BSkyB and News Corp Shares Up on Testimony

Yesterday’s hysteria in Westminster was heavily discounted in the City and on Wall Street. As we go to pixel BSkyB shares are up well over 3% since yesterday’s open and News Corp’s shares bounced 4.51% yesterday on the back of the Murdoch testimonies.

Punters also slashed the odds of James Murdoch being forced to resign as News International CEO from odds on favourite to go, to a little less than evens. James Murdoch actually performed solidly yesterday, demonstrating a clear grasp of the issues. The way some people have been talking you would think they were on the verge of being burnt at the stake.

There will no doubt be more thrills and spills to come, wiser heads around Miliband might question the wisdom of becoming the anti-Murdoch party. When the dust settles, Labour may regret lashing itself to a cause of little interest to anyone outside the Westminster bubble and in the process making a mortal long-term enemy of James Murdoch. Guido has heard it remarked that it is actually right-wingers who should be wary of the media business being dominated by the next generation of Murdochs. James, Lachlan and Elisabeth are not conservatives like Rupert, they are actually centrist liberals with greenish tendencies who are embarrassed by the excesses of Fox News. Elisabeth was a big fundraiser for Obama. Imagine both the BBC and Murdoch empires preaching from the same hymn sheet.



Tip offs: 0709 284 0531
team@Order-order.com

GuidoFawkes Quote of the Day

David Cameron tells MPs after voting:

“Wouldn’t miss this for the world. Secret ballots very important. Remember the Chartists.”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

WALTER MITTY CV OF ANTI-FRACKING CANDIDATE WALTER MITTY CV OF ANTI-FRACKING CANDIDATE
Cassetteboy v Cameron and Farage Cassetteboy v Cameron and Farage
MICROSOFT SHAKES DOWN PUBLIC SECTOR FOR DOSH MICROSOFT SHAKES DOWN PUBLIC SECTOR FOR DOSH
WATCH: Toby Young Skewers Labour Zero Hours Contract Attack Line WATCH: Toby Young Skewers Labour Zero Hours Contract Attack Line
MAIL TRICKED INTO QUOTING BATMAN FILM IN PLANE CRASH COVERAGE MAIL TRICKED INTO QUOTING BATMAN FILM IN PLANE CRASH COVERAGE
ANTI-FRACKING PARLIAMENTARY CANDIDATE WANTED TO WORK FOR FRACKERS ANTI-FRACKING PARLIAMENTARY CANDIDATE WANTED TO WORK FOR FRACKERS

Crick Gets Paxo’d Crick Gets Paxo’d
Cameron’s Secret A-List Cameron’s Secret A-List
Corrections and Clarifications: Brooks Newmark Corrections and Clarifications: Brooks Newmark
What is Wrong With the Lobby? What is Wrong With the Lobby?
Arrogant Bercow: “I’m Not Going Anywhere” Arrogant Bercow: “I’m Not Going Anywhere”
GOVERNMENT SHELLS OUT FOR PHOTO OF DEAD ZEBRA GOVERNMENT SHELLS OUT FOR PHOTO OF DEAD ZEBRA
DWP Press Office Wins the Internet DWP Press Office Wins the Internet
Two-Faced Chuka Ruins Labour Attack Ad Two-Faced Chuka Ruins Labour Attack Ad
Cameron Mauls Miliband at PMQs Cameron Mauls Miliband at PMQs
Actual Pub Landlord Likes Farage Actual Pub Landlord Likes Farage
Dave’s SNP Poodle Zinger Dave’s SNP Poodle Zinger
GREEDY SOLAR INDUSTRY WANTS MORE PUBLIC CASH GREEDY SOLAR INDUSTRY WANTS MORE PUBLIC CASH
This is the worst thing the LibDems  have ever done This is the worst thing the LibDems have ever done
CLIMATE CHANGE FUELLED MOSQUITOES ARE NOT COMING TO GET YOU CLIMATE CHANGE FUELLED MOSQUITOES ARE NOT COMING TO GET YOU
ORDNANCE SURVEY OPENS UP DATA MAPPING TREASURE CHEST ORDNANCE SURVEY OPENS UP DATA MAPPING TREASURE CHEST
“I’d S**k Off David Cameron” “I’d S**k Off David Cameron”
WATCH: Cameron Heckled By Pensioners WATCH: Cameron Heckled By Pensioners
WATCH: Gove v Campbell WATCH: Gove v Campbell
Politician dumps his wife over sexy selfies Politician dumps his wife over sexy selfies
UKIP PROTESTERS ORGANISED BY GREEN LOBBYIST UKIP PROTESTERS ORGANISED BY GREEN LOBBYIST
You’ve Been Cricked! You’ve Been Cricked!
He’s Not Dancing Anymore He’s Not Dancing Anymore
Miliband’s Hedge Funder Hypocrisy Miliband’s Hedge Funder Hypocrisy
NATIONAL TRUST CLAIMS CLIMATE CHANGE IS “BIGGEST THREAT” NATIONAL TRUST CLAIMS CLIMATE CHANGE IS “BIGGEST THREAT”