Sky stock holders protest

Sky shareholders registered a protest against James Murdoch’s return as chairman of the British pay-TV company, as votes of more than 28% of those cast at the company’s annual meeting opposed his re-election to the board.

The opposition was significant, given his father Rupert Murdoch’s 21st Century Fox is Sky’s largest shareholder with about 39% of the outstanding shares.

About 85% of the voting capital was represented, Sky said. The board’s decision to reappoint the younger Mr Murdoch as chairman in January was unanimous, Sky said.