Comcast's Sky lets European media stocks jump to month maximum

Comcast's Sky lets European media stocks jump to month maximum

On Tuesday, M&A activity ensured rather a reserved start for EU equities right after Comcast made a sudden counterbid for pay-TV group Sky, bringing its equities up.

The STOXX 600 index rallied 0.1%, while Britain’s FTSE 100 edged up 0.3%.

Equities in Sky tacked on more than 18% in the face of Comcast's $31 billion offer that could confound Fox's initiative to purchase Sky and have it sold to Walt Disney.  

Sky shares actually overleapt Comcast's offer price, hinting that some market participants expect Fox/Disney to get back with a more attractive offer.

Europe's media index SXMP happened to be the top-performer, rising 1.7% getting to a one-month maximum. Equities in UK broadcaster as well as content producer ITV tacked on 2.3%.

The outcomes turned to be in focus once again, with British housebuilder Persimmon gaining 12% right after it posted a leap in full-year revenues as well as a higher reservations rate and had its interim dividend spurred.

The outcomes fired up the entire sector. As a result, Berkeley tacked on 2.9% and Taylor Wimpey soared 2.8%.

Outside of the STOXX, the subprime lender Provident Financial plunged in troubles saw its equities inch up 37% having told it would have 331 million pounds increased via a rights issue.

The broader equities performance appeared to be muted enough, although ahead of testimony from the fresh American Fed Chair Jerome Powell scheduled to take place later in the day closely watched by investors for further signs as for future rate lifts as well as his view on recent market fluctuations.

Worries over soaring inflation as well as higher bond revenues provoked a global equity market sell-off in early February, although as bond yields have relieved it has taken the pressure off stock indexes a bit.

 

Similar

Asia-Pacific stocks are mixed

On Friday, Asia-Pacific stock indices were quite mixed amid cautious trading after US President Donald Trump dared to cancel the highly anticipated summit with North Korean leader Kim Jong-no and also accused North Korea of ​​showing great anger as well…

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera