BSkyB AGM in Edinburgh amid loss of European football

BSkyB will look to fightback after its European football setback. Picture: SNS
BSkyB will look to fightback after its European football setback. Picture: SNS
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INVESTORS will be hoping broadcaster BSkyB sheds some light on plans to replace top European football when they gather for the firm’s annual meeting in Edinburgh.

Sky lost the rights to show European Champions League football matches to rival BT Sport but said in statement that it would “focus on something else”.

While the deal came after the year end, it is likely that group chief executive Jeremy Darroch will address the issue at the AGM, which is the first time the company has held it outside London.

Today

• Majestic Wine – The wine warehouse operator is expected use its half–year results to update on the market on its progress in selling more “fine wines” above £20 a bottle and in breaking into the £5 billion on–trade market.

• Westminster – MPs return to the House of Commons following their recess, with work and pensions and the Energy Bill on the agenda.

Tuesday

• Treasury select committee – David Anderson, former chief executive of Co–operative Financial Services, will appear before MPs as part of their inquiry into the collapse of the Lloyds Banking Group “project verde” branch sale.

• Superglass – The City will look for early signs in the Stirling–based insulation maker’s full–year results of whether the UK government’s Green Deal programme is stimulating the market for home improvements to increase energy efficiency.

• Open Innovation – Saccade Diagnostics and Sologram will be playing the flag for Scotland when they go head–to–head with companies from Belgium, England, France, Germany and Ireland in the Converge Challenge Open Innovation contest, with £6,500 in funding up for grabs. The competition is the next step for the Converge Challenge, which is described as Scotland’s largest business competition and entrepreneurship training programme.

Wednesday

• Bank of England – Economists will pore over the minutes of this month’s monetary policy committee meeting for signs of when interest rates may be raised following last week’s quarterly inflation report.

• Royal Mail – Investment bankers from Citibank, Deutsche Bank, Goldman Sachs, JP Morgan, Panmure Gordon and UBS will appear before the House of Commons business, innovation and skills committee as they continue to investigate the privatisation of the postal service.

Thursday

• Mothercare – Buoyant international trading and restructuring efforts are helping to offset woes in the childcare retailer’s domestic market, with analysts expecting the group to swing back into the black at the half–year stage.

• Interface Excellence Awards – Interface, the public body that helps small firms to tap into expertise in universities, will present its annual awards, with a panel of experts also discussing how Scotland’s economy can “profit from innovation”.

Friday

• Royal Bank of Scotland – New chief executive Ross McEwan will give an insight into his plans for the bank and its role in the Scottish economy when he addresses a breakfast briefing organised by Scottish Financial Enterprise. He later speaks at the Business in the Parliament event at Holyrood.