BT share price jumps as it confirms it wants to buy O2 back from Telefonica November 24, 2014 Shares in BT had risen 3.6 per cent to 393.9p in mid-afternoon as it confirmed it is in talks with Telefonica to buy its O2 UK mobile business. In a statement to the stock exchange this morning, the company said all discussions are at a "highly preliminary stage", adding that it is "continuing" to develop [...]
Web providers to store device data under privacy bill November 23, 2014 Internet providers will be forced to store details of the devices on their network and the content they access online in a push to improve national security, under new laws to be introduced by Home Secretary Theresa May. She said the new Anti-Terrorism and Security Bill was “a step forward”, but fell short of the [...]
Broadband industry slams BT’s monopoly for stifling innovation November 23, 2014 A trade group comprised of a dozen British telecoms firms, including Sky, Vodafone and TalkTalk, yesterday labelled BT’s control of national infrastructure a “monopoly position” that blocked competition and restricted innovation. The UK Competitive Telecommunications Association (UKCTA) called on Ofcom to let its members lay their own cables in BT ducts, use their own equipment [...]
Goldman Sachs lifts lid on top UK stock picks to rally next year November 20, 2014 GOLDMAN Sachs yesterday laid out its closely watched forecasts for 2015, with FTSE giants Crest Nicholson, BT and Arm among stocks it believes would soar in the next 12 months. The influential bank, which publishes stock research for large City clients giving investment ideas, published its conviction buys yesterday, written by a team of analysts [...]
Ofcom kicks off Premier League TV rights probe in shake-up of English football broadcasting November 18, 2014 A radical shake-up of the way English football is shown on television and sold to broadcasters has moved a step closer after regulator Ofcom launched an investigation into the Premier League. The probe could result in an increase in the number of top-flight matches broadcast live and a reduction in the cost of subscribing [...]
Five things we’ve learned from Chelsea’s financial results: FFP is no big deal but Stamford Bridge is still too small November 13, 2014 Not only are Chelsea a table-topping team currently pulling away of all competitors, they are also rapidly becoming one of the Premier League’s best businesses. The current league leaders today revealed their financial results for the 2013/2014 season and they’re guaranteed to put a smug smile on fans’ faces. The west-Londoners revealed record [...]
Our awards are here – dig out those gladrags November 12, 2014 FROM top hats to Louboutins, the City is dusting off its finest this morning for tonight’s hugely anticipated City A.M. awards at Grange St Paul’s Hotel. With 14 awards to hand over, we’re looking forward to loading up the mantelpieces of the City’s most hard-working and successful names. In the running we’ve got well-known City [...]
Vodafone’s UK broadband plan to counter BT: “If they come harsh on mobile, we will come harsh” November 11, 2014 Vodafone is preparing to take BT head on next year, when it launches broadband and TV offerings in the UK to challenge the former state monopoly’s plan to encroach on its turf with a mobile service. Chief executive Vittorio Colao did not say how Vodafone would price its broadband or TV when it launches in [...]
TalkTalk puts aside £25m to add more customers as demand soars November 11, 2014 TalkTalk is planning to invest up to £25m in acquiring more customers in the second half of the year, as demand for its broadband, TV, mobile and fixed-line telephone packages continued to increase during the first half of 2014. Chief executive Dido Harding told City A.M. the spend was “a thoroughly good thing… We’re actually [...]
City Moves for 11 November 2014 | Who’s switching jobs November 10, 2014 RSA Ian Hood has been promoted to the newly-created role of group chief digital officer at the insurer. He was most recently digital and multi-channel director at RSA, and has also held senior positions at MORE TH>N, Swiftcover, and Direct Line. Deutsche Bank JP Rangaswami has been appointed chief data officer at the bank. Based [...]