British Sky Broadcasting Group Plc, the U.K.’s largest pay-TV broadcaster, fell the most in almost a year after BT Group Plc unveiled sports channels to compete with the Rupert Murdoch-controlled satellite operator.
Best Buy Co., the world’s largest consumer-electronics retailer, will exit Europe by selling its 50 percent stake in a mobile-phone venture to partner Carphone Warehouse Group Plc for 500 million pounds ($775 million).
U.S. stocks rose, sending the Standard & Poor’s 500 Index trading to another record, as consumer confidence gained and investors bet central banks worldwide will continue their efforts to stimulate the economy.
BlackBerry, the Canadian smartphone maker, climbed to its highest level in more than a month after Chief Executive Officer Thorsten Heins said he sees sales of its new Q10 device to be in the “tens of millions.”
U.K. stocks declined, even as the FTSE 100 and FTSE All-Share Indexes both posted their longest- ever streaks of monthly gains, as mining companies fell and a report showed U.S. business activity shrank this month.