Advisers miss out as NTL switches off

Goldman Sachs and JP Morgan have missed out on investment banking fees from a potential takeover of ITV for the second time this year after cable group NTL confirmed it has dropped plans to bid for the UK broadcaster.

NTL said in a statement today it has "no present intention" of launching an offer for ITV, adding that it does not believe a deal could be struck on terms it would find acceptable.

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