Carlton Communications came from a broadly similar direction but with even more spectacular growth.

A year later the name was changed to Carlton Communications when the company went public.

And other potential investors include Carlton Communications and the Mirror.

Carlton Communications, which was to publish interim results on Wednesday, fell by 13 to 938.

Carlton Communications shed five pence to 933 before publishing interim results on Wednesday.

Carlton Communications firmed 1p to 735p on a 16pc profits boost and a confident statement about current trading.

Carlton Communications bought a 20% stake in the consortium in November 1991.

The divisions are sold off and its core business is sold altogether in 1988 to Carlton Communications for 6.5 times the purchase price.

At the time of the merger with Carlton Communications, Granada was mainly involved in the television business.

In eight years he built his television services company, Carlton Communications, to a value of £1 billion.