FTSE 100 Live: BT-Verizon deal; Stocks wobble as US and Iran renew talks; Burnham lays out plans for government
BSkyB and BT spent £3bn to show Premier League June 14, 2012 Shares in BskyB and BT have fallen after markets reacted to their decision to pay £3bn to receive legal rights to broadcast English Premier League football. BSky’s shares fell by seven per cent and BT’s by three per cent. BT is to show 38 games a season in 2013-14 and the remaining 116 games will [...]
Eurozone concerns and football bid war keep FTSE pinned back June 14, 2012 The FTSE 100 fell back in early trading, reversing the previous session’s gains, with Eurozone concerns dominating after Spain’s debt rating was downgraded and Italy faces up to a crucial bond auction. Last night credit ratings agency Moody’s slashed its rating on Spanish government debt by three notches to ‘Baa3’ from ‘A3’, saying the newly-approved [...]
Premier League’s £3bn TV bonanza June 13, 2012 BT shot into the lucrative world of Premier League football yesterday, splashing out £738m to share domestic rights with BSkyB as the cost of broadcasting live games rocketed by an eye-watering 70 per cent. Fierce competition for the rights, believed to have involved channels such as Al Jazeera and current holders ESPN, saw the price [...]
Mouchel warns its investors to brace for losses June 11, 2012 INFRASTRUCTURE expert Mouchel saw its stock plummet yesterday after it warned that its restructuring options were limited and existing shareholders would be all but wiped out under the plans. The company has issued a string of profit warnings and has been seeking fresh funds to get it back on track. “All the options being considered [...]
ADVISERS ROTHSCHILD May 31, 2012 WARNER MANDEL GLOBAL HEAD OF MEDIA Logica was advised by a bumper team comprising Rothschild, Deutsche Bank and Bank of America Merrill Lynch. Heading the Rothschild group was Warner Mandel, global head of media and technology, who advised BT on the sale of Yell and Trinity Mirror on the sale of Racing Post. Mandel was joined [...]
BT pulls plug on Kensington internet plan May 30, 2012 THE Royal Borough of Kensington and Chelsea could become a “technological backwater” after BT sensationally withdrew its plans to roll out super-fast broadband to the area. The telecoms giant had planned to install 108 street cabinets that would have provided super-fast broadband to up to 34,000 homes and businesses. However, the council rejected 96 of [...]
CITY VIEWS | ARE BUSINESSES DOING ENOUGH TO FIGHT INTOLERANCE TOWARDS HOMOSEXUALITY? May 30, 2012 ALISHA FRANCIS HEALTHCARE AUSTRALIA I don’t think they’re doing enough. The senior levels of management don’t seem to think it’s a big issue whereas at the bottom it’s seen as too sensitive to touch so these problems never get attention in the way they should. Also, I agree with Lord Browne that the legal profession [...]
CITY VIEWS | DO YOU KNOW HOW MUCH MONEY IS COVERED BY DEPOSIT PROTECTION? May 28, 2012 RICHARD BARNES ABERDEEN ASSET MANAGEMENT I wouldn’t like to guess. It should be publicised. A whole industry has occurred for bank charge claims and there are no doubt more issues that people aren’t aware of – so the more information the better. ZAZA DARILMAZ EAD I have no idea. Not a clue at all. But [...]
BT boss earns £7.9m packet May 24, 2012 BT chief executive Ian Livingston took home £7.9m last year, including a £1.34m cash bonus and deferred shares worth £481,000. The BT boss earnt £240,000 towards his pension and expenses, and pocketed a £925,000 salary, which will not be raised next year. Livingston will also get £4.7m from BT’s £90m payout as part of its three year [...]
Sky Movies is cleared in probe thanks to Lovefilm and Netflix May 23, 2012 SATELLITE broadcaster BSkyB no longer dominates the pay-TV movie market following the arrival of new entrants Lovefilm and Netflix, the competition watchdog said yesterday in a reversal of its initial findings. But the decision drew angry responses from Sky’s main rivals BT and Virgin, who said its Sky Movies channel reduces competition. Laura Carstensen, chairman of the [...]