This is what happened to BSkyB’s shares just after the government announced it would back Labour’s motion on Wednesday calling for Rupert Murdoch to abandon his bid for the shares in the company he does not already own:
Labour officials tell us they think it would be “inconceivable” for Murdoch to continue his bid if there is a House of Commons majority against it. Investors obviously agree.
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Jim Pickard is the FT's chief political correspondent, having joined the lobby team in January 2008. He has been at the FT since 1999 as a regional correspondent, assistant UK news editor and property correspondent.
Kiran Stacey is an FT political correspondent, having joined the lobby in 2011. He started at the FT as a graduate trainee in 2008, working on desks including UK companies and US equity markets before taking over the FT's Energy Source blog.
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