CITY MOVES | WHO’S SWITCHING JOBS January 18, 2011 Fuller, Smith & Turner The brewer has appointed Lynn Fordham, chief executive of FTSE 250 private investment manager SVG Capital, to its board as a non-executive director. She will join both the remuneration and audit committees in addition to her seat on the board. Fordham has previously held senior financial, strategic and operational roles at [...]
YouView launch set to hit Sky January 17, 2011 BSKYB will come under pressure from new BBC-backed on-demand TV venture YouView, according to a new report by Evolution Securities. Media analyst Steve Malcolm also says Sky’s encroachment into its rivals’ broadband market – particularly BT and TalkTalk’s – is “overstated”. Malcolm estimates the digital switchover will soon bring Freeview and BBC and ITV-backed YouView [...]
BEST OF THE BROKERS January 17, 2011 BOVIS HOMES UBS rates the housebuilder “neutral” and has increased its target price from 401p to 430p. The broker has lifted its earnings per share forecasts after better than expected margins in the firm’s trading update, and believes Bovis can deliver better returns in the long-term. Returns growth at Bovis is below the sector average, [...]
THREE OTHER NUMEROLOGICALLY NAMED RESTAURANTS January 10, 2011 1 LOMBARD STREET Fine dining restaurant, brasserie and classy cocktail bar, 1 Lombard does suitable justice to one of the most august addresses in the City. Sitting above Bank station in one of the area’s grandest former banking addresses, it continues to be defined by the superb cooking of chef Herbert Berger. 1 Lombard Street, [...]
Miners and debt concerns leave FTSE lower January 10, 2011 EXCITEMENT over takeover talks at joint replacement specialist Smith & Nephew was not enough to keep the FTSE in positive territory as miners weighed on the index today. The FTSE 100 closed down 37.39 points or 0.6 per cent at 5,946.94 as worries over demand for copper in China and the impact of floods in [...]
Six new rural areas go to superfast January 3, 2011 BT has revealed the next rural communities to be upgraded to its superfast broadband network. After a public vote BT announced Baschurch, Shropshire; Blewbury, Oxfordshire; Caxton, Cambridgeshire; Innerleithen, Scottish Borders; Madingley, Cambridgeshire and Whitchurch, Hampshire will be next to be fitted with BT’s Infinity fibre optic broadband. BT unveiled a £132m rollout in Cornwall in [...]
Ofcom warns BT on competition December 21, 2010 Communications regulator Ofcom has warned BT it has infringed on competition law over its wholesale calls prices. The telecoms giant strongly denies the claims it squeezed margins by setting the price charged to other providers for its wholesale service at a level that would hit other operators between July 2008 and April 2009.
BT cannot hike prices to pay for retirement December 15, 2010 BT will not be allowed to increase the amount it charges rivals to use its infrastructure to help plug its pension deficit, communications watchdog Ofcom ruled yesterday. The move is a blow to the telecoms giant, which had hoped Ofcom would follow the example set by regulators of the postal, energy and water industries, which [...]
BT sells 5.5pc stake in Tech Mahindra December 14, 2010 BT yesterday completed the sale of a 5.5 per cent stake in Tech Mahindra in a move that could pave the way for further share sales in the Indian telecoms firm. The sale takes BT’s stake in the firm down to 24.4 per cent, with the UK telecoms giant saying “further sales may be considered [...]
BEST OF THE BROKERS December 13, 2010 GAME GROUP Brewin Dolphin had started covering the retailer with a “buy” rating and a three-month target price of 80p. The broker believes the stock is a strong candidate for active traders due to its volatility, and notes the firm’s market outperformance as mentioned in last week’s trading update. It looks forward to Game’s post-Christmas [...]