FTSE 100 movers: BSkyB and ITV hit by BT's big win

11th Nov 2013 14:42

In a major blow to BSkyB and ITV, telecoms group BT confirmed that it has won the exclusive rights to broadcast live the UEFA Champions League and UEFA Europa League for three seasons. This is the first time a single UK broadcaster has won the rights to all matches from both tournaments; Sky and ITV share the rights currently. BSkyB was the worst hit after Nomura downgraded its rating for the stock from 'buy' to 'reduce', saying that BT's willingness to overpay for the UEFA deal is "worrying for Sky and a bad sign for the next Premier League auction".RSA Insurance was also a heavy faller after launching an independent review of its financial and regulatory reporting processes and controls following the suspension of its Ireland Chief Executive Officer (CEO) and two of his senior executives. The company said the suspensions were as a result of "issues in the Irish claims and finance functions" identified during a routine internal audit.Meanwhile, financials were performing well today, with fund manager Aberdeen and financial services firm Schroders making impressive gains. Banking peers Lloyds, Standard Chartered and RBS were also heading higher, with the latter helped by a target-price upgrade from Jefferies. The broker downplayed recent fears after the creation of the internal 'bad bank'.Shire was a high riser after agreeing to pay $4.2bn for US biopharmaceutical firm ViroPharma, which it described as a "strategic move" to strengthen its rare disease portfolio.Shares in Mondi rose after Credit Suisse reiterated its 'outperform' rating on the stock this morning. Its price target of 1,310p is indicative of a position 28.56% upside. FTSE 100 - RisersSchroders (SDR) 2,532.00p +3.86%Shire Plc (SHP) 2,893.00p +3.47%Royal Bank of Scotland Group (RBS) 333.50p +3.41%Aberdeen Asset Management (ADN) 435.60p +3.17%Mondi (MNDI) 1,049.00p +2.94%Lloyds Banking Group (LLOY) 76.84p +2.24%Standard Chartered (STAN) 1,516.00p +2.19%Tullow Oil (TLW) 920.50p +2.16%International Consolidated Airlines Group SA (CDI) (IAG) 384.20p +1.94%Sage Group (SGE) 349.90p +1.57%FTSE 100 - FallersRSA Insurance Group (RSA) 109.10p -9.69%British Sky Broadcasting Group (BSY) 843.50p -9.30%ITV (ITV) 187.60p -1.52%Anglo American (AAL) 1,471.00p -1.44%Antofagasta (ANTO) 825.50p -1.31%Rio Tinto (RIO) 3,277.00p -1.27%BAE Systems (BA.) 452.20p -1.05%Meggitt (MGGT) 511.00p -0.97%Coca-Cola HBC AG (CDI) (CCH) 1,777.00p -0.84%Morrison (Wm) Supermarkets (MRW) 276.20p -0.79%NR