Tories' Waning Lead Spooks Traders Betting on Sky Deal: Chart
(Bloomberg) -- The U.K. Conservative Party's narrowing poll lead -- now down to 4 percentage points, according to YouGov -- is weighing on Sky Plc shares, as the slim yet growing prospect of the opposition Labour Party taking power casts doubt over 21st Century Fox's bid to buy the broadcaster. The prospect of a Labour-led government is making investors “more tetchy,” said Alice Enders, head of research at Enders Analysis. “Certainly if Labour took over they'd halt the whole thing” by pushing for more regulatory scrutiny, she said.
To contact the reporter on this story: Joe Mayes in London at jmayes9@bloomberg.net.
To contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Sheldon Reback
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