Sky, drinks and leases

The blue-chip index began on the front foot following a surprise move by the Bank of Japan to implement negative interest rates which sent Asian stocks rocketing higher. US markets also forged ahead overnight, providing additional positive support for UK equities.

“The imminent return of James Murdoch asSky’s (LSE:SKY ) chairman overshadowed first half figures which fell short of analysts’ forecasts,” saysAJ Bell Investment Director Russ Mould.

“Murdoch quit as chairman in 2012 during the phone hacking crisis and his return is inevitably fuelling speculation that father Rupert is planning to resurrect his attempt to take full control of the broadcaster.

“Soft drinks groupAG Barr (LSE:BAG) was up in early trading after it revealed a robust performance in a challenging and competitive market. The group is on course to meet its full year expectations.

“British Land (LSE:BLND) was another early riser after signing a new lease at The Leadenhall Building in the heart of the City. Quadrature Capital’s 10-year lease means the building – popularly known as the Cheese Grater - is now 94% let or under offer.”

Friday 29 January 2016

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