Regulation pushes EE revenue down ahead of £12.5bn BT deal April 27, 2015 Revenue at mobile phone network EE dropped by 1.1 per cent in the three months to 31 March, down to £1.47bn, ahead of its £12.5bn takeover by BT. The group linked the decline in revenue to the impact of regulation, and said underlying revenue had improved by 0.3 per cent compared to the first quarter [...]
Sky scopes out price hikes as loyalty increases April 21, 2015 BROADCASTER Sky opened the door to further price hikes for viewers yesterday as it reported the best customer retention numbers in 11 years. Sky boss Jeremy Darroch said there was scope to raise prices more in future as the group introduced better services and products for viewers. “We think generally the prospect for a little [...]
BT and Williams Martini Racing close to inking tech partnership April 21, 2015 LUIS Alvarez, the boss of BT Global Service, was revving up for the telecoms giant’s new partnership with the Williams Martini Racing Formula One team yesterday. The pair worked together on a pilot scheme last season and now plan to collaborate in the spheres of communications expertise, technology and consulting services. The benefits of the [...]
Sky share price touches 14-year high as profit and customers jump after splashing billions on Premier League rights April 21, 2015 Shares in Sky jumped as much as five per cent in early trading, touching a 14-year high, after the firm announced it had grown profit, revenue and customers The figures For the nine months to the end of March, Sky operating profit was up 20 per cent to £1.025bn on revenue of £8.453bn, which also grew five per [...]
Beware, Sid – Lloyds sale could be tricky April 19, 2015 A big retail offering of Lloyds shares is on the cards. Large-scale privatisation is back. David Cameron is promising a £4bn sale of Lloyds shares to retail customers, swapping one big government shareholder for thousands of individuals. An instant comparison is with the 1980s. Giant firms like BT, BP and British Gas were taken out [...]
London house prices: This nine-bedroom Chelsea mansion just sold for £51m – 300 times the average house price April 10, 2015 A house just outside Chelsea's super-upmarket square The Boltons has sold for just over £51m – that's 300 times the average house price for England and Wales. The Daily Mail reported the nine-bedroom property in Boltons Place had been sold to an offshore company – although the buyer got a deal: it was originally on [...]
Bafta TV awards 2015: Benedict Cumberbatch wins third leading actor nomination for Sherlock April 8, 2015 Benedict Cumberbatch received his sixth Leading Actor nomination at the Bafta Television Awards today, the third for his starring role in Sherlock. Other BBC dramas Happy Valley and The Missing also featured prominently in Bafta's nominations, with both receiving nods in the best drama series and leading actress and actor categories for Sarah Lancashire and [...]
BT names the date for EE vote April 1, 2015 BT shareholders will be asked to approve the £12.5bn acquisition of mobile network EE at a general meeting on 30 April. Shareholders are being invited to the meeting at Old Billingsgate at 10am. A simple majority is all that is required for the takeover to go ahead, although it is still subject to heavy scrutiny [...]
BT sets date for shareholder vote on EE deal as board member stands down April 1, 2015 The date has been set for BT shareholders to approve the £12.5bn acquisition of mobile network EE. Shareholders are being invited to a general meeting at Old Billingsgate on April 30, at 10am. Circulars are currently being sent out to relevant parties. Proxy forms are due by April 28 for those not attending the [...]
European glory worth €100m to English clubs March 31, 2015 WINNING the Champions League could be worth more than €100m (£72.3m) to an English club next season in prize money alone after governing body Uefa announced an increase in merit payments for 2015-18. This year’s Premier League winners could scoop a maximum of around €113m (£82m) if they go on to lift European club football’s [...]