Strong BSkyB results moves FTSE closer to 4800

BSkyB was the main contributor to the gains, as the FTSE 100 index earned 17 points or 0.4% to 4793.9 and climbed 1.1% on the week to its highest level since June 2002. BSkyB leapt 22p or 4.1% to 554p after announcing the pay TV company earned another 62,000 subscribers in the 3rd quarter to end of September 30th – substantially more than the 50,000 predicted. Its media rival ITV, the commercial TV network, also gained 3.75p or 3.4% to 113.25p while advertising giant WPP Group earned 6.5p or 1.1% to 587p. InterContinental Hotels Group also rose 10p or 1.5% to 680p after Deutsche ra...