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LON100:SKY, Apr 21, 06:49 UTC

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Thursday, April 19


News

Sky PLC 9-month Operating Profit Climbs; Says On Track For FY - Quick Facts

SKY

Sky PLC 9-month Operating Profit Climbs; Says On Track For FY - Quick Facts. (RTTNews) - Sky PLC (BSY.L, SKY.L) reported Thursday that its nine-month statutory operating profit climbed 22 percent from last year to 857 million pounds. EBITDA, a key earnings metric, grew 10 percent to 1.69 billion pounds, and Established Business EBITDA climbed 14% to 1.8 billion pounds. Strong profit growth in UK and Ireland, and Italy was partly offset by weak profit in Germany and Austria. Revenue grew 5 percent to 10.14 billion pounds from 9.59 billion pounds a year ago. Further, the company said its business remains on track for the full year. Jeremy Darroch, Group Chief Executive, said, "Looking ahead, we have the right strategy and abilities in place to provide customers with the best content, products and service. Whilst we expect the consumer environment to remain challenging, the business is in good shape and we remain on track for the full year."

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Sky Posts Strong Sales Ahead of Likely Fox-Comcast Bidding War

SKY

Sky Posts Strong Sales Ahead of Likely Fox-Comcast Bidding War. BloombergApril 19, 2018. Sky Plc reported another set of strong quarterly results, a boon to shareholders anticipating a bidding war between 21st Century Fox Inc. and Comcast Corp. for the U.K. pay-TV broadcaster. Sky added 38,000 new customers in the period and like-for-like revenue rose 5 percent to 10.1 billion pounds ($14.4 billion), the London-based company said in a statement Thursday. “It’s been a good quarter for Sky,” Chief Executive Officer Jeremy Darroch said in the statement. “The business is in good shape and we remain on track for the full year.”. Rupert Murdoch’s Fox is weeks away from hearing the fate of its 11.7-billion-pound takeover of Sky, with a U.K. government decision due by June 13. Comcast, which has made a rival proposal for Sky at a 16 percent premium to Fox’s bid, is expected to formalize its offer shortly, setting up a bidding contest. The expectation of a tussle between Fox, which already owns 39.1 percent of Sky, and Comcast has sent Sky’s stock above Comcast’s 12.50 pounds per share offer announced in February. Fox bid 10.75 pounds per Sky share in December 2016. Fox ultimately plans to offload Sky to Walt Disney Co. as part of a $52.4 billion deal for the bulk of Fox’s media and entertainment assets announced in December. The prospects of the Fox-Sky deal currently hang on whether U.K. competition regulators think the tie-up would give Murdoch -- whose News Corp. owns The Times, The Sunday Times and The Sun newspapers -- too much influence over British media. They will give their recommendation to Culture Secretary Matt Hancock by May 1. Fox has offered a series of concessions to get the Sky deal through. They include giving Sky News an independent editorial board insulated from Murdoch’s influence, or selling the channel to Disney. Should the Fox-Sky deal be blocked and Disney completes its Fox acquisition, Disney would be forced to make its own 10.75-pounds-per-share bid for Sky, U.K. regulators said last week. Read Sky Posts Strong Sales Ahead of Likely Fox-Comcast Bidding War on bloomberg.com. What to read next.

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Saturday, April 14


Social Chatter

Friday, April 13


Social Chatter

Sky PLC (LON100:SKY) social chatter is higher than usual

SKY
Former head of British Armed Forces says Assad had no motivation to carry out chemical weapons attack, promptly gets cut off by Sky News host. Just a coincidence! https://t.co/6hYYYxrBM7

Thursday, April 12


News

Takeover regulator rules Walt Disney must make offer for whole of Sky if it succeeds in buying 21st Century Fox assets

DIS SKY +2 more DIS SKY FOXA FOX

The Takeover Panel also said Disney must match Fox's 1,075p a share takeover offer for the shares in Sky it does not already own. Takeover regulator rules Walt Disney must make offer for whole of Sky if it succeeds in buying 21st Century Fox assets. In the meantime, Disney agreed to buy Fox assets, including its stake in Sky, in a separate deal, which is also subject to regulatory clearance. Disney has said it did not believe it should be required to make a bid for the whole of Sky in line with Fox's existing offer if it bought the assets.

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TOP NEWS: Disney Must Bid For Sky After Fox Deal - UK Regulator

DIS SKY +2 more DIS SKY FOXA FOX

The regulatory body said that Disney would have to bid within 28 days of completion of its acquisition of Fox assets and that it its offer would have be of 10.75 pounds a share ($15.25), unless Fox has acquired 100% of Sky or Comcast Corp. CMCSA-0.89% or any other party has bought more than 50% of Sky by that time. Fox has also offered to buy the 61% stake in Sky it doesn't already own for a total of GBP11.7 billion, or GBP10.75 a share. The Takeover Panel said that it considers that securing control of Sky might reasonably be considered to be a significant purpose of Disney's acquiring control of Fox assets. Comcast said on Feb. 27 that it was considering making an offer of GBP12.50 a share for the whole of Sky.

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Wednesday, April 11


Social Chatter

Sky PLC (LON100:SKY) social chatter is higher than usual

SKY
THAT. IS. OUTRAGEOUS! 😱🔥 Ruben Neves with yet another absolute rocket to make it Wolves 2-0 Derby County! 🚀🇵🇹 Wat… https://t.co/QPypv5iqiS

Monday, April 09


News

Experts and Analysts Concerned About Comcast Corporation's Bid for Sky

DIS CMCSA +3 more DIS CMCSA SKY FOXA FOX

Experts and Analysts Concerned About Comcast Corporation’s Bid for Sky. By and large, though, analysts aren’t exactly excited about the possible pairing of Comcast and Sky, and that should bug owners of Comcast stock. What is at issue here isn’t just whether the global or pan-European OTT war is a war that Comcast can win. Hopefully, this is all just a gambit to nab Fox, or at least part of Fox, as Comcast attempted to do several months ago.

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