FTSE 100 falls as Sky shares slide

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(Midday): The London grocery hide binding, with shares in Sky pile virtually 5% afterwards its up-to-the-minute trading update. Sky shares brutal contempt it coverage a 12% advance in operational earnings to ВЈ1.1bn in the ix months to Marchland. Analysts cited worries some a potential raise in the toll of TV rights to Germany's Bundesliga as the cause for the surrender.

Presently ahead noontide, the FTSE 100 indicator was kill 39.57 points, or 0.6%, at 6,370.69. Oil and commodity-related stocks were having another adieu, as the cost of oil steadied later the External Vigour Office predicted a big founder outturn from non-Opec producers this yr.



Shares in BP rosebush 1.3% and minelaying behemoth BHP Billiton was 1% higher. Remote the FTSE 100, Ladbrokes was up 1.9% afterwards the bookie aforementioned it was "sure-footed" its results would be in occupation with expectations, contempt describing this class's Cheltenham fete as its "whip in support retentiveness".

On the up-to-dateness markets, the pounding roseate 0.3% against the buck to $1.4375, and was 0.2% higher against the euro at €1.2712.