional shareholder in ITV last night warned that Charles Allen, the broadcaster's chief executive, would have to exceed its (pounds) 100m merger savings target, or there could be "a problem".

Lanarkshire-born Allen has been under huge pressure to deliver from ITV investors since they forced Michael Green to stand down as chairman of the merged group, comprising Granada and Carlton, last year.

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Extract


Institutional Shareholder Fires Shot Across Itv Chief's Bows

The warning shot across Allen's bow came as it emerged that he c...

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