CITY VIEWS: WHAT DOES THE T-MOBILE / ORANGE TIE-UP MEAN FOR COMPETITION IN THE MOBILE INDUSTRY? September 8, 2009 OLIVER THOMAS INSURANCE RISK PARTNERS “The merger doesn’t really worry me. There are still a number of service providers, and they all need to work together, so it is not like we are going to see a monopoly as such, like we had with BT. If there was more consolidation and less choice, then yes, [...]
Carillion gets an Openreach deal August 20, 2009 Building and outsourcing group Carillion said a joint venture it is leading has signed a letter of intent with BT Openreach for a £1bn support services contract. The firm said yesterday it expected to agree and sign the contract within the next two months. Openreach is BT’s local access network business. The contract will see [...]
The big kick-off is a blackout for some August 13, 2009 WITH the football season starting in earnest tomorrow, ESPN, the Disney-owned broadcaster, is proudly trumpeting its coverage on all four pay television platforms, BSkyB, Virgin Media, BT Vision and Top-Up TV. ESPN, which has taken over the rights to 46 live Premier League matches from the now defunct Setanta, agreed deals with all the main [...]
Rally ends as weak miners nudge FTSE down slightly August 10, 2009 THE FTSE 100 edged down yesterday, with investors booking profits from hefty gains in miners and banks last week, while the market searched for direction as the earnings season tailed off. The index ended down 0.2 per cent, or 9.36 points at 4,722.20, not far from a 10-month closing high of 4,731.56 on Friday. A [...]
Time to call a halt to the reporting season pile-up August 5, 2009 THE blizzard of blue chip companies reporting major results in the past fortnight has turned into an avalanche. Yesterday marked the last of the overwhelming diary days – at least for a while. The respite is a relief for the analysts tasked with producing research notes based on the results, not to mention shareholders and [...]
Top Up TV signs deal with ESPN to broadcast Premier League football August 4, 2009 TOP UP TV, the media group that offers premium content to Freeview, yesterday signed a carriage deal with ESPN to show top football this season and signalled that it hoped to offer subscribers Sky Sports 1 & 2 by the end of the first half of next year. Top Up founder and former BSkyB stalwart [...]
PENSIONS CRISIS AS DEFICITS SOAR August 4, 2009 FTSE 100 companies are running a combined pension deficit of £96bn, the largest ever recorded, a leading firm of consulting actuaries will reveal today. The collapse in stock markets means that the shortfall is more than twice the £41bn recorded a year ago, Lane Clark & Peacock’s (LCP) will say. The financial crisis has also [...]
ITV mulls new chief August 2, 2009 ITV’s board is today due to discuss the candidates short-listed to replace Michael Grade as chief executive, with some analysts expecting an announcement at its interim results on Thursday. HMV chief executive Simon Fox was last week the City’s new favourite to step into Grade’s shoes when he steps down at the end of the [...]
BP boosts FTSE as miners, telecoms and banks surge July 30, 2009 BRITAIN’S top share index ended close to a seven-month high yesterday, as better-than-expected earnings from the likes of BT boosted sentiment, lifting miners, banks and telecoms firms. The FTSE 100 closed up 1.9 per cent, or 84.08 points at 4,631.61 points, the highest level since January 6. The index is up 9 per cent so [...]
BT posts loss but cost cuts boost shares July 30, 2009 BT GROUP posted a 45 per cent drop in first-quarter pre-tax profit yesterday, driven by its loss-making Global Services (GS) division, but said that it had made a good start on meeting its new cost-cutting targets. Shares rose after the group reported pre-tax profit of £272m, on better-than-expected revenues of £5.2m, which were down three [...]