Inside Track: Jenkins should settle Barclays’ £50m fine so he can move on February 12, 2014 RAISE £6bn from investors and hand more than half of it back to employees and investors six months later: as a formula for managing a corporate balance sheet, there’s a certain novelty in Barclays’ approach. But for someone who has choreographed efforts to rehabilitate a company’s image as carefully as Antony Jenkins, this has been [...]
ITV’s The Only Way Is Essex gets a new home this year on ITVBe February 12, 2014 ITV WILL launch a lifestyle and reality television channel, to become the exclusive home of ITV’s award-winning show The Only Way Is Essex, aimed at a younger female audience when it launches towards the end of 2014. The new channel, called ITVBe, will be free on Freeview, Sky and Virgin, and will be supported by [...]
Lloyds increases bonus pool 10 per cent to nearly £400m February 11, 2014 LLOYDS Banking Group is to award £395m in bonuses to staff for 2013, 10 per cent more than it paid out a year earlier. A Sky News report claims the bank reached an agreement with UK Financial Investments (UKFI) yesterday. UKFI manages the government’s 33 per cent stake in the high-street bank. The deal, set [...]
Dubai launches drone delivery fleet February 10, 2014 The government of Dubai is leading the way in the use of drones to deliver essential items, according to reports from Sky News. The United Arab Emirates (UAE) is planning to use the drones as part of a programme to improve government services. The four-rotor unmanned aerial vehicles are will use fingerprint and retina identification [...]
Letters to the Editor – 10/02 – No more strikes, Falling giant, Best of Twitter February 9, 2014 No more strikes [Re: Politicians must end tube chaos, Friday] There is another way. In an era when huge ships plough the ocean, and vast aircraft fly the skies under the control of automated systems, just how difficult would it be to automate trains running along fixed tracks? Already US firms are trialling automated cars, [...]
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 [...]