BT/Sky, WH Ireland and Ceres Power

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“The FTSE 100 started the last session of the week in negative territory, as Brexit negotiations continued to dominate sentiment in the City. Asian markets were trading lower this morning, following on from an overnight decline on Wall Street,” says AJ Bell Investment Director Russ Mould.

BT and Sky’s shares edged up in early trading after they struck a deal which will see the two groups supplying each other’s TV channels. Sky will make the full NowTV service, which includes Sky Sports, Sky Cinema and the Sky Atlantic channel, available on BT TV's set top box with Sky receiving wholesale supply of the BT Sport channels. The deal underlines the importance that both groups put on sport, and especially football, in the battle to win and retain customers. BT’s shares were up by more than 0.7% while Sky was up by over 0.5%.

“Wealth management and corporate broking group WH Ireland’s shares fell after it warned that higher costs would adversely affect this year’s profitability. Revenues have risen and this trend is set to continue into next year but costs associated with transitioning to a new business model and regulatory changes were higher than expected. WH Ireland’s shares were down by over 4.0%.

Ceres Power was an early riser after a bullish trading update. The group expects income for the six months to the end of December to increase by around 80% to £3m having consolidated relationships with all its existing partners including Honda, Nissan and Cummins. The group is on track to begin field trials in 2018 and see a further significant increase in revenues. The group’s shares were up by more than 5.1%.”

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