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Reuters Insider - Reuters Today: James Murdoch takes over Sky

Fri 29th January, 2016 10:02am
Click the following link to watch video:                              
 Source:             Thomson Reuters                                   
 Description:        James Murdoch is taking over Sky, making him one  
                     of the most powerful figures in European          
                     television. Tullet Prebon shares soar on a sweeter 
                     outlook and Airbus signs a deal with Iran.        
(To access all exclusive Reuters Insider programming visit: http://insider.thomsonreuters.com) 
 Short Link:  http://reut.rs/1RQsiK2  
Transcript (May be auto-generated)

                 Good morning and welcome to Reuters Today. I am Angeline Ong. James Murdoch is 
taking over at Sky, making him one of the most powerful figures in European 
television. He's returning as chairman of Sky four years after a phone-hacking 
scandal forced him out. His return may fuel speculation that 21st Century Fox, 
the global media group which Murdoch runs, may try to buy all of Sky. The news 
comes as the European pay TV group reported better-than-expected profits as new 
customers signed up in record numbers. Shares in Sky are up almost 1%, actually 
almost 1.5%, more than 1.5% now. Another gainer is Airbus. The European 
planemaker will make $27 billion worth of passenger jet planes for Iran. The 
order includes 12 super-jumbo A380 aircraft and comes after international 
sanctions were lifted earlier this month. AG Barr, the maker of Irn-Bru and 
Rubicon drinks says Q4 sales growth will be higher than 2.5%, sending its shares

Tullett Prebon's shares soaring 8%. The British interdealer broker said profit 
margins are going to be sweeter than thought, indicating a pick-up in its core 
business. Shares there up almost 8%. JCDecaux's shares set for its best day in 
six years thanks to strong full year results. But FirstGroup plunged to a record
after RBC slashed its rating and price target on the company. Let's turn now to 
the markets to see how we stand in early trade. The FTSE 100 is up around 1% 
while the FTSEurofirst 300 is up 1.5%. 

Now the British Prime Minister, David Cameron, travels to Brussels today for 
talks aimed at stopping the UK from leaving the EU. He'll meet Commission 
President Jean Claude Juncker who, according to sources close to the 
negotiations, is ready to offer the UK concessions on migration and benefits. 
The proposal would give any member state a right to deny benefits to new workers
arriving from other EU countries for up to four years. Cameron's suggested plan 
has been widely dismissed as illegal under treaties banning national 
discrimination. However, negotiators do say they want to help Cameron keep 
Britain in the bloc. EU leaders will discuss the UK's proposals at a summit in 
late February. That's it for now. I'm Angeline Ong and this is Reuters
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