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Tuesday, September 9, 2014

Liberty Global says no current plans to increase ITV stake, (NASDAQ: LBTYA)

Liberty Global has no current plans to increase its holding in British broadcaster ITV , its chief strategy officer James Ryan said on Tuesday, after the highly acquisitive firm took a 6.4 percent stake earlier this year. Speaking at the Royal Television Society's conference in London on Tuesday, Ryan said the holding gave the U.S.-based cable group a "seat at the table" but that it had no plans to increase it at this stage.

Shares of LBTYA fell by 1.05% or $-0.44/share to $41.38. In the past year, the shares have traded as low as $37.98 and as high as $46.46. On average, 3452800 shares of LBTYA exchange hands on a given day and today's volume is recorded at 2827160.