FTSE 100 movers: BSkyB dips on BT report

18th Jan 2010 13:18

BT is mulling the launch of a price war with BSkyB by slashing the cost of televised sport in the UK. The telecoms giant is considering undercutting the subscription for Sky's sports channels by £10 a month, according to reports this morning, and will charge £15 a month for Sky Sports 1, compared with the £25.50 that Sky currently charges. Regulator Ofcom is said to meeting this week to discuss the whole issue of Pay-TV. BT and rival Virgin Media hope the regulator endorses its preliminary inquiry findings that Sky should reduce its wholesale prices by up to 30%. A decision is expected from Ofcom in March, though if it goes against BSkyB, it is also certain to appeal, which could delay a decision past the start of the next football season. That would dash BT's hopes to offer Sky's sports channels by the start of the next football season.International Power tops the rises on weekend press reports that French power giant GDF Suez has made a takeover approach to the energy group.The Sunday Times reported that International Power and GDF Suez have been in talks for months, though none of the companies has so far commented on the rumours. GDF Suez, which has received government approval to proceed, has yet to make a formal offer, the newspaper added.FTSE 100 - RisersInternational Power (IPR) 338.20p +5.03%Eurasian Natural Resources (ENRC) 1,030.00p +3.88%British Airways (BAY) 199.50p +3.64%Anglo American (AAL) 2,815.00p +3.40%Lloyds Banking Group (LLOY) 58.64p +3.28%Xstrata (XTA) 1,219.50p +2.61%SEGRO (SGRO) 339.10p +2.45%Marks & Spencer Group (MKS) 358.10p +2.43%FTSE 100 - FallersBritish Sky Broadcasting Group (BSY) 562.50p -1.92%BAE Systems (BA.) 363.00p -1.36%Cobham (COB) 236.70p -0.96%Wolseley (WOS) 1,479.00p -0.74%HSBC Holdings (HSBA) 698.10p -0.63%Man Group (EMG) 291.20p -0.51%Reed Elsevier (REL) 507.00p -0.49%Smiths Group (SMIN) 1,037.00p -0.38%