Weekly trading roundup
Sky shares soared in late Friday trading?while EuroMoney head for turbulent times
by Abi Moses on 11th December, 2016 and updated 11th December, 2016 10:51am
Yesterday we had a pretty exciting by day in the world of shares, with the Sky share price rocketing to new heights. Seeing a great deal of activity, we at Spread Betting saw the immediate response of Sky’s announcement, with 21st Century Fox putting their takeover wheels in motion.
Sky's share price ended Friday close to 27% higher at £10, with media giant Rupert Murdoch already owning just below 40% of Sky. Encouraging a ripple-affect on the trading market ITV also benefited from sector-related news, seeing their share price shoot in and impressive 5.5%.
As the Share 100’s best week since early July, many spread bettors enjoyed a healthy return this week, with such incredible hikes making for a string of betting success stories.
The BBC reported:
‘Overall, the FTSE 100 index closed up 22.66 points at 6,954.21, notching up five consecutive days of gains. Mediclinic International was another biggest riser on the index, up 4.6%.’
However, it was not all more of the same, with FTSE 250 feeling some turbulence. According to sources shares in Euromoney fell 6.25% after Daily Mail and General Trust claimed it would cut its holding in the company to about 49% from 67%, encouraging an influx of sales.
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