BT looking to launch a new music player February 26, 2012 BT is considering launching its own music service, putting it in direct competition with the likes of Apple’s iTunes and Spotify. A BT spokesperson said, “We’re keen to launch a music service this year, but the business model has to make sense.” He declined to comment on the nature of the product or its expected [...]
BT latest to plan legal service as claims business applies for Tesco law licence February 16, 2012 TELECOMS giant BT is muscling in on the legal sector after confirming yesterday that its claims management division has applied to become an alternative business structure under the so-called Tesco law. Wholly-owned subsidiary BT Claims currently just handles claims related to its parent group’s corporate vehicles, but if a licence is granted plans to roll [...]
Vodafone on the lookout for a rebound February 12, 2012 A little birdie is flying around, leaving a story in its wake that suggests Vodafone is interested in Cable & Wireless Worldwide (CWW), the communications network which once rivalled BT, but now just crosses its fingers for profit. Vodafone was quick to quell the comments, but might it slip a cheque under CWW’s door? It [...]
Stelios stays away from crucial shareholders’ pay row meeting February 12, 2012 EASYJET chairman Sir Michael Rake hit back last night after shareholder advisory body PIRC recommended that investors veto the airline’s remuneration report and abstain from re-electing him as chairman. Sir Michael said easyJet “was not surprised by PIRC’s recommendation given its well-documented position on remuneration” and pointed out that in the last year, the body [...]
London 2012 | IMAGE OF THE WEEK February 9, 2012 REFLECTING ON 2012 | OLYMPIC STADIUM AND TOWER This photo was taken by Jessica Glass as part of the BT Storytellers project. Jessica is just one of 100 people from across the UK who are taking part in a campaign to record the story of the London 2012 Olympic and Paralympic Games. The BT Storytellers [...]
BT Openreach cost could be capped further by Ofcom February 6, 2012 BT HAS spoken out against regulations suggested to the European Commission by media watchdog Ofcom which would see the wholesale broadband provider’s prices further capped. This marks the third time Ofcom has regulated rental costs for BT Openreach, which dominates the wholesale broadband line rental market. As they currently stand in draft form, the changes [...]
FTSE flat as investors eye key US jobs data February 3, 2012 THE FTSE was flat in early trading as investors awaited key US jobs data due out later. US non-farm payrolls are forecast to rise by 150,000 after a 200,000 increase in December, while the unemployment rate was expected to remain static at 8.5 per cent. On the domestic data front the UK service industry picked [...]
BT posts strong earnings February 3, 2012 Lower regulatory charges, cost cuts and strong demand for a wide range of services enabled Britain’s BT to post solid third-quarter core earnings on Friday and lift aspects of its forecasts. BT, which has offset falling revenues in recent years by deep cost cuts and an improving operational performance, said revenues for the three months [...]
The Games are the starting gun for race to transform British innovation January 31, 2012 Cisco has a growth plan for the UK, and Neil Crockett reveals why the Olympics is the perfect catalyst Q.What WAS YOUR BRAND’S PRIMARY REASON FOR BEING Involved with the games? A.It’s the first time worldwide that Cisco’s ever been involved in anything like this as a sponsor. We’ve been a supplier: we supplied to [...]
Miners fuel FTSE gains as Fed eyes growth January 26, 2012 The FTSE was boosted by the US Federal Reserve’s promise to keep interest rates – and therefore bond yields – ultra-low for the next couple of years while positive results from miners also contributed to gains. Fed chief Ben Bernanke said that it may consider further monetary easing and would keep rates near zero until [...]