Barclays boss Jes Staley in line for a bonus of almost £1m despite whistleblower investigation February 15, 2018 Barclays chief executive Jes Staley will receive a reduced bonus of under £1m for 2017, despite the question marks still hanging over an investigation into his conduct towards a whistleblower. Staley is in line for around £900,000, less than half his maximum potential bonus of £1.9m, Sky News has reported. The initial decision of the [...]
Sky share price rises above takeover offer: English Premier League victory could see Rupert Murdoch bowing out just at the right time February 15, 2018 Investors were clearly happy with Sky’s Tuesday night Premier League result, pushing the company’s shares to nearly £11 a pop during yesterday’s trading. The broadcasting giant’s stock eventually ended the day 7p higher than the £10.75 a share tabled by Rupert Murdoch’s 21st Century Fox. With the majority of Premier League TV rights decided, Sky [...]
Should the 21st Century Fox bid to take over Sky go ahead if Sky News is made independent? February 15, 2018 Should the 21st Century Fox bid to take over Sky go ahead if Sky News is made independent? YES – Liz Duff, head of media and investment at Total Media. This is something of a no-brainer. The Murdochs’ control of the news media in the UK was the main concern from the CMA – and [...]
Revealed: Virgin billionaire Richard Branson on”Concorde 2″ supersonic travel, rival Elon Musk’s SpaceX and Hyperloop plans February 14, 2018 Could we see a new Concorde take to the skies? Billionaire entrepreneur Sir Richard Branson thinks so. The man behind the Virgin empire has said that a new era of supersonic travel is about to take off. “The next big thing, hopefully in my lifetime, will be supersonic travel coming back and people travelling around [...]
UKAR shortlists buyers for £5.5bn taxpayer-owned mortgage loans February 13, 2018 Mortgage loans worth £5.5bn taken on by the UK taxpayer during the financial crisis are closer to being bought as a shortlist of fund managers closes in. Potential buyers include Pacific Management (Pimco), investment firm Cerberus Capital Management, hedge fund Och-Ziff, and M&G Prudential, according to Sky News. The list of bidders is understood to [...]
Sky and BT Sport pay £4.46bn to share Premier League TV rights for 160 games between 2019/20 and 2021/22 February 13, 2018 After years of extraordinary revenue growth, the Premier League has sold its latest package of live TV games to Sky and BT Sport for a reduced per-match rate. The two media giants will pay a combined £4.46bn to televise 160 matches per season, between 2019/20 and 2021/22. Three years ago, Sky and BT Sport paid [...]
Digital Innovators: Q&A with BenevolentAI founder and chairman Ken Mulvany February 13, 2018 BenevolentAI is a tech company which applies AI to accelerate scientific discovery. Last year BenevolentAI was identified as one of 50 of the freshest and most inspiring digital companies using technology and innovation to shake up their sectors in our Digital Innovators Power List. Following a public vote and after careful consideration by supporting partners [...]
Deloitte brought in to watch over Interserve for the UK government February 12, 2018 Deloitte has been drafted in by the government to watch over outsourcer Interserve, which holds a contract to manage a defence training base on Salisbury Plain. Interserve, which employs 80,000 people, issued a profit warning in September, sending its share price down by 50 per cent. The company has been monitored by the government ever [...]
Rupert Murdoch’s 21st Century Fox pledges Sky News’ independence as media giant seeks to keep takeover alive February 12, 2018 Rupert Murdoch’s 21st Century Fox has said it would keep Sky News independent, as it seeks to smooth the way for its takeover to go ahead. The media giant this afternoon committed to running Sky News for at least five years and would establish a fully independent board for the channel. Fox has been trying [...]
The Treasury has held secret meetings with the US Department of Justice to speed up a hefty RBS fine February 10, 2018 The UK Treasury has held a secret meeting with US officials to chivvy along a several-billion pound fine for Royal Bank of Scotland (RBS), Sky News has reported. The fine, which has been estimated by some analysts to be worth more than £5m, would draw a line under the bank’s pre-bailout misconduct relating to the [...]