A rise of 28.5p in the shares of the satellite giant BSkyB was reported immediately after the release of the news on Rupert Murdoch's indication of bidding for the remaining 61% stake in BSkyB's shares.

Murdoch's News International already owns 39% of BSkyB's business. He has now announced his plans of bidding at 735p a share for the rest of the part.

With the 5% rise in its shares, BSkyB has presented the best show at the FTSE 100 index.