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Sky cruises ahead of first-half results

The pay-TV giant looks set to deliver strong results, but it faces greater competition in 2016
January 29, 2016

There should be few surprises in Sky's (SKY) interim results, due Friday. The pay-TV titan attracted 130,000 new customers - a 7 per cent rise - in its first quarter, which helped to drive operating profits up a tenth to £375m.

IC TIP: Hold at 1049p

Investors will want to hear management's strategy in the face of mounting competition. The group will soon be up against Vodafone in the mobile market, while BT looks set to acquire EE and begin selling telecoms bundles in more than 600 retail stores.

Analysts at Haitong Research forecast EPS of 59p this financial year (45.7p in FY2015).