Bottom Line: BSkyB’s forecast still uncertain January 26, 2014 WHILE headlines surrounding BSkyB’s second quarter results on Thursday will certainly centre around an expected drop in profits – which analysts say could be as much as 10 per cent – the escalating cost of sports rights and the uncertainty of hanging on to the most precious of those rights continues to cast a shadow [...]
London Report: Growth figures set to show UK’s strong recovery January 26, 2014 GROWTH figures for the fourth quarter are expected to give further proof of Britain’s booming recovery. Economists predict expansion of 0.8 per cent in the final three months – giving the UK its strongest yearly growth since 2007. Jonathan Loynes, of Capital economics, said: “We think that the preliminary estimate of GDP in the fourth [...]
5 big things we’ve learned from tech leaders at Davos January 23, 2014 From “The New Digital Context” discussion at Davos yesterday 1. The Internet of Things will be worth $19 trillionCisco chief executive John Chambers said that he expects the market of internet connected devices – excluding PCs, tablets and laptops – to be worth an incredible $19 trillion by 2024. 2. PCs are being left behind [...]
Fastest internet connection ever recorded in UK January 22, 2014 THE FASTEST ever broadband speed has been achieved during a test in London by BT and Alcatel-Lucent. The joint team said speeds of 1.4 terabits per second were achieved during the test on a 255 mile link between the BT tower in central London and Ipswich – enough to send 44 uncompressed HD films in [...]
Best of the Brokers for 23 January 2014 January 22, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com MICRO FOCUS INTERNATIONAL Panmure Gordon keeps the IT group at a “buy” rating with a target of 851p. The broker says Micro Focus is “sailing along nicely”, with a solid 10.1 per cent dividend yield, and that investors should take advantage of a [...]
BT breaks record for fastest ever broadband January 22, 2014 Alcatel-Lucent and BT have achieved the fastest ever broadband speeds in real world conditions. The speeds of 1.4 terabits (Tbps) per second were recorded in a field test conducted on a 255 mile fibre cable between the BT tower and Ipswich. The trial recorded spectral efficiency of 5.7 bits per second per Hertz. This is [...]
Vodafone and Sky in deal talks January 20, 2014 VODAFONE and Sky are holding high-level discussions on how the two companies could collaborate in order to curb BT’s growing reach in the broadband sector. The two firms have discussed options including a deal on Sky’s sports and movies channels or collaborating on a broadband service, people aware of the discussions told City AM. However [...]
What the other papers say this morning – 17 January 2014 January 16, 2014 FINANCIAL TIMES EE float put on hold by owners The flotation of EE, Britain’s largest mobile operator, has been put on hold by Orange and Deutsche Telekom, after the joint owners concluded they would secure a higher valuation for the business when its 4G telephone services take off. Orange and Deutsche Telekom – which has [...]
Inside Track: Bankers wait for pay to rise as bonuses come down January 16, 2014 There’s an episode in John Lanchester’s book, Capital, when the investment banker character Roger fears his bonus will be the same as his annual salary, £150,000. “In practical terms, that would be the same as being dragged out of the office and finished off with a bullet in the back of the neck,” the author [...]
Best of the Brokers for 15 January 2014 January 14, 2014 BSKYB UBS has hiked BSkyB from hold to buy with a target up from 880p to 1,100p due to a belief in Sky’s resilience despite increasing competition from the new BT Sport channel. UBS also said the firm could be a takeover target for Fox or a merger partner for Vodafone or Telefonica’s O2. DIAGEO [...]