ITV could show Premier League in deal with BT August 21, 2012 ITV could strike a deal with BT to become the first terrestrial channel to show live Premier League football, it emerged last night, with the broadcaster in talks about an alliance that would see it screen some of BT’s matches from next year. Negotiations are at an early stage, say sources close to discussions, but [...]
Deficit soars as spending rises and receipts dip August 21, 2012 THE UK’S public finances came in for a clobbering in July with spending rising rapidly and tax receipts falling behind, according to the latest data released by the Office for National Statistics (ONS) yesterday. The public sector borrowed an extra £47.2bn in the first four months of the financial year, when correcting for one-off movements, [...]
CBI trends survey reveals ugly prospects for manufacturing August 21, 2012 FACTORIES’ orders collapsed in August with manufacturers expecting months of weak output, according to a survey of UK business trends released yesterday. A net balance of 21 per cent of manufacturers reported a worse than normal order book in August, collapsing from July’s result, where on net just six per cent reported below normal volumes [...]
Firms hold back on investment as they worry about recovery August 21, 2012 BUSINESS leaders are highly sceptical about the possibility of a recovery coming soon, and are postponing investment decisions as a result, a poll from the Institute of Directors revealed today. Almost two thirds of those polled believe there is low or zero probability of the UK climbing out of its slump during 2012 – and [...]
Heritage Oil calls off plans for rights issue August 21, 2012 HERITAGE Oil has cancelled its $370m (£235m) rights issue to fund its expansion into Nigeria, as it announced yesterday it is to sell a 26 per cent stake in a gas block to Tony Hayward’s Genel Energy. The London-listed oil explorer will sell part of the Miran Block, in the volatile Kurdistan region of Iraq, [...]
Orange and T-Mobile given 4G all-clear as new network born August 21, 2012 EVERYTHING Everywhere, the parent company of Orange and T-Mobile, yesterday won a significant victory as it received approval on plans to launch Britain’s first high-speed mobile data network. It will be able to bring the 4G service to the UK from 11 September, handing Everything Everywhere a head start on rival networks, after Ofcom freed [...]
NHS hospitals told to make money abroad August 21, 2012 LEADING NHS hospitals will be encouraged to launch profit-making ventures abroad to help subsidise services in the UK, the government said yesterday. A new organisation, backed by the department of health and UK trade and investment, will seek to link prominent British hospitals – possibly including Royal Marsden and Great Ormond Street – with foreign governments who [...]
Advisers JP Morgan Cazenove August 21, 2012 JP Morgan Cazenove is acting as a financial adviser for Heritage during the sale of its stake in Miran Block to Genel Energy. It has worked with Heritage since its IPO back in 2008. Barry Weir, James Taylor and Neil Haycock are the lead advisers on the deal. Weir, who heads the natural resources team [...]
Making up with Strauss won’t get KP a recall August 21, 2012 ENGLAND coach Andy Flower has warned out-of-favour star Kevin Pietersen that making peace with captain Andrew Strauss may not be enough to earn him a recall to the national team. Pietersen’s pariah status was underlined yesterday when he was left out of the 15-man squad for next month’s World Twenty20 in Sri Lanka, despite being [...]
Forget No1, England face battle to be No2 August 21, 2012 ANY remaining euphoria associated with being the world’s top Test team seeped away this week when England ceded that status to South Africa. A first home series defeat since 2008 followed two difficult tours and adds to the pressure on Andrew Strauss to raise their game again. What lies ahead, however, is a frankly difficult [...]
