Phones 4u is to close the rest of its 362 stores September 22, 2014 PHONES 4u’s remaining 362 high street stores across Britain will be permanently closed and the 1,697 staff in those stores will be made redundant, administrator PwC announced last night after failing to find a buyer for the shops. Britain’s largest mobile network operator EE bought 58 Phones 4u stores in a £2.5m deal earlier in [...]
EE ready to buy up to 60 Phones 4u stores today September 21, 2014 BRITAIN’S largest mobile network operator EE is in talks to buy up to 60 Phones 4u stores following the retailer’s collapse into administration. PwC is understood to be planning to announce the deal as soon as this morning. However sources close to the administrator said talks were ongoing last night. Phones 4u’s collapse was triggered [...]
Leafing street level for top of Walkie Talkie September 18, 2014 Don’t look down: The moment a tree is hoisted up by crane to the top of 20 Fenchurch St before being guided down into its soon-to-be-launched Sky Garden on levels 35, 36 and 37.
Watch: Leaf’s-eye-view of a tree being hoisted to the top of the Walkie Talkie September 18, 2014 Skyscrapers may be complex to build, but what about getting the furniture into them? You can usually squeeze a sofa into the lift – but a full-grown tree requires rather more specialist equipment. The video below gives a leaf's-eye-view of the process involved in hoisting a palm tree into the top floors of the Walkie [...]
Sky Deutschland tells investors to shun Sky Europe takeover bid September 17, 2014 THE BOARD of Sky Deutschland has advised its minority shareholders not to accept the takeover offer from BSkyB, claiming the bid “does not reflect the full potential and thus intrinsic value” of Sky Deutschland. BSkyB agreed in July to buy the 57 per cent of Sky Deutschland owned by 21st Century Fox, as part of [...]
From chips to telecoms innovation is the key September 17, 2014 INNOVATIVE COMPANY of the year City A.M.’s Innovative Company of the Year category salutes businesses that are frontrunners in their industry, from micro-chips to car service apps. With London being one of the leading hubs in Europe – if not the world – of innovative technology, our judges have had a hard time choosing a [...]
Protect your new iPhone 6 with one of these cases September 17, 2014 Give the “best smart-phone ever” the protection it deserves with one of these stylish cases. Apple official case If you aren’t looking for extra battery power or planning on climbing any mountains, but want to protect your phone from daily wear and tear, you could do much worse than Apple’s official case. Stylish simplicity down [...]
Sky Deutschland changes its mind on BSkyB deal as it encourages shareholders not to sell September 17, 2014 After two-and-a-bit months of rumination, the board of Sky Deutschland has today decided BSkyB's €6.75 (£5.37) a share takeover offer wasn't enough. After a fairness assessment by Bank of America Merrill Lynch, Sky Deutschland's supervisory and management boards put out a joint statement today criticising the offer, which is two per cent above the three-month [...]
Lord Myners to lead review into the IPO process? September 16, 2014 After a quiet couple of months, it looks like Royal Mail is at the top of the parliamentary agenda again. Lord Myners has been drafted in to lead yet another review into the handling of the controversial, £3.3bn privatisation of the company, it was reported this morning. Former City minister Myners will lead a panel [...]
Phones 4u points a finger at networks for its collapse September 15, 2014 ACCUSATIONS flew yesterday between the owner of failed high street smartphone retailer Phones 4u and the mobile operators allegedly responsible for its collapse. Phones 4u’s owner, BC Partners, argued that both EE and Vodafone had, until very recently, indicated they saw the retailer as a long term strategic partner. Phones 4u, which employs 5,596 staff [...]