The UK loves traditional news brands online, but readers don’t want to pay June 12, 2014 Buzzfeed, Huffington Post and other digital-only media companies continue to grow but have a way to go to overtake the digital readership of traditional news brand websites in the UK, a new study has shown. Traditional news media such as the BBC and Daily Mail still dominates digital news consumption, showing that the well established [...]
Woodford to weigh in on AA float June 11, 2014 WOODFORD Investment Management, the new fund of veteran manager Neil Woodford, is set to make a “substantial investment” in the flotation of the AA, City A.M. understands. Woodford’s plan to make a major commitment to the intial public offering (IPO) of the breakdown recovery firm was originally reported by Sky News. The AA’s intention to IPO [...]
Chinese insurer in talks to buy Canary Wharf tower for £780m June 11, 2014 A state-back Chinese insurance firm is thought to be in advanced talks to purchase law firm Clifford Chance’s headquarters in Canary Wharf for £780m. China Life, China’s largest life insurer, is understood to have been on the hunt for trophy assets to buy in London, providing further evidence of mounting interest from Chinese investors in [...]
BT Sport’s free online content ad ruled offside after complaints June 11, 2014 THE ADVERTISING Standards Authority (ASA) has upheld a series of complaints against a BT Sport advert, ruling that the ad must not be shown again. The campaign, which depicted BT Sport presenter Jake Humphries talking over various shots of customers watching the channel on TV, a tablet and a computer, was shown on TV and received [...]
Pfizer blames price for Astrazeneca deal collapse June 11, 2014 Drug giant Pfizer yesterday said the £69bn bid to take over UK rival Astrazeneca collapsed due to price disagreements, as shares in the UK company rallied in the hope of a revival of talks. Pfizer finance chief Frank D’Amelio told a US healthcare conference yesterday that the two sides did not come to a deal [...]
Rolls-Royce and airline share price falls put FTSE in a spin June 11, 2014 Trouble in the skies and a reduction in the World Bank’s global forecast and a couple of companies going ex-dividend yesterday brought the FTSE down. The FTSE 100 closed down 34.68 points at 6,838.87, a fall of 0.50 per cent. The cancellation of Emirates Airlines’ major order for 70 new Airbus A350s hit shares of [...]
Puncture fails to hamper Froome June 11, 2014 BRITISH cyclist Chris Froome overcame a puncture to tighten his grip on the Criterium du Dauphine yesterday and close in on a successful title defence. The Team Sky rider finished in the peloton on the fourth of eight stages but maintained his 12-second lead over main rival Alberto Contador in the general classification. Froome, who [...]
BSkyB launches new footie channel for Europe to block BT June 10, 2014 BSKYB has unveiled its seventh sports channel, dedicated to European football for next season, but the move got a tepid response from investors. Shares in Britain’s biggest pay-TV operator fell 0.8 per cent yesterday and one analyst said the move would “not drive customer growth or upgrades”. Sky Sports 5, which will be free to [...]
Bottom Line: A new front opens in the football wars June 10, 2014 DING ding, seconds out. Another round in the ongoing fight between BT and BSkyB, and this time Sky is the one landing a hard punch. BT shares fell 2.8 per cent on the pay-TV firm’s offer to bundle unlimited broadband free for two years with its new European football channel. The announcement took some shine [...]
BP takes to the skies with first drone approval June 10, 2014 BP HAS become the first company to win permission to fly unmanned drones over US soil. The oil company is flying the AeroVironment Puma drone over Alaska to keep tabs on maintenance requirements at the Prudhoe Bay oil field, of which it owns 26 per cent. The US Federal Aviation Administration said yesterday that this [...]