BSkyB Warnsof Profits Hit
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Broadcaster BSkyB warned today of a possible pounds 20m hit to profits if a row with Virgin Media leads to its basic channels being pulled from the cable network.
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By MARK WILLIAMSON  SHARES in Emap slumped 4-per cent after the company, which owns radio stations including Radio Clyde, issued its third profit warning in a year.
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Manchester United reported lower annual profits of 27.9 million pounds from 39.3 milllion last time and warned future results would be affected by a drop in media revenues.
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British satellite broadcaster BSkyB said profit rose by 16 percent in the first quarter as the group enjoyed strong subscriber growth in the run-up to the key Christmas trading period.
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The newspaper concern warns about its third-quarter earnings.
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ITV is bracing itself for a penalty of up to Â£2.8m for the GMTV call-TV scandal.
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Telecoms operator BT Group on Thursday said net profits slumped 75 percent during its third quarter, skewed by an exceptional tax gain made the previous fiscal year.
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Nearly 400 profit warnings were issued by UK listed firms in 2007, including retailers and leisure companies.
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Business & money: Electrical goods retailer says annual profit will miss forecasts by as much as Â£50m after poor Christmas
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MANCHESTER United yesterday reported lower annual profits of Â£27.9m as it warned future results would be affected by a drop in media revenues.
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Jeweller Tiffany posts a profit warning, amid fears that the cooling economy will hit high-end consumers.
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Britain's pay-TV firm BSkyB  looked set for a costly climb-down after a regulator said it should sell more than half of its anti-competitive 17.9 percent stake in ITV .
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The introduction of congestion charging in Edinburgh could hit retailers' profits, a report says.
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Satellite broadcaster British Sky Broadcasting Group PLC reported strong growth in subscribers and a jump in revenue Friday, underpinning a 3 percent rise in quarterly net profit.
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Furniture retailer Courts yesterday issued a &quot;disastrous&quot; profit warning, blamed partly on hurricane Ivan&#39;s effects on its Caribbean business but mainly indicating further turmoil in its UK business.
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By Rupert Steiner  BSKYB, Rupert Murdoch's satellite empire, stands to lose up to Pounds 60m (E89m, $117m) in its next financial year from its increasingly heated spat with Sir Richard Branson's Virgin Media group.
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By James Daley  The satellite TV group BSkyB ramped up the stakes in its battle with the newly launched Virgin Media yesterday, taking out television adverts to warn cable customers that they could lose access to many of Sky's channels due to Virgin's reluctance to pay enough for them.