Sky Share News (SKY)

Fox's Sky takeover faces major political obstacles, analysts say

(ShareCast News) - Analysts said Sky's takeover by Twenty-First Century Fox faces several obstacles, including the new political climate, 'fit and proper' tests of directors and the objections of shareholders over the price. On Friday, Rupert Murdoch's Fox approached the FTSE 100 company with a prel

Sunday newspaper round-up: Brexit challenge, US rate hike, Sky revolt, RBS

(ShareCast News) - Another legal spanner has been thrown into the works of the government's Brexit plans, with a High Court challenge to attempt to prevent the UK from pulling out of the European single market. The Sunday Times reported that claimants, including Peter Wilding of the British Influenc

21st Century Fox launches all cash offer for Sky

(ShareCast News) - Sky agreed to a take over by US media giant 21st Century Fox at a price of 1075p per share in cash, for a 36% premium on the shares' closing price as of 8 December. That translated into an £11.2bn offer for the 61% of Sky which Rupert Murdoch's Fox did not already own. Any divide

Sky launches mobile service into £15bn UK market

(ShareCast News) - Sky said it will launch its mobile service in the UK next month with 46,000 customers already pre-registered for what some analysts said will be a quick money-spinner for the broadcaster, though others foresaw problems. The service, via a virtual mobile network operator model usin

LONDON MARKET OPEN: BT Down, Sky And TalkTalk Up On Openreach Decision

EXTRA: UK Telecoms Providers Welcome Hammond's Fibre Network Plans

Credit Suisse reviews European media stocks; downgrades Pearson

(ShareCast News) - Credit Suisse updated its ratings and initiated on stocks in the European media sector. The Swiss bank upgraded RELX from 'neutral' to 'outperform' and bumped up the price target to 1,600p from 1,370p. It said the company's high-quality assets with market-leading positions have le

Tuesday broker round-up

(ShareCast News) - BT Group: UBS reiterates neutral with a target price of 400p. Tesco: JP Morgan reiterates underweight with a 135p target. Relx: Credit Suisse stays at outperform with a 1600p target. Pets at Home: HSBC reiterates buy with a 320p target. Royal Dutch Shell B: UBS starts coverage

Premier League agrees bumper £560m Chinese TV rights deal

(ShareCast News) - Chinese streaming service PPTV will pay as much as £650m to show Premier League games over the next three years, in what will be the football competition's largest ever overseas broadcast deal. PPTV is a unit of Suning Holdings Co, who bought a majority stake in Italian football g

PRESS: Sky And BT Chiefs Play Down Chance Of Football Bidding War - FT

DIRECTOR DEALINGS: Sky Non-Executive Director Ups Interest

Friday broker round-up

(ShareCast News) - Acacia: Jefferies keeps at buy with a target price of 610p. Tesco: HSBC reiterates hold, 195p target. Weir: UBS downgrades to neutral with a 1830p target. Sky: HSBC reiterates hold with a 820p target. Playtech: UBS keeps at buy with a 1060p target. Jupiter: JP Morgan keeps at

Sky shareholders protest reappointment of James Murdoch

(ShareCast News) - Over 50% of independent Sky investors voted against the return of James Murdoch as chairman at the annual general meeting (AGM) on Thursday, over concerns about board independence and the phone-hacking scandal. Despite that, the appointment went through after the company's largest

Sky makes strong start to financial year

(ShareCast News) - Subscription broadcaster and broadband provider Sky posted an update to its first quarter trading on Thursday, with group revenue up 7% to £3.1bn and like-for-like revenue up 5%. The FTSE 100 firm reported positive growth in all markets, with revenue in the UK and Ireland up £101m

Wednesday broker round-up

(ShareCast News) - Shire: Goldman Sachs keeps at buy with a target price of 6300p. Page Group: HSBC reiterates hold, 385p target. McCarthy & Stone: UBS keeps at sell with a 150p target. Arrow Global: Macquarie reiterates outperform with a 335p target. Electrocomponents: Citigroup keeps at neutral