John Malone’s Liberty Global Boosts Stake in UK Broadcaster ITV

European markets were mixed on Friday amid a drop in UK consumer confidence and a mixed bag of earnings on the last trading day of July.
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European markets were mixed on Friday amid a drop in UK consumer confidence and a mixed bag of earnings on the last trading day of July. In the UK, the overall mood was dampened by a dip in the monthly GfK consumer confidence index, down three points to a reading of 4 in July as fears of a Greek exit from the euro rattled sentiment. A separate report showed euor-area inflation stable at 0.2 percent in July. Among individual stocks, ITV rose after John Malone’s Liberty Global said it had boosted its stake in the British broadcaster to 9.9 percent. InterContinental Hotels Group was down after the company denied reports that it was in merger talks with Starwood Hotels & Resorts Worldwide. And British Airways parent IAG lost a bit of altitude after declaring its takeover offer for Ireland’s Aer Lingus unconditional.