Daniel Stewart has reiterated a 'hold' rating for satellite broadcaster British Sky Broadcasting (BSkyB) in light of recent developments relating to the News Corp bid.Business secretary Vince Cable unwittingly told two undercover reporters that he had "declared war" on Rupert Murdoch's News Corp "empire," and the comments have resulted in him being stripped of his responsibility for Ofcom's activities, the competition regulator overseeing the BSkyB takeover. The decision on the bid is being passed to the Department for Culture, Media and Sport."But [Cable's] comments should not herald a change of stance; far from it. What is now more likely is increased transparency of process," the broker says."The decision must therefore take into account a situation in broadcasting which is not static, with the rise of social media a source of empowerment, or even seen as a threat to the considered, mediated process of an edited journalistic process."The broker keeps its 'hold' stance, and target price of 690p.Broker finnCap has cut its forecasts for Begbies Traynor as the broker says conditions remain challenging for the financial adviser and insolvency practitioner.Begbies said in its interims that revenues were down 9% to £27m on the previous year, and profits declined 26% to £6.4m, reflecting fixed cost pressures.The broker says that the second half is usually stronger for the group, however the 17% decline in insolvency numbers during the first half "suggests that it is appropriate to take a cautious line on profit expectations for the second half and beyond."The broker has cut its pre-tax profit forecast for 2011 to £8.7m from £10.7m, leaving the earnings per share estimate at 6.3p."2012 profits will be helped by cost cutting but, despite shares reaching new lows, we believe it is too early to make a case for a return to a premium rating," the broker adds.A target price of 65p is confirmed, with a 'hold' rating.Panmure Gordon likes Costain despite the construction and engineering group's recent bid for support services group Mouchel being rejected.Costain's approach was made at 0.5135 new Costain shares for each Mouchel share, which values the latter at 106p.Even though Mouchel rejected the offer, the broker notes that the bid target has a number of large shareholders with significant stakes which "will obviously play an important role," says analyst Andy Brown."We maintain our positive stance on both companies as strategically the deal makes sense for Costain while for Mouchel it gives shareholders the opportunity to continue to benefit in longer term infrastructure attractions," Brown adds.The broker sticks with a 'buy' recommendation and target price of 290p.