Barclays cuts banker cash bonus cap to £140,000 February 7, 2014 Barclays is slashing cash bonuses for its investment bankers to £140,000, according to Sky News' Mark Kleinman. Sky has revealed that the cash cap for bonuses has been cut to £140,000 from the £185,000 seen last year. Barclays is planning to hand out roughly double as much to its employees as it will through shareholder [...]
What the other papers say this morning – 07 February 2014 February 6, 2014 FINANCIAL TIMES Unease over Microsoft reshuffle Some of Microsoft’s major shareholders are expressing unease over this week’s management reshuffle, in which founder Bill Gates moved from chairman to a new role as technology adviser. Investors broadly welcomed the choice of Satya Nadella to become chief executive, but three of Microsoft’s top 20 shareholders voiced disappointment [...]
City duo launch new TV tipping show for traders February 5, 2014 BORED of Bloomberg? Need more on top of CNBC? Two City executives are certainly hoping so, as today sees the launch of their internet TV programme TipTV.co.uk, which aims to “liven things up for home day traders.” The two in question are ex-City PR turned sports spin doctor David Bick and former analyst (and Bloomberg [...]
Why ITV’s new drama channel should excite investors February 5, 2014 It might be time to change the channel. It’s not just Downton Abbey fans who are excited by the news that ITV's launching its first pay-TV channel, dedicated to British drama. The head of trading at Galvan, Ed Woolfitt, has some advice for investors and telly-watchers alike: “switch over and buy ITV”. Encore will be [...]
TalkTalk customer base hits 4m as it signs new Sky Sports deal February 4, 2014 TALKTALK will begin offering its customers £9.99 pay-per-day access to Sky’s sport channels as part of a new three year wholesale deal with the satellite broadcaster. The deal was announced along with TalkTalk’s third quarter results which showed a 5.1 per cent year-on-year increase in revenue to £436m, and 175,000 new TV customers during the [...]
Tube strike survival guide February 3, 2014 LONDON is bracing itself for the worst – forget the storms, this evening a Tube strike is going on. But instead of ducking for cover and barricading ourselves in, most of us will have to face the maelstrom head on as we battle to get to work (relatively on time) and back again. There’s still a [...]
Investors back BSkyB despite drop in profits January 30, 2014 INVESTORS remained confident in BSkyB yesterday, despite a 18 per cent drop in half year profits, as Britain’s biggest pay-TV broadcaster added over 100,000 new customers during its second quarter. Shares in Sky closed up 4.4 per cent on the results, which included news of a new deal with HBO to secure exclusive access to [...]
Strikes over air traffic changes cause delays at French airports January 30, 2014 HUNDREDS of flights in France were cancelled yesterday as air traffic control staff across Europe walked out over plans to unite the continent’s air space. The French civil aviation authority asked airlines to axe a fifth of flights into Paris airports yesterday, while passengers in Italy and Portugal also faced disruption. UK services, however, were [...]
Sky’s growing customers fail to stop profits falling January 30, 2014 Broadcasting giant Sky has reported a fall in profit before tax from £642m to £527m for the half financial year 2013/14 compared to a year earlier. In the six months to 31 December operating profit fell by a hefty 16 per cent. The company said it was moving through a year of investment, absorbing the [...]
Watchdog objects to Bostock’s dual role January 29, 2014 THE Prudential Regulation Authority (PRA) has reportedly objected to Santander’s hiring of Nathan Bostock as both deputy chief executive and chief risk officer Sky News originally reported the decision, suggesting that the bank will have to hire somebody else to fill the risk role. Bostock came to the bank after just ten weeks at RBS.