ITV soars on Ofcom news as Citigroup suffers fine

Ofcom's slashing of ITV's licence fee from £215m to £80m not only boosted the company's share price by six per cent but flushed out Time Warner and Goldman Sachs as part of the consortium looking to buy it.

PartyGaming also saw its share price rise - by 11 per cent - on its first day on the London Stock Exchange. It is now valued at a little over £5.15bn - despite concerns expressed in the US over the legality of its operations.

Vodafone moved into the top five after it announced a deal with Microsoft that allows its customers to use the software giant's MSN Messenger service.

It also struck a fundraising deal with Live 8 organisers and announced a £230m bonus to be shared by its staff.

The Financial Services Authority put a dent in the profits of Citigroup with a record £13.9m fine for its failure to control its bond trading operation.

Meanwhile, Wm Morrison started a round of talks with unions in an attempt to head off a potentially crippling strike by its distributors.

Icelandic retailer Baugur had to withdraw from the consortium preparing a £1.1bn bid for Somerfield after chief executive Jon Asgeir Johannesson was charged with fraud.

Reputation Monitor is compiled from Thompson Intermedia's National News Index, a measure of media sentiment that excludes stock market reports and passing mentions.

REPUTATION MONITOR 28 June-4 July 2005

Ranking Rank last week Organisation NNI

Best performers

1 172 ITV 120.2

2 5 PartyGaming 111.3

3 1 Tesco 95.7

4 65 Vodafone 76.1

5 693 Bank of America 72

Worst performers*

1 1,420 Citigroup -63.1

2 891 Metropolitan Police -49.2

3 1.351 Computacenter -42.9

4 1 Wm Morrison -36.1

5 n/a Baugur -34.5

Source: Intermedia plc *Rank last week is

position from bottom of table

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