BSkyB shares hit 9 month high

BSkyB’s share price briefly touched a nine-month high as shareholders warmed to its victory over Ofcom in the battle over the wholesale pricing of Sky Sports channels.

The satellite broadcaster’s share price rose 19p, more than 2.5 per cent, to 762p in early trading on August 9th as investors welcomed the Competition Appeal Tribunal’s ruling, which looks set to reverse Ofcom’s decision to cut the wholesale price at which it sells Sky Sports to competitors.

Sky’s stock market surge saw the satellite broadcaster briefly hit its highest share price since the beginning of December 2011.

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