BT makes plans to appeal Sky’s controversial sports pricing win November 27, 2012 BT has announced plans to appeal a controversial competition ruling over the price Sky is able to charge other broadcasters for its sports channels. The telecoms company said it had asked permission to challenge August’s decision from the Competition Appeal Tribunal (CAT), which stopped Ofcom from forcing Sky to lower the prices it can charge [...]
Superfast network keeps Hull internet provider KCOM in line November 27, 2012 YORKSHIRE-BASED telecoms company KCOM said “strong demand” for its superfast “fibre” broadband service had enabled profits to remain steady despite a fall in revenues. The company, which announced plans to treble its fibre network, posted a 4.7 per cent reduction in revenues to £188.7m in the half-year to October, which it blamed on “challenging conditions”. [...]
Next Fifteen sees writedown on embezzlement at PR firm Bite November 27, 2012 MARKETING group Next Fifteen wrote off almost £2m related to a fraud at the company’s PR firm Bite Communications yesterday. The alleged embezzlement, which the company said was down to a senior employee at Bite’s San Francisco office when it flagged the situation last month, is being investigated by the FBI. The announcement had sent [...]
St Ives resilient in headwinds November 27, 2012 Marketing and print group St Ives yesterday said it had seen a jump in operating profit year-on-year since the end of July, despite “broadly flat” revenues. The book publisher said it was making “good progress with our strategy to reposition the business [towards marketing] and offer an extended range of services”. It added that margins [...]
Apple fires mapping boss November 27, 2012 Apple has sacked the head of its maps division following the iPhone maker’s embarrassment over the service, which has been beset by problems. Richard Williamson was ousted by senior vice president Eddy Cue in a bid to regain trust in the division, Bloomberg reported yesterday. Apple changed the maps service on its iPad and iPhone [...]
Correction November 27, 2012 In our issue dated 27 November, we wrote that Diageo is believed to be considering moving its tax base to the UK. In fact, Diageo is currently a UK domiciled company.
Ofgem finds E.ON guilty of overcharging November 27, 2012 BRITAIN’S energy regulator yesterday ordered supplier E.ON UK to repay customers £1.4m for wrong charges it applied after they switched energy provider in 2008 and 2011. The energy supplier, one of the UK’s so-called big six, also agreed with regulator Ofgem to pay another 300,000 pounds into a consumer fund to help old people in [...]
Shares in Falkland Oil and Gas are hit by a miss at Scotia well November 27, 2012 FALKLAND Oil and Gas, which is engaged in a roller coaster ride to find oil in the disputed South Atlantic islands, lost almost half of its value yesterday when it announced the abandonment of a well following disappointing results. The statement wiped 49 per cent off Falkland’s volatile stock, sending its shares to an historic [...]
Record-breaking feats help Red Bull brand take flight November 27, 2012 IN the last two months, energy drinks brand Red Bull has raced into the headlines on more than one occassion. It has benefitted both from Felix Baumgartner’s stunning jump from the edge of space, and a winning Formula 1 team. But amid these record-breaking feats, what impact has this exposure had on the brand in [...]
Chemring admits 2012 has been extremely disapppointing year November 27, 2012 MILITARY equipment maker Chemring Group, which earlier this month issued its second profit warning in less than three months, said yesterday that its 2012 performance had been “extremely disappointing”. But its shares rose on relief that its year-end trading statement did not contain more nasty surprises. Chemring, which makes flares, and mechanisms used in ejector [...]
