Capital Radio shares rise as Tarrant gives his final answer: Yes, I'm staying after all

Chris Tarrant's final answer to Capital Radio was yes, it emerged yesterday, as the surprising news that he would continue to host the flagship breakfast show dealt a severe blow to rival stations.

Capital Radio shares had been under pressure for months on concerns that many listeners would switch to other shows when, as seemed likely, Mr Tarrant – a major draw to 95.8 Capital FM, the company's biggest station – left the early morning programme by the end of this year. Capital shares rose 5 per cent on the Tarrant news to 477.5p. In a separate trading update, the company said radio revenues were up 2 per cent for the last six months.

Only this week Mr Tarrant, who has hosted the show for 15 years, had said on a TV programme that he was definitely leaving because he didn't want to get up so early any more. "I really want to have some time off and to sleep a bit," Mr Tarrant had said.

The company said Mr Tarrant's sudden change of heart came about because the breakfast show would be given a new format, which he was very "excited" about. Details of this new format were not given. No more money – or any share options – was awarded to Mr Tarrant, the company said.

Mr Tarrant, who is paid more than £1m a year by Capital, said: "I just can't help it, radio is in my blood and so is Capital. I'm sorry to disappoint the competition, but I am not ready to hang up the Capital headphones yet!"

It was suggested that increasingly vitriolic comments from rival breakfast show hosts, bragging that their programmes would overtake Capital once Mr Tarrant left, had goaded the DJ into continuing the role. Others said Mr Tarrant was very loyal to Capital, which has been the launchpad for a highly successful TV career.

The Capital breakfast show draws some 1.8 million listeners, nearly a million more than its nearest commercial rival, Jono Coleman's show on Heart FM, which is owned by Chrysalis. Mr Coleman has been leading the taunts directed at Capital.

Paul Gooden, analyst at Morgan Stanley, said that many of the older audience for Capital in the morning only tuned in because they had "grown up with Tarrant". "The breakfast show hooks people [listening] in for the rest of the day. That's why it is so important," he said.

Start your day with The Independent, sign up for daily news emails
Sport
England's women celebrate after their 3rd place play-off win against Germany
Women's World CupFara Williams converts penalty to secure victory and bronze medals
Arts and Entertainment
Ricardo by Edward Sutcliffe, 2014
artPortraits of LA cricketers from notorious suburb go on display
News
newsHillary Clinton comments on viral Humans of New York photo of gay teenager
Arts and Entertainment
The gang rape scene in the Royal Opera’s production of Gioachino Rossini’s Guillaume Tell has caused huge controversy
music
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Media

Recruitment Genius: B2B Media Sales Professional - Work From Home

£20000 - £50000 per annum: Recruitment Genius: Enjoying rapid growth we contin...

Recruitment Genius: B2B Media Sales Professional - Work From Home

£20000 - £50000 per annum: Recruitment Genius: Enjoying rapid growth we contin...

Recruitment Genius: B2B Media Sales Professional - Work From Home

£20000 - £50000 per annum: Recruitment Genius: Enjoying rapid growth we contin...

Recruitment Genius: B2B Media Sales Professional - Work From Home

£20000 - £50000 per annum: Recruitment Genius: Enjoying rapid growth we contin...

Day In a Page

Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'
10 best statement lightbulbs

10 best statement lightbulbs

Dare to bare with some out-of-the-ordinary illumination
Wimbledon 2015: Heather Watson - 'I had Serena's poster on my wall – now I'm playing her'

Heather Watson: 'I had Serena's poster on my wall – now I'm playing her'

Briton pumped up for dream meeting with world No 1
Wimbledon 2015: Nick Bollettieri - It's time for big John Isner to produce the goods to go with his thumping serve

Nick Bollettieri's Wimbledon Files

It's time for big John Isner to produce the goods to go with his thumping serve
Dustin Brown: Who is the tennis player who knocked Rafael Nadal out of Wimbeldon 2015?

Dustin Brown

Who is the German player that knocked Nadal out of Wimbeldon 2015?
Ashes 2015: Damien Martyn - 'England are fired up again, just like in 2005...'

Damien Martyn: 'England are fired up again, just like in 2005...'

Australian veteran of that Ashes series, believes the hosts' may become unstoppable if they win the first Test