FTSE in positive territory

Satellite broadcaster BSkyB led the FTSE 100 Index higher today after rejecting a £12bn (€14bn) bid by its biggest shareholder.

FTSE in positive territory
Tue, 15 Jun, 2010 - 13:16

Satellite broadcaster BSkyB led the FTSE 100 Index higher today after rejecting a £12bn (€14bn) bid by its biggest shareholder.

The offer from Rupert Murdoch’s News Corporation for the 61% of the firm it does not already own left shares 19% or 112p ahead at 712.5p, as the board snubbed the 700p-a-share proposal but left the door open to an offer of 800p or more.

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