Five things we’ve learned from Chelsea’s financial results: FFP is no big deal but Stamford Bridge is still too small November 13, 2014 Not only are Chelsea a table-topping team currently pulling away of all competitors, they are also rapidly becoming one of the Premier League’s best businesses. The current league leaders today revealed their financial results for the 2013/2014 season and they’re guaranteed to put a smug smile on fans’ faces. The west-Londoners revealed record [...]
Sky cuts British part of name in European deal November 13, 2014 BRITISH and Broadcasting has been dropped by Britain’s largest Pay TV operator BSkyB as it adopted Sky as its official name yesterday after completing the £7bn takeover of its European sister companies, Sky Deutschland and Sky Italia. Sky, now Europe’s largest entertainment company, said the change was “to recognise the international scope of the business” [...]
Sky credit rating downgraded following £7bn takeover of Sky Italia and Sky Deutschland November 13, 2014 Sky’s long-term corporate credit rating has been cut following the completion of its £7bn takeover of Sky Italia and Sky Deutschland yesterday. Standard & Poor’s downgraded Sky’s credit rating from ‘BBB+’ to ‘BBB’ as it estimated the group would raise a “significant amount of debt to part-find the acquisitions”. The credit ratings agency [...]
BSkyB changes name to Sky as Europe deal for Sky Deutschland and Sky Italia is completed November 13, 2014 BSkyB is dropping “British” and “Broadcasting” from its name, to become just Sky as it announces the completion of a £7bn deal to acquire Sky Deutschland and Sky Italia. The media company, which becomes one of the largest pay TV operators in Europe, said the name change reflected the new international scope of the business. Its [...]
TalkTalk puts aside £25m to add more customers as demand soars November 11, 2014 TalkTalk is planning to invest up to £25m in acquiring more customers in the second half of the year, as demand for its broadband, TV, mobile and fixed-line telephone packages continued to increase during the first half of 2014. Chief executive Dido Harding told City A.M. the spend was “a thoroughly good thing… We’re actually [...]
Football Comment: Footballers may be multi-millionaires, but they are still at risk of financial pitfalls too November 10, 2014 Ex-England keeper David James’ recent bankruptcy shows stars aren’t immune IF YOU find the sums of money swirling around in football unpalatable, then stand by your beds because, in the next 10 years, it will look like chicken feed. The growth in the bottom line of Europe’s elite clubs is now being driven by two [...]
London’s billboards are about to get much more high tech with Clear Channel’s “London Wrap” November 10, 2014 London commuters will soon start noticing a change to the billboard adverts greeting them on their journey into the city. The huge posters at stations and at key commuter points across the capital are about to get a major makeover to bring them into the digital age. Usually plastered with an old-school poster ad made of [...]
Barack Obama backs net neutrality and says Internet must stay “free and open” November 10, 2014 US President Barack Obama has nailed his colours to the mast of net neutrality, as he urged the US Federal Communications Commission (FCC) to fully embrace the principle in its new rules on internet governance. The FCC, an independent governmental agency, is currently drawing up new rules on internet governance which are expected to [...]
IoD: Businesses back Ed Miliband on Europe but warns over “credibility” of Labour’s tax policies November 10, 2014 Businesses back Miliband on Europe – but believe that his tax policies reveal a “large gap” in Labour's economic “credibility”. That is the according to the Institute of Directors (IoD), which today said business wanted to work with the shadow leader but could not while the “gulf” around his tax plans remain. Miliband [...]
Lord Mayor’s Show 2014: Crowds line the City to see Alan Yarrow take over from Fiona Woolf November 10, 2014 Thousands of people lined the City’s streets on Saturday to enjoy the 799th Lord Mayor’s Show. The spectacle saw new Lord Mayor Alan Yarrow sworn in to take over from outgoing mayor Fiona Woolf. It also included marching bands, military formations and various carriages and walking performers. Read more: Lord Mayor's Show London 2015 [...]