BT wins hearing in fight against DEA November 10, 2010 THE Digital Economy Act was hanging in the balance last night after a judge granted a full hearing into claims the legislation was rushed through and could contravene EU rules. BT and TalkTalk have mounted a legal battle against the act, which they claim was not properly discussed before being passed during “wash-up” – the [...]
YouView presses ahead with plans for 2011 launch November 10, 2010 BBC-backed online TV service YouView stepped up preparations for its launch next year by officially approaching content providers who want to join the venture. YouView, which will support video and audio streaming as well as web-based apps, is discussing the technical implications of uploading content from disparate providers to a single platform. Richard Halton, chief [...]
Cable & Wireless Worldwide wins £10.3m government telco contract November 10, 2010 Recently demerged Cable&Wireless Worldwide (CWW) yesterday announced a new £10.3m contract with the Department for International Development (DFID). The contract is expected to save the government department around £9m over the five-and-half year term of the contract. The news follows an £82m contract agreed with the Foreign & Commonwealth Office in September. CWW will now [...]
Making the most from losing a job November 10, 2010 CEO OF THE MIND GYM IN ANY episode of Mad Men in which there is no infidelity, you can be sure that someone will get fired. As the insincerity oozes through Don Draper’s “I know you’ll do well”, we imagine the victim floundering in the harsh world beyond Sterling Cooper. In fact, however, they may [...]
BEST OF THE BROKERS November 10, 2010 GARTMORE Canaccord Genuity continues to rate the fund manager a “sell” and has reduced its target price from 101p to 71p. The broker believes a 33 per cent drop in assets under management next year is likely in the wake of uncertainty caused by company veteran Roger Guy’s decision to leave this week. HAMMERSON UBS [...]
Johnston Press hits new slump November 10, 2010 Regional newspaper publisher Johnston Press said yesterday its slow recovery from the collapse in advertising had been hit by the withdrawal of government ads, sending its shares slumping. The group, which owns the Scotsman and the Yorkshire Post, had said in August it expected to see some growth in its advertising market sometime this year. [...]
ODD JOBS November 10, 2010 GENERAL MANAGER, THE MERCER Before he made the move to Threadneedle Street restaurant The Mercer, Bedford ran restaurants such as Dakota in Notting Hill, The Collection in Chelsea and Mocota in Knightsbridge. Although he enjoys all aspects of managing a restaurant, wine is a special interest that has only intensified during his time in the [...]
Daisy buys SpiriTel for £27.3m November 10, 2010 Telecoms firm Daisy yesterday said it will buy rival SpiriTel in a £27.3m deal. In addition, Daisy will take on £6.1m of SpiriTel’s existing bank debt which, Daisy will refinance from its existing banking facilities. SpiriTel, which has been advised by FinnCap, unanimously recommended the offer to shareholders. Matthew Riley, chief executive of Daisy, said: [...]
Making money out of the East isn’t that easy November 10, 2010 DAVID Cameron is not having an easy time in China. Instead of idle rhetoric about trade and cooperation, Cameron’s visit has been overshadowed by human rights concerns, by global imbalances, and, perhaps most surprisingly, by a dispute over the symbolism of the poppy. China is one of the world’s most exciting countries, but it is [...]
THE TIPSTER November 10, 2010 The supermarket Sainsbury’s recently saw a dip in its share price, offering a rare buying opportunity for spread betters. Thanks to its immense property portfolio, Sainsbury’s is still preferred over competitors like Tesco. Capital CFDs quotes a price of 373.4p-374.0p. The G20 meeting in South Korea is now underway and the world is hoping for [...]
