FTSE 100 movers: BSkyB drops over takeover worries

8th Jul 2011 14:38

Satellite broadcaster BSkyB is unsurprisingly at the bottom of the pile. The recent turmoil at Rupert Murdoch's News International, which has closed down its Sunday tabloid the News of the World, has sparked fears concerning a delay, or worse, of its proposed takeover of the satellite broadcaster. Opponents of the Murdoch empire are arguing that the events surrounding the News Of The World, which appears to have run an industrial-scale illegal phone hacking operation, show the Murdoch family are not "fit and proper people" to take full ownership of BSkyB. Meanwhile the retailers are on the rise ahead of a busy week for the sector. Associated British Foods (owner of Primark) and Marks & Spencer, which are due to announce updates next week, are in demand. Next and Tesco are also higher.Mining stocks Vedanta, Antofagasta, Kazakhmys, ENRC and Xstrata are among the fallers.British Land and Hammerson are also in the red after announcing acquisition. Property group British Land is paying £179m for 17 premium racket clubs, almost half of which are located within London's M25 orbital motorway. Meanwhile, real estate investment trust Hammerson has acquired a 999-year leasehold interest in a prime London location for £100m, including costs.BCFTSE 100 - RisersAssociated British Foods (ABF) 1,094.00p +1.86%Tesco (TSCO) 412.00p +1.19%Imperial Tobacco Group (IMT) 2,178.00p +1.16%Marks & Spencer Group (MKS) 380.40p +1.01%Man Group (EMG) 257.90p +0.86%British American Tobacco (BATS) 2,848.00p +0.83%Next (NXT) 2,416.00p +0.75%Autonomy Corporation (AU.) 1,788.00p +0.45%RSA Insurance Group (RSA) 137.70p +0.44%Capital Shopping Centres Group (CSCG) 387.30p +0.44%FTSE 100 - FallersBritish Sky Broadcasting Group (BSY) 772.50p -4.86%Vedanta Resources (VED) 1,973.00p -4.27%Antofagasta (ANTO) 1,437.00p -3.62%Essar Energy (ESSR) 399.40p -3.60%Kazakhmys (KAZ) 1,356.00p -3.49%ARM Holdings (ARM) 617.00p -3.14%Eurasian Natural Resources Corp. (ENRC) 789.50p -3.13%Xstrata (XTA) 1,376.50p -2.86%Royal Bank of Scotland Group (RBS) 37.16p -2.75%International Consolidated Airlines Group SA (IAG) 244.00p -2.40%