Carphone and Dixons dial up £3.8bn merger May 15, 2014 DIXONS Retail and Carphone Warehouse shares slid into the red yesterday after the high street giants’ plans for a £3.8bn merger was given a mixed reception. The new group, which will be named Dixons Carphone, aims to exploit the ever-growing presence of smartphones in people’s lives and the so-called internet of things – where household [...]
TalkTalk reaches one million TV customers faster than Sky or BT May 15, 2014 TALKTALK is signing up customers to its TV service faster than rivals Sky, BT and Virgin Media combined, with over a million customers using the service just 18 months after launch. The announcement came as TalkTalk reported revenue growth of 3.4 per cent to £1.7bn for the year to 31 March, in line with market [...]
Godzilla thunders back onto screens May 15, 2014 FILM GODZILLA Cert 12a | By Alex Dymoke Three Stars SKYSCRAPERS haven’t come in for this much abuse since Prince Charles started sounding off about contemporary architecture. Brit director Gareth Edwards’ take on the classic Japanese B-movie doesn’t so much reimagine the original as inject it with growth hormones. It’s a monster of a monster [...]
Olympic to give Hannon more Group race glory in Lockinge Stakes May 15, 2014 RICHARD Hannon couldn’t have wished for a better start to his training career when winning his first Classic within months of taking out his licence. And he could be celebrating a second Group One prize in the space of a few weeks in tomorrow’s JLT Lockinge Stakes (3.50pm) at Newbury. OLYMPIC GLORY, who will be [...]
Why’s it called Dixons Carphone? Nobody’s used a car phone in years May 15, 2014 High street staples Carphone Warehouse and Dixons Retail have confirmed today that they’ll be merging to form a new company called Dixons Carphone. But why are they hanging on to the ‘Carphone’ bit when no-one has one anymore? The first car phone was used in St Louis on 17 June 1946. It has three channels [...]
Why’s it called Dixons Carphone? Nobody’s used a car phone in years May 15, 2014 High street staples Carphone Warehouse and Dixons Retail have confirmed today that they’ll be merging to form a new company called Dixons Carphone. But why are they hanging on to the ‘Carphone' bit when no-one has one anymore? The first car phone was used in St Louis on 17 June 1946. It has three channels [...]
Bonus clawback plans present a legal minefield May 14, 2014 PLANS TO clawback bank bonuses, which could see some awards being reclaimed a decade after they are handed out, go too far, a leading industry body has warned. The British Bankers’ Association (BBA) said in its submission to a consultation yesterday that it would support a broad bonus clawback policy, but that it would be [...]
Mike Ashley rumoured to be close to LA Fitness deal May 14, 2014 Sports Direct founder Mike Ashley has moved to take on around 30 LA fitness sites, Sky News' City editor, Mark Kleinman, reports. The exuberant billionaire has agreed to offer a parent company guarantee to LA Fitness landlords regarding leases on the gyms, according to sources. One did say, however, that, despite a deal being imminent, things [...]
Compass to reveal major payout May 13, 2014 Catering colossus Compass Group is set to unveil a bumper dividend for shareholders today, with a total payout of £1bn expected. The firm will also announce its performance for the first half of the current financial year. During the previous 12 months, Compass announced that operating profit by 7.8 per cent, with results expected to [...]
UK watchdog’s Libor fine to hit RP Martin May 13, 2014 BROKERAGE RP Martin is set for a £1m fine from the UK’s financial watchdog this week over the rigging of Libor. The Financial Conduct Authority (FCA) is reportedly set to charge the firm for its part in the scandal, but the fine will be the smallest yet for alleged tampering with the interbank rate, which [...]