Entertainment group Warner Bros moved a step closer to buying 'Supernanny' and 'Who Do You Think You Are?' producer Shed Media after a court approved the details of the takeover.

A strong opening on America’s benchmark share index helped secure gains on the FTSE 100 Index today as global markets rallied higher.

The maker of hit television shows 'Supernanny' and 'Who Do You Think You Are?' today said talks over a potential sale were “advancing” as it reported back after a tough year for the broadcast sector.

'Footballers’ Wives' and 'Bad Girls' maker Shed Media is to buy rival TV production company Wall to Wall for up to £25m (€34.9m).