WHAT THE OTHER PAPERS SAY THIS MORNING June 28, 2009 THE SUNDAYSThe Sunday TelegraphCAMELOT LAUNCHES CONSULTANCYCamelot, the national lottery group, has launched a consultancy business to lotteries globally and is close to winning its first piece of business advising the California operator. Camelot Global Services, an independent company, is expected to be appointed as a consultant to the California State Lottery and advise the US [...]
Energy groups must modernise June 28, 2009 Executives from top UK companies including Tesco, Rolls Royce and BT have warned the big six energy groups that their draconian contract terms will lead to more job losses unless they are massively overhauled. The Major Energy Users’ Council will hold a crisis meeting tomorrow.
THE LONDON REPORT June 25, 2009 THE FTSE 100 dropped 0.6 per cent yesterday, led by banks after a trading update from Standard Chartered failed to excite investors while commodity stocks were also under pressure. The index closed down 27.41 points at 4,252.57, after gaining 1.2 pe rcent in the previous session. Banks shaved most points off the index after Asia-focused [...]
Cable & Wireless powers ahead with a fifteen-year National Grid agreement June 24, 2009 COMMUNICATIONS group Cable & Wireless (C&W) yesterday secured a 15-year deal with National Grid, worth £207m, to support electricity transmission in the UK. C&W will design, deliver and manage a telecoms network for National Grid, becoming a key player in a new era of power transmission, and challenging BT’s dominant position as a next a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 21, 2009 THE SUNDAYSThe Sunday TelegraphBA CHIEF SNUBS SELECT COMMITTEEWillie Walsh, chief executive of British Airways, has refused to go before the House of Commons transport committee to give evidence on the future of aviation. The hearing, os scheduled for Wednesday next week – coincidentally the first day of the month that Walsh will work without pay [...]
Ball to stay in ITV recruitment race June 21, 2009 TELEVISION broadcaster ITV was at the weekend trawling through a list of potential candidates to be its new chief executive, though there were mixed messages surrounding former BSkyB boss Tony Ball, who has previously been touted as the favourite to succeed Michael Grade. Russell Reynolds, the headhunter hired to lead the search for the channel’s [...]
BEST OF THE BROKERS June 21, 2009 RECKITT BENCKISERMorgan Stanley analysts reiterated their “overweight” stance on Reckitt Benckiser, the UK consumer goods producer, stating fundamentals remain strong and the share price is attractive. They said Reckitt is now trading at the cheapest multiples – around 13.7x PE – seen since Reckitt & Coleman and Benckiser merged in December 1999. CARPHONE WAREHOUSERBS raised [...]
BSkyB and ESPN set to carve up Premier League Setanta rights June 21, 2009 BROADCASTERS were last night putting the final touches to bids to acquire the live media rights to the English Premier League which have been revoked from troubled firm Setanta. BskyB and Disney-owned ESPN are expected to carve up the 46 football matches between them after Setanta’s board failed to find a last-ditch solution, putting it [...]
Hewitt expands BT role June 18, 2009 FORMER trade and health secretary Patricia Hewitt will become BT’s new senior independent director, the telecoms giant said yesterday.Hewitt, who takes up the new role next month, is expected to be a key contact for major institutional shareholders. The MP for Leicester West, who retires from Parliament at the next general election, has sat on [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 18, 2009 FINANCIAL TIMES GLENCORE WEIGHS UP FLOATATIONGlencore, one of the world’s largest private companies had held preliminary talks with bankers about an initial public offering as it reviews its partnership structure, to a person familiar with the company. While an IPO is not is not considered imminent, a move into the public spotlight would mark a [...]