UK listed shares put in a fairly decent gain on Thursday after positive updates from a number of blue chips and despite oil stocks sliding.
UK stocks rebounded on Thursday, heading for their highest close in over six weeks, as markets shrugged off disappointing economic data in China and were buoyed by speculation that policymakers will take action to avert a global slowdown.
Sky will drop its formal name of British Sky Broadcasting (BSkyB) once the imminent acquisition of Sky Italia and a majority interest in Sky Deutschland has completed.
UK equities advanced on Thursday morning as stimulus hopes in China and easing concerns about the Japanese economy gave London's stock market a boost.
Telecoms group BT has won the latest round in its legal battle with arch-rival BSkyB over screening TV sport.
Sky Sports and the Rugby Football Union (RFU) have signed a new five-year broadcast deal which will see the broadcaster become a RFU partner for the first time.
British Sky Broadcasting (BSkyB) has invested $7m in Whistle Sports, a US sports network on YouTube.
The newly arrived chief executive of grocer Tesco, Dave Lewis, and his chief financial officer, Alan Stewart, have been handed generous incentives in the form of stock options on the company's shares. The multimillion-pound pay packages are what in the industry are known as "golden hellos". The justification for the aforementioned is the need to compensate them for having changed employers.
1630:Close The Footsie ended the session lower ahead of this weekend's ECB stress tests and after an initial feint lower in US stocks. Significantly, on Friday ECB president Mario Draghi sounded a clarion call to action, warning leaders from the European Union that a "joint effort" is required to avoid a "relapse into recession." Tullow continued to reel under the pressure of low oil prices but Pearson did worst on the top flight index after announcing that its CFO was leaving. Intercontinental Hotels Group was also to be seen lower following reports overnight of an Ebola infection in NY. Heading the other way was Shire. The firm updated investors on its third quarter results. Tesco managed to hold on to the nearest level of technical support at 168p - at least for now. FTSE 100 down 30 to 6,388.7.
Savers could pump as much as £50bn into housing over the next five years through buy-to-let crowd-funding websites, pushing up house prices and further stretching affordability. A research paper by the Royal Institution of Chartered Surveyors, which examined crowd-funding platforms that enable investors to put small sums of money into schemes to buy part of a home, found that they could constitute a new liquidity shock to the housing market if they become more popular. - The Times
Shire, which dropped 22% on Wednesday after Abbvie said it was reconsidering its bid for the firm, was down by a further 8% after the US group advised shareholders vote against the takeover due to changes in the US tax law. Abbvie said that these changes had introduced "an unacceptable level of uncertainty" into the deal.
Engineering group GKN got a lift from an upgrade out of Exane BNP Paribas to 'outperform' from 'neutral'.
In spite of an initial 'dead cat bounce' in early deals, London's FTSE 100 tanked again on Thursday morning with the index sinking to levels not seen since June 2013
British Sky Broadcasting Group made a strong start to the year, with profits ahead of expectations in the first quarter as subscriptions surged.
British Sky Broadcasting (BSkyB) reports its first quarter results following its acquisition of Sky Italia and Sky Deutschland on Thursday.
The Share Centre has repeated its 'buy' stance on Burberry despite the luxury fashion group's gloomy outlook which sunk shares on Tuesday.
Berenberg has recommended investors to 'sell' shares of British Sky Broadcasting ahead of the broadband and pay-TV group's first-quarter results on Thursday.
Online retailing giant Amazon has come under scrutiny from the European Union (EU) because of an unorthodox deal with Luxembourg, the Financial Times reported on Tuesday.
In a note released on Thursday Credit Suisse revisited its recent upgrade on TUI Travel, providing an updated valuation analysis of the merger benefits, which they now estimate to be worth an unchanged 63p per share on their base case, underpinning their target price of 489p. That, in turn, implies 26% potential upside.
Credit Suisse retained a negative stance on BSkyB (Sky) due to risks from the upcoming English Premier League auction and the political debate over UK retransmission fees, but was more optimistic on Sky Deutschland, which the UK arm is expected to acquire this month.
BAE Systems: Investec downgrades from hold to sell with a target price of 430p.