Reading (/ˈrɛdɪŋ/ RED-ing) is a historic large market town in Berkshire, England, in the Thames Valley at the confluence of the rivers Thames and Kennet. It is on the Great Western Main Line railway and the M4 motorway, 40 miles (64 km) east of Swindon, 25 miles (40 km) south of Oxford, 40 miles (64 km) west of London, 15 miles (24 km) north of Basingstoke, 13 miles (21 km) southwest of Maidenhead and 15 miles (24 km) east of Newbury. Reading is a major commercial centre, especially for information technology and insurance. It is also a regional retail centre, serving a large area of the Thames Valley, and home to the University of Reading. Every year it hosts the Reading Festival, one of England's biggest music festivals. Among its sports teams are Reading Football Club and Reading Hockey Club, and over 15,000 runners annually compete in the Reading Half Marathon.