TV company forces FTSE down

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The FTSE 100 Index is currently down nearly 29 points to 4,400 after UK stocks dropped this morning, led by losses made by BskyB.

BskyB lost 36.5p to 565.5p after the pay-television company said net income in the three months ended June 30 dropped to £79m from £156m in the year-earlier period. Aviva also fell 17p to 547.5p after the insurer said its first-half net income dropped 28% to £379m. Rio Tinto, one of the world’s largest mining companies, shed 16p to 1,418p. In the meantime, Imperial Tobacco Group rose 2p to 1,196p after Citigroup advised investors to buy the stock. In Asia, Tokyo's Nikkei 225 index lost 130.55 to 11,010.02 earlier today, and Hong Kong's Hang Seng index dropped 76.86 points to 12,...

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