Privatised Royal Mail floats at 330p as any wanting more than £10,000 of stock get turned away October 10, 2013 Allocation details for the biggest privatisation since the 1980s have been released. Royal Mail shares have sold at 330p. All members of the public who applied will get £750 of shares, but anyone who applied for over £10,000 will get nothing. 67 per cent of shares will go to institutions (as opposed to the 70 [...]
AT&T chief fuels rumours of a European move October 9, 2013 AT&T has broadcast its interest in a European acquisition, raising hopes that the firm could make a play for telecoms giant Vodafone. Speaking at an industry conference on Tuesday, chief executive Randall Stephenson said that mobile services in Europe are, “a huge opportunity for somebody”. Stephenson has previously hinted that he might look to Europe [...]
Best of the Brokers for 10 October 2013 October 9, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com CREST NICHOLSON Goldman Sachs has started covering the housebuilder with a “buy” rating and a 530p target, as it lifts its forecasts for the entire industry. While GS thinks Rightmove, Persimmon and Talyor Wimpey are the best plays on the UK housing recovery, [...]
BT Sport unveil Arsenal deal October 9, 2013 FOOTBALL: Arsenal have agreed a commercial partnership with BT Sport allowing the broadcaster access to players and manager Arsene Wenger to create unique output and to promote its schedules through the Gunners’ digital channels.
UK mobile firms join meeting on broadband plan October 6, 2013 TELECOMS groups including the UK’s largest mobile operators will today meet with the Department for Culture, Media and Sport (DCMS) over ongoing plans for the rural broadband rollout. Executives from EE, Vodafone and Three will all attend a meeting to explore ways of expanding coverage using mobile technologies, according to a report from the Financial [...]
Energy innovation is stagnating and the implications for growth are stark October 3, 2013 EVERY day seems to bring better websites, cooler startups and niftier smartphones. But there’s one area where technological progress is barely crawling along. Unfortunately, it’s one race we cannot afford to lose. I’m talking, of course, about energy. To get an idea of the problem we face, consider two stories from last week: Ed Miliband’s [...]
UK to test white space technology October 2, 2013 Ofcom has announced that the UK is to be one of the first countries in the world to test white space technology. 20 public and private organisations will be participating in Ofcom's pilot program in the next six months. White spaces are the gaps in the frequency band used to broadcast digital terrestrial TV. Ofcom [...]
Advertising to hit £12.5bn in 2013 September 30, 2013 UK advertising spending is expected to grow to more than £12.5bn in 2013 on the back of the 4G promotional push by mobile operators, and BSkyB and BT’s campaigns around rival TV sports packages. Media buying agency ZenithOptimedia said the 2.9 per cent jump in 2013 is spurred by growth in mobile ads and higher [...]
Internet provider Kcom admits to debt rise in first half results September 30, 2013 COMMUNICATIONS and IT services provider Kcom Group yesterday said that it has performed in line with expectations ahead of its interim results due on 26 November. The Yorkshire-based company said that its net debt has increased since 31 March (reported at £88.2m), but that it expects to reduce its debt in the second half of [...]
Warburton could lead Celtic exodus amid Euro impasse September 30, 2013 LINGERING uncertainty over the future of European club rugby is causing a financial inertia that could prompt Wales and Ireland’s best players to flee their domestic clubs for rivals in England and France. British and Irish Lions captain Sam Warburton is among the Pro12 stars whose contracts expire at the end of the season but [...]