BSkyB continues to prosper against all the odds
When the UK economy started to crash, many people looked at companies such as BSkyB, the satellite TV operator, with expectations of a collapse in profitability and customer numbers. However, the company has this week revealed a further increase in profitability and great strides in the UK broadband market which is proving very lucrative for some of the major players.
Even though satellite TV is all the rage across the UK, with the Sky dishes seemingly on every corner of every street, spending on satellite TV and pay TV channels is classed as luxury spending and many people thought this would be one of the first areas to suffer. While it would be wrong to suggest that BSkyB has sat back and let customers come to it, spending significant money on improving services and advertising, the trend in customer numbers appears to be upwards as the company fast approaches the 10 million target initially set when the company was created.
Many people are now starting to wonder how the company will perform in the good times if it is performing so well in the bad times. If you're looking towards companies such as BSkyB as potential investments in the future it is vital that you take professional advice before investing your money because situations do change and the prospects today may be very different tomorrow.
Share this..
Related stories
UK economy grows by 0.6% - Q2 2013
25/07/2013 The latest figures from the Office for National Statistics (ONS) show that the UK economy experienced growth of 0.6pc in the three months leading up to June. The previous quarter showed economic growth of 0.3pc, and the new figures are said to be in line with forecasts. The service sector has been credited with the largest input to economic growth, while output grew in all constr...
Read MoreWhat comes first finance or employment?
Gordon Brown's £500 million scheme to get the long-term unemployed back into employment has prompted a very simple question, what comes first, finance or employment?
The very laudable scheme could well be weakened by the fact that business finance is very thin on the ground and more and more businesses in the UK are struggling to keep their operations ongoing. It therefore seems ne...
Is there a major cover-up in the UK banking sector?
As the news of more toxic losses across the UK banking sector breaks there is concern that many problems being experienced by UK banks are not being released into the public domain. While there is a need to clarify and confirm any potential losses there also an obligation for UK banks to inform shareholders as soon as possible regarding any substantial change in this circumstance. The fact that Go...
Read MoreWill mortgage changes drag the housing market lower?
Since the UK authorities stepped forward with a number of proposed changes for the UK mortgage market there has been much debate as to the overall impact this will have on the housing market. Some experts believe that up to one in five potential mortgage applications, and remortgage applications, could be effectively dead in the water leaving 2 million borrowers with no source for mortgage finance...
Read MoreGovernment loses key member of UKFI
UK Financial Investments (UKFI), the body set up to manage UK taxpayer banking stakes, has today lost a key member of the team with John Compton set to return to the City. This is the man who took a massive pay cut back in November 2008, leaving Merrill Lynch to join the UK government's new setup, but he was recently overlooked for the top job within UKFI and this appears to have been one of the m...
Read More