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August 3: It’s a busy day in medialand, with news that Trinity Mirror is launching a full strategic review leading our newslist and prompting speculation that it might sell its national titles. The shares are up more than 3 per cent despite weak interim results. More bad news from GCap: the latest figures show Capital Radio has its weakest ever share of the London market. People tell me Ralph Bernard, chief executive, has until the end of the year to get it right at Capital. We’ll also do more on the overnight story that Charles Allen is to step down as chief executive of ITV. Among other things, we’ll look at his potential successors (The Guardian this morning suggested Andy Duncan, chief executive of Channel 4; Dawn Airey, managing director of channels at BSkyB; and Stephen Carter, former chief executive of Ofcom). ITV shares are up a bit on this news and on hopes that Roger Parry will bid for the group.

Today’s banking result is from Barclays: a strong performance from investment banking and fund management in the first half made up for a 50 per cent jump in bad debts.

Apax and KKR have confirmed they are considering making an offer for Signet, the jewellery group with a £2bn market value.

Weak interim figures from Unilever. Margins are under pressure and the shares are off sharply as a result.

We also have an unexpectedly upbeat trading statement from Wm Morrison and ho-hum interim results from ICI.

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