A report that Rupert Murdoch held talks about selling film and television assets to Walt Disney added another layer of uncertainty to his £11.7bn (€13.3bn) bid to buy all of broadcaster Sky.

A report that Rupert Murdoch held talks about selling film and television assets to Walt Disney added another layer of uncertainty to his £11.7bn (€13.3bn) bid to buy all of broadcaster Sky.

The British government yesterday said it had received the additional advice it had requested on Rupert Murdoch’s bid to buy broadcaster Sky, and it would decide whether to refer the deal for an in-depth review as soon as possible.

Veteran hedge fund manager Crispin Odey believes Britain is destined to have a recession, leaving richly valued stocks vulnerable to sharp declines, he said in a letter to investors.