I have found the answer to my problem myself. It is as follows:
In IE go to:
tools/internetoptions/advanced/browsing/uncheck/disable "reusewindows for launching shortcuts".
I thought it would be something simple, but that certainly auto opens a new brower window when clicking on favorites or shortcuts. So no more loosing my streaming when clicking on a shortcut or favorite -
PS. By the way, a related tip that may help you in future is you can launch new windows if you press shift and click on the link, when normally they would open in the same window.