Sky profits rise as pay TV giant shrugs off BT challenge

Pay TV giant Sky shrugged off the increasing threat from rival BT as it notched up its best first quarter UK customer growth for four years.

The group said it added 77,000 customers in the three months to the end of September across the UK and Ireland, up 50% on a year earlier, while profits in the region leapt by a fifth to £358m (€486.42m), helped by cost cutting.