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 [...]
Mitie seeks out overseas deals as sales jump May 21, 2012 OUTSOURCER Mitie yesterday said it was eyeing international growth as it reported record revenues. The FTSE-250 company, which has dozens of UK government contracts, has a brimming order book with services including security and maintenance growing. Its pre-tax profits jumped 5.9 per cent to £94.5m for the year to the end of March. Mitie’s order [...]
FTSE drained by Spain and greece woes May 18, 2012 THE FTSE 100 tracked losses across Europe this morning as fast moving events in Greece and Spain drained investor confidence. Moody’s downgraded Spanish banks overnight and Fitch cut its debt rating for Greece as the Eurozone crisis deepened. Spain has lurched into recession and its borrowing costs jumped at an auction yesterday while its banks [...]
WHO’S SWITCHING JOBS May 15, 2012 Bank of Ireland Adrian Olsen has been appointed as Bank of Ireland’s new head of business banking in the UK. He has been with the bank for 12 years as a managing director and head of global project finance for its UK corporate banking division. Olsen has also previously held senior positions at Dresdner Kleinwort [...]
BEST of the BROKERS May 15, 2012 BT GROUP Following fourth quarter results, Espirito Santo has upgraded the telecom group from “sell” to :neutral” and ups its target price from 180p to 210p. The broker sees opportunities for cost cutting that should help reduce pressure on revenue and help Ebitda growth for 2012-13. It also expects BT Retail to be able to [...]