TV rights deal sends Arena shares racing July 22, 2009 SHARES in Arena Leisure, the largest racecourse operator in Britain, soared by over 30 per cent yesterday after it announced a deal with Satellite Information Services (SIS) for the provision of horse racing coverage to licensed betting offices in the UK and Ireland. Arena said that it will receive total revenues of around £106m over [...]
Canis to sell off Setanta slots July 22, 2009 PAY-TV channel consultancy Canis Media has been appointed to sell the nine slots left available on the Sky digital platform after the collapse of Setanta’s British operations. Deloitte, which is handling the administration, asked Canis to handle this latest stage of winding down Setanta’s business, which could raise up to £1m. Canis will also handle [...]
Ashes blow for England as Pietersen is ruled out July 22, 2009 ENGLAND’S sky-high hopes of reclaiming the Ashes plummeted yesterday when star batsman Kevin Pietersen was ruled out of the rest of the series. The decision came after the Hampshire player underwent surgery on a long-standing Achilles injury that deteriorated during the first two Tests against Australia. Pietersen, who will be sidelined for six weeks, had [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 16, 2009 FINANCIAL TIMES CLARKE WARNS CAMERON NOT TO CHALLENGE ‘PRO-BUSINESS’ STANCEKen Clarke, the outspoken former Conservative chancellor, has warned David Cameron not to translate his “standing up to big business” rhetoric into policies in government. However, the shadow business secretary said he “overwhelmingly approved” of Cameron’s transformation of the Tory party. “So long as Mr Cameron [...]
New stock value for Facebook July 13, 2009 Digital Sky Technologies (DST), the Russian investment firm that invested $200m in Facebook this spring, is offering $14.77 (£9.09) a share for stock in the social network, in a deal that values it at around $6.5bn. The new valuation is lower than the $10bn valuation at which DST originally invested, as well as the $15bn [...]
Beyond Tokyo Japan offers tranquility, history and cute monkeys July 12, 2009 KYOTOWhen America was at war with Japan, it left Kyoto off of its list of air raid targets. Even as an enemy, the US realised that it would be inhuman to destroy the city, with its countless temples and winding streets that drip with history, some of it dating back to the Eighth century. Having [...]
Sky fraud probed by UK site July 9, 2009 SKY CAPITAL Holdings, the brokerage at the centre of a $140m (£87.2m) “boiler room” investigation, threatened to sue a city website that was investigating its operations, a City source told City A.M. yesterday. The news came as it emerged that as many as 400 UK retail investors may have been duped out of their money [...]
Sky Capital six in fraud charge July 8, 2009 SIX former employees of Wall Street retail brokerage Sky Capital were yesterday charged with running a $140m (£87.2m) “trans-Atlantic boiler room” to defraud investors in both the US and the UK. US prosecutors announced a criminal indictment of fraud against Sky Capital’s founder and chief executive Ross Mandell and five others, while the Securities and Exchange [...]
Penguin chops 100 UK staff July 7, 2009 CONSUMER book publisher Penguin yesterday confirmed that it will axe up to 100 jobs in its London offices as it implements a series of changes designed to position the company for the digital era. The Pearson-owned publisher has entered into a period of consultation with employees regarding the dismissal of around 10 per cent of its [...]
Open air culture July 5, 2009 NOW that we’ve been experiencing the kind of clear blue skies and sunshine that put the last few summers, erm, in the shade, we’ve got to enjoy it. Summer in the city means making the most of its open spaces, and in this day and age, that means a whole lot more than plonking down [...]