BT jumps after Ofcom quashes fibre complaint June 19, 2014 OFCOM yesterday cleared BT over claims it had priced its flagship superfast broadband too high, boosting BT’s shares by almost two per cent. TalkTalk had complained that BT was abusing its dominant position in the way it priced its wholesale offering. BT offers its own broadband service to consumers, as well as charging rival operators [...]
London Report: Rolls rally lifts market closer to record high June 19, 2014 Arally by aircraft engine-maker Rolls-Royce and the US Federal Reserve’s reassurance over monetary policy yesterday pushed the FTSE 100 up to trade just below a record high. The London market ended the day 0.4 per cent higher at 6,808.11 points, not far from a record 6,950.60 set in 1999. Rolls-Royce surged 8.1 per cent to [...]
BT leads the FTSE 100 fallers on pension and regulation fears June 16, 2014 TELECOMS group BT dragged the FTSE 100 index down yesterday on concerns that it will be hit by an increase in its pension deficit and that Ofcom is preparing to crackdown on its wholesale pricing of superfast broadband. BT’s shares dropped 2.4 per cent, the biggest individual faller on the FTSE 100, with traders citing [...]
London Report: FTSE falls on BT pension fears and builders June 16, 2014 BRITAIN’S top share index slipped yesterday as concerns about a large increase in its pension deficit hit BT Group, while housebuilders extended their recent sell-off on prospects of a UK rate hike. BT fell 2.4 per cent, one of the biggest drags on the FTSE 100. Traders cited a Sunday Times report which said that [...]
City Moves for 16 June 2014 | Who’s switching jobs June 16, 2014 Wilmington Pedro Ros has been appointed chief executive officer, as incumbent Charles Brady prepares to retire from the business-to-business information firm. Ros joins from Creston, where he is head of strategic insight. He was previously chief executive and chairman of WPP-owned TNS. UBS Global Asset Management Martina Kay has been appointed global head of human [...]
FinnCap chief exec Sam Smith nabs a First Women gong June 12, 2014 “It’s a refreshing change to look out at a room full of women,” Katja Hall, deputy director- general of the CBI, told the crowd at the Lloyds-sponsored First Women Awards last night. “Most of the events I go to are full of white, middle-aged, slightly balding men.” Her boss at the CBI, John Cridland, took [...]
BT Sport’s free online content ad ruled offside after complaints June 11, 2014 THE ADVERTISING Standards Authority (ASA) has upheld a series of complaints against a BT Sport advert, ruling that the ad must not be shown again. The campaign, which depicted BT Sport presenter Jake Humphries talking over various shots of customers watching the channel on TV, a tablet and a computer, was shown on TV and received [...]
BSkyB launches new footie channel for Europe to block BT June 10, 2014 BSKYB has unveiled its seventh sports channel, dedicated to European football for next season, but the move got a tepid response from investors. Shares in Britain’s biggest pay-TV operator fell 0.8 per cent yesterday and one analyst said the move would “not drive customer growth or upgrades”. Sky Sports 5, which will be free to [...]
Bottom Line: A new front opens in the football wars June 10, 2014 DING ding, seconds out. Another round in the ongoing fight between BT and BSkyB, and this time Sky is the one landing a hard punch. BT shares fell 2.8 per cent on the pay-TV firm’s offer to bundle unlimited broadband free for two years with its new European football channel. The announcement took some shine [...]
London Report: BT falls on Sky’s sports news as FTSE closes flat June 10, 2014 AFTER two days of gains in which the FTSE 100 moved ever closer to its record high, London’s main share index yesterday dipped slightly as warring pay TV broadcasters dragged on the index. The London market closed on 6873.55, down 1.45 points or 0.02 per cent. BT Group fell 2.36 per cent to 396.50, the [...]