Global TV market set to channel over $300bn revenues by 2020 September 28, 2016 The global television market will be worth $325bn (£250bn) in revenues by 2020, PwC and the Institute of Chartered Accountants have forecast. A reported found the UK is regarded as a TV world leader and an exporter of content and technical and creative talent. According to the research, the UK’s success is driven by the [...]
The EU Commission has opened an in-depth probe into the massive London Stock Exchange – Deutsche Borse merger September 28, 2016 The European Commission has opened an in-depth investigation in to whether the planned £21bn merger between Deutsche Borse AG (DB) and London Stock Exchange Group (LSE) would reduce competition in financial markets. The proposed merger would combine the exchanges of Germany, the UK and Italy, as well as several of the largest European clearing houses, and create by [...]
Clinigen revenues shoot up by 84 per cent as chief executive Peter George makes way for new blood September 28, 2016 Peter George, the six-year chief executive of Aim-listed pharmaceuticals company Clinigen, is to leave the helm in November – but he's going out on a high note. The figures It's been a good week for UK pharma firms. Clinigen has posted a 25 per cent growth in adjusted earnings per share for its full year to 35p, with reported revenue climbing 84 per [...]
Before the bell: What you need to know before the US market open September 28, 2016 Germany has been forced to deny reports of a possible Deutsche Bank bailout after investors abandoned the troubled bank and megabrew is on after investors voted to approve the deal. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing up ahead of the open, though not by [...]
BT, TalkTalk, and Vodafone all perform badly in latest set of Ofcom complaints data September 28, 2016 Telecoms watchdog Ofcom has revealed the best and the worst performers when it comes to customer complaints for broadband, landlines, mobile, and pay TV. Complaints figures are presented per 100,000 customers and covers the three-month period from April to June 2016. BT topped the list of broadband complaints, followed by its subsidiary Plusnet, with 26 and 23 respectively. The industry [...]
Foreign exchange fraudster slapped with 20 more months in prison for failing to cough up September 27, 2016 A London foreign-exchange fraudster has had his prison sentence extended after failing to pay a court-ordered penalty. Alex Hope – dubbed King Popper for his champagne lifestyle – was jailed in January last year for seven years for duping investors out of £5.6m. His jail term was extended by nearly 20 months today after he failing to pay a court-ordered penalty. Hope [...]
Standard Chartered share price drops on US probe into alleged bribery in Indonesia September 27, 2016 Shares in emerging market-focused bank Standard Chartered were dragged lower today after news broke that the bank is the subject of a US Justice Department investigation. US authorities are investigating the London-based bank over allegations that Indonesian power company Maxpower – owned by Standard Chartered – paid bribes to win contracts between 2012 and 2015. Shares in the bank closed down by 2.5 [...]
Cambridge biotech firm sees shares jump over 100 per cent on US pharma deal September 27, 2016 Shares in Cambridge-based pharma firm Sareum have shot up by 130 per cent after it announced its up-coming cancer drug has been licensed to North American firm ProNai Therapeutics. Sareum will collect $1.9m (£1.45m) as an up-front payment and is in line for up to $88.4m over the next eight to 10 years provided the [...]
Global telecoms giants form pact with car makers to develop 5G self driving infrastructure September 27, 2016 Some of the world’s biggest telecom equipment makers have pledged to work with car giants on the infrastructure required to make driverless vehicles a reality. Ericsson, Huawei, Intel, Nokia, and Qualcomm will work with German car makers Audi, BMW, and Mercedes owner Daimler to put together the technology. It’s understood the group of companies are [...]
Oil price sinks after Iran and Saudi Arabia play down prospects of an output freeze September 27, 2016 Oil prices have sunk today as investors scale back their expectations of a deal to curb output between some of the world's biggest suppliers. Rival producers Iran and Saudi Arabia have both poured water on the possibility of a deal being reached to limit oil exports, which have remained at record highs all year. Both [...]
