Spotlight on financial fair play in football: Uefa’s new fair play rules are called offside | City A.M. May 23, 2014 THE FAIRNESS of football’s so-called financial fair play (FFP) rules, which last week saw English champions Manchester City hit with a raft of punishments, was the overriding theme of last night’s City A.M. roundtable event. The debate, sponsored by BT Sport and held at its City of London premises, attracted a stellar audience, including former FA [...]
Spotlight on financial fair play in football: Uefa’s new fair play rules are called offside May 22, 2014 THE FAIRNESS of football’s so-called financial fair play (FFP) rules, which last week saw English champions Manchester City hit with a raft of punishments, was the overriding theme of last night’s City A.M. roundtable event. The debate, sponsored by BT Sport and held at its City of London premises, attracted a stellar audience, including former FA [...]
City Moves for 23 May 2014 | Who’s switching jobs May 22, 2014 Addleshaw Goddard The law firm has announced the election of John Joyce as a managing partner. He specialises in corporate restructuring. Joyce has been a partner since 1998, and was most recently head of business support and restructuring. Euler Hermes Bonding The surety bond provider has appointed Adam Hinc as a senior underwriter in its [...]
Google takes a bite out of Apple as world’s most valuable brand May 20, 2014 GOOGLE has dethroned Apple as the world’s most valuable brand, as its total value soared to nearly $160bn (£95bn) this year, according to new global research. The online search giant’s rise is due to its booming financial performance – Google’s revenues last quarter grew nearly 20 per cent to $15.42bn – and Apple’s lack of [...]
Ex-F1 champ Brabham dies May 19, 2014 THREE-TIME Formula One world champion Sir Jack Brabham has died aged 88 after battling liver disease. The Australian designed, built and raced his own rear-engined BT 19 car to world championship victory in 1966, after claiming back-to-back crowns in 1959 and 1960. Brabham, a former Royal Air Force mechanic, was knighted for services to motor [...]
Vodafone shares are in the red this morning. Here’s why May 19, 2014 Vodafone shares have shed 0.9 per cent this morning, following news that telecoms firm AT&T is buying satellite television provider DirecTV. The $48.5bn deal will create not only a fierce competitor to other cable companies, but significantly lowers the odds that AT&T will continue considering buying Vodafone. The merged firm will have around 26m video [...]
BT starts broadband hiring drive May 19, 2014 BT has pledged today to hire 1,600 new engineers to work on its Openreach phone and data network. The telecoms firm said the jobs are being created by its efforts to connect the whole country to superfast broadband lines. More than two-thirds of UK premises in the UK are now near an Openreach cable, the [...]
TalkTalk reaches one million TV customers faster than Sky or BT May 15, 2014 TALKTALK is signing up customers to its TV service faster than rivals Sky, BT and Virgin Media combined, with over a million customers using the service just 18 months after launch. The announcement came as TalkTalk reported revenue growth of 3.4 per cent to £1.7bn for the year to 31 March, in line with market [...]
Shares in BSkyB drop by 2.4pc as European merger talks confirmed May 12, 2014 INVESTORS yesterday shunned Rupert Murdoch’s plans to create a new satellite TV giant in Europe, sending shares in BSkyB 2.4 per cent lower after the group confirmed it is in talks with 21st Century Fox to buy its stakes in Sky Deutschland and Sky Italia. The deal, which analysts say could be worth up to £8.8bn [...]
Sky Europe: A force to be reckoned with? May 12, 2014 With the news this morning that 21st Century Fox is in early stage talks with BSkyB, Sky Italia and Sky Deutschland to create a pan-European satellite TV network analysts have been weighing up what such a move would mean. “If approved the company would be a force to be reckoned with in Europe,” said CCS [...]