ITV shares fall in wake of Schofield exit from broadcaster

Philip Schofield resigned from ITV last week, saying he had an 'unwise but not illegal' relationship with his colleague, who was a teenager when the presenter first met him.

Phillip Schofield quit after admitting to lying to the broadcaster about a relationship with a young worker on daytime show This Morning.

Shares in ITV hit a five-month low after one of its biggest names, Phillip Schofield, quit after admitting to lying to the broadcaster about a relationship with a young worker on daytime show This Morning.

Mr Schofield, a TV star in Britain for more than three decades, resigned from ITV last week, saying he had an "unwise but not illegal" relationship with his colleague, who was a teenager when the presenter first met him.