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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/takeover-buzz-lifts-bskyb-shares.jpg"><img class="alignnone size-full" title="The FTSE 100 was 12.8 points lower at 5939.1 in early trading" src="http://londonglossy.com/wp-content/uploads/2010/12/min-takeover-buzz-lifts-bskyb-shares.jpg" alt="The FTSE 100 was 12.8 points lower at 5939.1 in early trading"/></a></p>
<p>Investors are betting that News Corp&#8217;s takeover of BSkyB will go ahead after business secretary Vince Cable lost his power to block the deal.</p>
<p>BSkyB shares rose more than 1%, up 10.5p to 739p, as Investec Securities said the probability of News Corp being given the green light to acquire the remaining 61% of BSkyB it does not already own had risen to 90% from 66%.</p>
<p>The final decision rests with culture secretary Jeremy Hunt, who is due to receive a report on the matter from regulator Ofcom at the end of the month.</p>
<p>The rise in Sky&#8217;s share price was accompanied by a strong session for banks, although weaker mining stocks and a thin session for volumes meant the FTSE 100 Index slipped from recent highs to stand 12.8 points lower at 5939.1.</p>
<p>Outside the top flight, Northern Foods jumped 7%, or 4.5p to 65p, as it confirmed interest from food tycoon Ranjit Boparan in making an offer for the Fox&#8217;s biscuits owner and hijacking an existing deal with Ireland&#8217;s Greencore.</p>
<p>In other takeover developments, outsourcing firm Mouchel rose 16% or 12p to 85p after Costain said it had made an all-share approach valuing the embattled company at around £118 million. It was rejected by Mouchel, which said this month it had received buy-out interest from a number of parties.</p>
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