Carphone Warehouse and Dixons to announce merger May 6, 2014 DIXONS Retail, the owner of Currys and PC World, and Carphone Warehouse are poised to announce the final terms of their proposed £3.7bn merger next week in a deal that will create one of the biggest high street technology giants. The companies are understood be planning to unveil details of their tie-up alongside Dixons’ trading [...]
Heathrow set to name CEO May 6, 2014 JOHN Holland-Kaye is set to be appointed as the new chief executive of Heathrow, according to Sky News city editor Mark Kleinman. Heathrow Airport Holdings is to announce the new appointment as soon as this week, after Colin Matthews stepped down in April following six years at the top. Holland-Kaye is currently the airport's development [...]
Find your sea legs at Tahiti’s Pearl Regatta May 5, 2014 Intrepid adventurer Chris Osburn reminisces about his adventures on Tahiti’s high seas CELEBRATING its eleventh anniversary and touted as one of the most important yacht races in the South Pacific, the Tahiti Pearl Regatta combines competitive sailing – on the high seas and in lagoons – with cultural events and boozy night time festivities. The route [...]
Cav outpaced but Brit keeps green jersey May 1, 2014 BRITISH cyclist Mark Cavendish finally lost a sprint finish at the Tour of Turkey yesterday when he was pipped to the line in the fifth stage by Italian Elia Viviani. Omega Pharma Quick-Step rider Cavendish, who won three of the first four stages, darted for home 200m from the finish only to be overtaken by [...]
Sky’s costs soar as battle with BT Sport weighs May 1, 2014 BSKYB’S battle with BT continued to take its toll on the pay-TV broadcaster during the nine months to March as profits tumbled 8.5 per cent to £910m amid higher advertising and programming costs. While the broadcaster added 74,000 new television customers during the three months to March, its total customer base grew by only 68,000, [...]
Analyst Views: What do you make of BSkyB’s third quarter set of results? May 1, 2014 PAUL RICHARD | NUMISWe retain our view that Sky is making excellent operational progress, particularly in connected TV services, and we see considerable opportunity in new initiatives including AdSmart and Sky Store, though the Premier League auction continues to overhang the shares. STEVE LIECHTI | INVESTECSky’s third quarter results are mostly as expected with the [...]
JP Morgan’s cutting edge bankers are in Dorset May 1, 2014 The glittering sky-scrapers of Canary Wharf and the tech hubs of Silicon Roundabout might seem the obvious places to look for the most advanced banking offices around. But JP Morgan thinks its Bournemouth campus, as the 4,000-staff site is know, is at the cutting edge. The giant US bank is spending almost $50m [...]
BSkyB sees surge in new TV subscribers May 1, 2014 BSkyB has reported a slowdown in profit before tax to £793m for the nine months to 31 March, compared to £966m for the same period the previous year. The FTSE 100 company saw revenue climb by seven per cent to £5.6bn, with earnings per share suffering a fall of 3.4 per cent 42.2p. New paid-for [...]
BT extends free TV sport offering until 2015 for its 5m subscribers April 30, 2014 BT’S BROADBAND customers will get free BT Sport channels for another year after the company said it has no plans to charge over the next sporting season. The telecoms giant yesterday announced that its sports coverage, for which it has invested around £2bn on securing sporting rights, will continue to be free for new and [...]
MPs to hit out at HS2 as research doubts benefits April 28, 2014 NEW RESEARCH claims the benefits of the High Speed 2 railway for the north of England have been exaggerated, and that the “regeneration myth” is obscuring the damage that would be done to some regions. Ahead of a vote in parliament on the new laws needed to build HS2, the Institute of Economic Affairs argued [...]