French tycoon Drahi mulls US IPO for Sotheby’s auction house December 15, 2021 Patrick Drahi is reportedly eyeing up a potential listing for Sotheby’s, just over two years after the billionaire telecoms tycoon and art collector snapped up the renowned British auction house in a $3.7bn deal. Drahi has been exploring the prospect of floating Sotheby’s in the US as soon as next year during discussions with potential [...]
London markets post mixed bag as investors mull Bank’s next rate move December 14, 2021 London markets were a mixed bag yesterday as investors mulled the Bank of England’s next move on interest rates. A strong jobs print boosted investor sentiment yesterday morning, lifting the capital’s main indexes. However, the FTSE 100 gave up morning gains to close 0.18 per cent lower at 7,218.64 points, as did the mid-cap FTSE [...]
French tycoon Patrick Drahi’s Altice tops up stake in BT to 18 per cent for £1bn December 14, 2021 Patrick Drahi's Altice UK has this morning increased its stake in telecoms giant BT from 12.1 per cent to 18 per cent.
Dorries to grill BT boss over impending Patrick Drahi takeover December 12, 2021 Digital secretary Nadine Dorries has called in BT chief exec Philip Jansen to discuss its potential takeover by the French-Israeli billionaire, Patrick Drahi.
A European first: UK cuts technology trade deal with Singapore December 9, 2021 The UK has cut a technology-focussed deal with Singapore which looks to deepen trade ties with the Asian city-state. The Digital Economy Agreement seeks to play on the UK’s strength as a services exporter and will likely help London to continue muscling out continental rivals as the most technologically advanced city in Europe. International trade [...]
OneWeb moves satellite production to the UK injecting £2.3bn into space sector December 8, 2021 Taxpayer-backed satellite operator OneWeb has announced this afternoon that it plans to spend $3bn (£2.2bn) to move manufacturing from the US to the UK.
BT shares humbly climb amid talks of Discovery joint venture December 6, 2021 Shares were up at 170.33p this morning following weekend reports that Discovery, the US media group that owns the Eurosport channels, is in talks about a joint venture for their sports businesses with BT.
Steal the deal: Discovery in talks with BT Sports to derail sale to DAZN December 5, 2021 US media giant Discovery is in talks with BT Sports over a potential partnership deal that would derail months of talks with sports streaming service DAZN over a £600m outright sale. As talks between DAZN and the telecoms group have become mired over commercial details, Discovery has entered the mix with an alternative offer for [...]
BT launches new manifesto to ‘enact real change’ December 1, 2021 BT Group has launched a new business-wide plan to focus and accelerate its efforts to build a better business for its customers, the economy and society at large this morning.
Omicron optimism: Covid anxiety attack on the financial markets shows signs of alleviating November 29, 2021 The anxiety attack on the financial markets shows signs of alleviating, as investors pause for breath and spot signs of optimism while scientists race to establish the severity of the new variant. The FTSE 100 opened up 1 per cent in early trading, recovering some of Friday’s dramatic losses and the FTSE 250 was 1.5 [...]