Sky invests in new TV production company
23rd Mar 2016 08:19
(ShareCast News) - Sky has taken a minority stake in Sugar Films, a new independent production company founded by a group of senior television professionals, alongside Discovery Channel president Mark Hollinger, who has also invested in the company and will become chairman. Led by former BBC chie
Read moreMonday broker round-up
21st Mar 2016 18:26
(ShareCast News) - Gulf Keystone: Canaccord downgrades to sell with a target price of 14p. B&M European: UBS reiterates buy, 350p target. Ascential: Goldman Sachs reiterates buy with a target price of 278p and Exane BNP Paribas stays at neutral with a target price of 250p. Premaitha Health: Panmur
Read moreSky CFO Griffith to take on wider role
21st Mar 2016 13:16
(ShareCast News) - Sky has announced that chief finance officer Andrew Griffith's role has been expanded to also include that of group chief operating officer. Griffith, who has been Sky's CFO and an executive director since April 2008, is also the managing director of commercial businesses and will
Read moreSky launches virtual reality production unit with F1 film
17th Mar 2016 15:44
(ShareCast News) - Subscription broadcaster Sky announced a new commitment to virtual reality on Thursday, creating a dedicated in-house production unit - Sky VR Studio. The FTSE 100 firm would release the unit's first pieces of content - two films shot during Formula 1 testing in Barcelona - on Fri
Read moreSky invests $6m in US sports streaming service
10th Mar 2016 07:37
(ShareCast News) - Sky has invested $6m (£4.2m) in US video streaming service fuboTV, which provides subscribers with a premium, over-the-top bundle of sports TV channels. This is part of fuboTV's series B round of funding and is the latest in a series of strategic Sky investments in innovative star
Read moreSky to invest $45m in Asian streaming service iflix
9th Mar 2016 09:09
(ShareCast News) - Sky has formed a strategic partnership that will see it invest $45m (£31.6m) in Southeast Asian streaming TV service, iflix. As part of the partnership, the parties will work together to identify areas of future collaboration across the emerging markets in which iflix operates. I
Read moreMonday broker round-up
29th Feb 2016 13:16
(ShareCast News) - IMI: JP Morgan reiterates overweight with a target price of 850p, Credit Suisse and Canaccord stays at underperform, Investec and HSBC keep at buy, 920p and 1000p target respectively, Exane BNP Paribas maintains neutral and Societe Generale reiterates hold. Jupiter Fund Management
Read moreBT keeps hold of Openreach but must 'open up' network, says Ofcom
25th Feb 2016 07:09
(ShareCast News) - BT Group may still be forced spin off its Openreach infrastructure arm, regulator Ofcom said, unless it effectively opens up the network to rivals and implements major reforms. A review carried out by the telecoms regulator found under the current model of BT ownership Openreach l
Read moreSky sinks £0.3m into mobile app firm InCrowd
3rd Feb 2016 07:09
(ShareCast News) - Sky looked to increase its already strong relationship with sports fans on Wednesday, investing £0.3m into UK-based technology firm InCrowd. The FTSE 100 broadcaster and telecoms provider said the investment followed a series of partnerships with other technology firms in the US.
Read moreFriday broker round-up
29th Jan 2016 16:47
(ShareCast News) - Experian: Exane BNP Paribas upgrades to outperform with a 1350p target. Mitchells & Butlers: JP Morgan downgrades to neutral with 370p target, down from 420p Dcc: Exane BNP Paribas promotes to outperform with 6200p target. Lonmin: HSBC upgrades to buy, target 76p; Deutsche reite
Read moreLondon close: Equities close higher as oil prices rise, BoJ loosens policy
29th Jan 2016 16:11
(ShareCast News) - The UK equity market closed higher on Friday as oil prices rose and the Bank of Japan's latest policy decision was well received. Oil prices gained on hopes of a deal by major exporters to cut production to address the global supply glut. At 1640 GMT, Brent crude rose 1.4% to $34.
Read moreBroker tips: Lonmin, FirstGroup, Sky
29th Jan 2016 12:13
(ShareCast News) - After a poor share price performance, HSBC has upgraded Lonmin from 'hold' to 'buy' but has cut its target price from 135p to 76p. The company's first quarter production report out on Thursday was mixed, according to the investment bank. "Safety stoppages impeded production momen
Read moreLondon midday: Stocks gain on BoJ's negative interest rate
29th Jan 2016 11:00
(ShareCast News) - London stocks gained on Friday as investors cheered the Bank of Japan's latest policy announcement. The Bank of Japan unexpectedly decided to introduce a negative interest rate of -0.1% for new commercial banks' current account deposits. It means the banks will charged by the BoJ
Read moreSky rallies as Numis rates broadcaster at 'add'
29th Jan 2016 10:17
(ShareCast News) - Sky's 'add' rating and target price of 1,250p were kept unchanged by Numis after the broadcaster reported strong first half revenue growth. The company said in its interim results on Friday that statutory revenue for the six months to 31 December jumped 5% to £5.72bn from £5.44bn.
Read moreLondon pre-open: Stocks seen higher after surprise move by BoJ
29th Jan 2016 07:12
(ShareCast News) - London stocks are expected to open higher on Friday, taking their cue from upbeat sessions in the US and Asia, as investors react to the Bank of Japan's shock move to adopt negative interest rates. The FTSE 100 is seen starting 53 points higher than Thursday's close at 5,984. "Eu
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