Pay TV group BSkyB has received the backing of Crispin Odey, one of its top shareholders and one of Europe's most influential hedge fund managers, in the wake of last week's high-profile resignation of James Murdoch as chairman - please see http://uk.reuters.com/article/2012/04/10/uk-bskyb-odey-idUKB....

"I like Sky, I like Sky," Odey told Reuters on Tuesday. "In an environment where everything else (is falling apart) it's a good place to be.

"The whole way along (since we've owned it) everyone told us that it hasn't got a chance ... but it's coped with technology and now (as) a utility."

And nice to see today that BSkyB's share price has recovered by 2.9% when the FTSE 100 is down 2.2% and global markets have fallen sharply.

Jon