Deutsche Telekom bids for rights February 5, 2012 Deutsche Telekom will bid on its own for exclusive satellite and cable rights to show Germany’s Bundesliga soccer games live, a magazine reported, opening a possible bidding war with Sky Deutschland. Should Telekom receive the rights, which are estimated to cost about €225m (£187m) every year, Der Spiegel reported yesterday that it might look to [...]
Chronicle wins at the box office February 5, 2012 Thriller “Chronicle” edged ahead of haunted house film “The Woman in Black” in a tight box-office race that saw both movies beating pre-weekend forecasts, studio estimates released yesterday showed. “Chronicle” brought in an estimated $22m from US and Canadian theatres.
CITY MOVES | WHO’S SWITCHING JOBS February 5, 2012 Mastercard UK The global payment processing network has appointed Marion King as president of its UK and Ireland business. King was previously CEO of VocaLink, a payments service provider to banks, corporations and governments. Prior to this she worked at Reuters for 14 years, holding a series of senior roles, most recently as managing director [...]
BEST OF THE BROKERS February 5, 2012 CLUFF GOLD Seymour Pierce recommends “buy” on Cluff Gold shares due to its acquisition of the Sega gold project in Burkina Faso for $30.5m. The new project – just 20km from Cluff’s Kalsaka mine – brings an extra 35 per cent of additional resource to the group. As $74/oz for the asset, this looks decent [...]
WALL STREET WEEK AHEAD February 5, 2012 EUROPE will again be at the centre of investors’ focus this week as the US earnings season passes the halfway mark and there is little on the economic calendar to give the market direction. Economic data expected this week includes weekly initial jobless claims, the Thomson Reuters/University of Michigan’s consumer sentiment index and international trade [...]
Politicians are slaughtering UK finance – the goose that is still laying the golden egg February 5, 2012 OVER recent years British business has withstood many onslaughts with quiet stoicism, but the latest politically inspired witch-hunts against financial leaders seems to have finally broken the camel’s back. The unpalatable truth is that politicians of all parties, in their selfish efforts to bolster their personal election prospects, have delivered a savage wound to business [...]
Regulation has pushed pharma off a cliff edge February 5, 2012 THE latest big pharma company to fall victim to the so-called “patent cliff” is AstraZeneca. Its announcement last week that it’s shedding 7,300 jobs globally is in part an acknowledgement that it does not have sufficient new drugs to replace revenues lost, as a number of its key drugs come off patent. Across the sector, [...]
Dickens gives a lesson on the value of money February 5, 2012 TOMORROW marks the bicentenary of the birth of Charles Dickens, an author whose writing made a continuous and concerted effort to marry the concepts of prosperity and morality. It is right, therefore, that, in view of the challenges we currently face, we celebrate the life and works of a great writer and Londoner. Never before [...]
RAPID RESPONSES February 5, 2012 Growing negative You are spot on (Britain is now an anti-business nation, last Thursday). These days I find the Conservative party an enigma – whatever happened to deregulation, low taxes and minimal state control, which are the core drivers for growth in any successful economy? We seem to be doomed to decades of low, or [...]
The five most useful things to know about Junior Isas February 5, 2012 JUNIOR Isas were launched in November 2011. Any child born before September 2002, who does not already have a Child Trust Fund (CTF), can be signed up, as well as all children born after 3 January 2011. The Junior Isa scheme supplants the CTF (though the government does not contribute to the new scheme), and [...]
