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BSkyB shares slump as BT wins European football deal

Shares in British pay-TV giant BSkyB slumped on Monday after rival broadcaster BT won exclusive rights to televise all Champions League and Europa League matches. BSkyB shares dived 9.57 percent to 841 pence in morning deals in London, after news that it lost out to telecommunications firm BT. London's FTSE 100 index was up 0.15 percent at 6,718.39 points. Over the weekend, BT Sport revealed that it had secured exclusive rights to televise all Champions League and Europa League matches for three seasons from 2015/2016.

BT trumps Sky to show Champions League matches

By Kate Holton and Stephen Addison LONDON (Reuters) - Britain's BT has beaten BSkyB to win the right to show Champions League soccer from 2015, in the biggest blow to Rupert Murdoch's dominant pay-TV operator since it started broadcasting more than 20 years ago. BT, the 168-year-old former state telecoms monopoly, said it would pay 299 million pounds ($478 million) a season to add the glamour ties of Barcelona versus Manchester United and Real Madrid versus Bayern Munich to the English Premier League matches it already shows.

India Tata Motors quarterly profit soars 71%

India's Tata Motors said Friday its quarterly net profit surged by a surprise 71 percent as a robust performance by its British luxury marque Jaguar Land Rover offset a dive in domestic sales. The country's top vehicle maker has become heavily reliant on revenues from JLR which it bought for $2.3 billion from Ford in 2008 at the height of the global financial crisis. But the purchase, seen by auto analysts at the time as a risky gamble for the Indian company, has paid off dramatically for Tata Motors.

Tata Motors posts first profit gain in a year on Jaguar Land Rover sales

By Aradhana Aravindan (Reuters) - Tata Motors Ltd <TAMO.NS>, India's biggest automaker by revenue, beat analyst estimates with its first quarterly profit gain in a year as buoyant sales at luxury unit Jaguar Land Rover Ltd <TAMOJL.UL> got a lift from new models.

Tata Motors quarterly profit up 71 per cent on Jaguar Land Rover success

MUMBAI, India - India's Tata Motors reported a 71 per cent jump in quarterly profit Friday due to a strong performance at its Jaguar Land Rover unit, even as the automaker's domestic business continued to suffer in a weak economy. The company had net profit of 35 billion rupees ($560 million) for the quarter that ended Sept. 30, beating expectations. The result was entirely due to Jaguar Land Rover, where profit climbed 66 per cent to 507 million pounds ($815 million). Tata said there was strong demand for JLR's new range rover and other models.

BT profits hit by launch of TV sports channels

British telecoms company BT reported on Thursday a drop in quarterly profits after its entry into the market for the broadcasting of live television sport, notably English Premier League football. Pre-tax profit dropped 10 percent to £499 million ($800 million, 584 million euros) in the group's second quarter, or three months to the end of September, compared with the equivalent period in 2012, BT said in a statement. "BT Sport has made a confident start," said BT chief executive Gavin Patterson, who took over from Ian Livingston in September.

M&S to ask for more time as clothing sales keep falling

By James Davey LONDON (Reuters) - Marks & Spencer <MKS.L> is set to report a ninth straight quarterly fall in underlying clothing sales, with the firm likely to say it is too soon to see the full impact of a new general merchandise team and much vaunted new season ranges. Britain's biggest clothing retailer, which also sells homewares and food, publishes second-quarter sales on Tuesday and also reports first-half results expected to show a 12 percent fall in pretax profit - down for the third year running.

Sainsbury's takes price comparison spat with Tesco to high court

By James Davey LONDON (Reuters) - Supermarket J Sainsbury <SBRY.L> will take its spat over price comparisons with Tesco <TSCO.L> to Britain's high court, challenging a ruling by the advertising watchdog in favor of its rival. Britain's supermarkets are battling intensely for market share in tough economic conditions. Advertising is a major battleground. Earlier this year, Sainsbury's complained to the Advertising Standards Authority (ASA) over market leader Tesco's "Price Promise" scheme.

Ireland taps airline chief Walsh for debt agency as bailout exit nears

By Sam Cage DUBLIN (Reuters) - Ireland appointed airline chief Willie Walsh to its government debt agency on Monday, securing the former British Airways boss's broad experience as it returns to financial markets following a 85 billion euro bailout. Walsh, now chief executive of British Airways' parent International Airlines Group <ICAG.L>, will become chairman of the National Treasury Management Agency's (NTMA) board of directors once a law approving the board's creation has been passed early next year.

Britain's Dr. Martens bought by private equity firm

British footwear brand Dr. Martens, worn by Miley Cyrus and the Dalai Lama, has been snapped up by European private equity firm Permira for £300 million ($485 million, 350 million euros), it said Thursday. Permira said in a statement that it has agreed to buy R Griggs Group, the owner of the iconic brand of "Doc Martens" boots and shoes, in a deal which ends more than 50 years of family ownership. The transaction will add Dr. Martens to Permira's brands that include Hugo Boss and Valentino fashion labels, and retail chain New Look.
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