Chargemaster pulls flotation August 28, 2013 ELECTRIC car charging company Chargemaster has pulled its £6m float, its chief executive said yesterday. David Martell, who previously floated GPS software firm Trafficmaster, told City A.M.: “There was support out there but we didn’t feel the timing was right. We’re definitely open to it in future.” The company, which has an investment from car [...]
Lloyds Bank private equity arm in the frame for Silverstone stake August 27, 2013 THE HOME of British motor racing Silverstone is nearing a landmark deal that could herald Lloyds Banking Group’s private equity arm investing in the legendary site. Silverstone Circuits, which promotes events at the Formula One and Moto GP racetrack, is understood to be in talks with Lloyds private equity arm LDC to take an investment [...]
Banks hit with further £1.5bn mis-selling fine August 21, 2013 BRITAIN’S biggest banks are braced for another compensation bill with regulators today expected to tell them to pay up to £1.5bn for consumers wrongly sold credit card protection from insurer CPP. The settlement will repay customers who bought insurance through the group from 2005 onwards, and includes those who wrongly thought they were buying identity [...]
UK banks face another mis-selling scandal August 21, 2013 The Financial Conduct Authority is preparing to set out a compensation scheme for consumers who bought identity theft and credit card protection from York-based life assistance company CPP, Sky News was first to report. British banks will again be hit by a mis-selling scandal, which could see them lose up to £1.5bn. Around a dozen [...]
Ex-Channel Five boss Dawn Airey takes Yahoo’s top European gig August 20, 2013 FORMER Channel Five supremo Dawn Airey was yesterday appointed as Yahoo’s most senior official for Europe, the Middle East and Africa. Airey, who in a long television career also held senior posts at Channel 4, Sky and ITV, will be based in London as a senior vice-president and work in Yahoo’s headquarter in California on [...]
Letters to the editor – 21/08 – Sport competition, Best of Twitter August 20, 2013 Sport competition [Re: BT Sport has a mountain to climb in its bid to beat BSkyB, yesterday] David Hellier raises some interesting points about how consumers are buying converged TV, broadband and telephony packages. However, he misses two main points: BT is not looking to topple Sky Sports, and Sky TV customers can get BT Sport [...]
BT Sport has a mountain to climb in its bid to beat BSkyB August 19, 2013 A COUPLE of friends of mine have spent most of their summer putting together what is certain to be an entertaining and enlightening show for Sky Arts called Portrait Artist of the Year. Presented by the comedian Frank Skinner, the series involves members of the public painting portraits of celebrities, including the actress Juliet Stevenson. [...]
A Range Rover that is truly sporty August 19, 2013 It’s the fastest, most agile SUV the manufacturer has ever built. We put it through its paces… in a jumbo jet They’re known for coming up with imaginative off-road courses, but the Land Rover Experience guys have outdone themselves this time. It’s fantastically silly. I’m driving the new Range Rover Sport SDV6 model up an [...]
BT Sport pulls in the fans amid £1bn Sky Sports war August 18, 2013 BT SPORT kicked off its bid to take on rival Sky Sports with a peak television audience of 764,000 for its opening day match on Saturday, it emerged yesterday. The number tuning in for the lunchtime fixture between Liverpool and Stoke City is on a par with opening day games shown on broadcasters ESPN and [...]
Edwards up for sale just a year after $1bn float August 18, 2013 BRITISH technology firm Edwards, which listed in the US after struggling to float in London, is in talks about a potential sale to Swedish group Atlas Copco, it was reported this weekend. A $1bn (£640m) sale of the company would end a brief spell as a public firm for the Crawley-based vacuum pump manufacturer, [...]