Tesco linked to China merger August 8, 2013 Tesco is expected to announce today an agreement to merge its operations in China with a division of state-run retailer China Resources Enterprise. Citing people close to the talks, Sky said that the supermarket group, is set to sign an agreement to merge its store estate in China with that of Vanguard, which is a [...]
Lord Browne plans boardroom return August 8, 2013 LORD Browne, the former boss of FTSE 100 oil giant BP, is planning a return to the boardroom of a London-listed company according to Sky News. Browne – who is a partner at private equity firm Riverstone Holdings – is to take a board role at the firm’s new energy investment firm, Riverstone Energy, which [...]
Ihtimal can continue Godolphin’s sweet record in the Solera Stakes August 8, 2013 ASCOT stages its popular Shergar Cup meeting tomorrow and the fields are as competitive as ever. It really does look like a minefield for punters, but one that has caught my eye is RACY in the Barclays Shergar Cup Dash (2.05pm) for the in-form Brian Ellison team. The six-year-old ran a stormer to finish fourth [...]
Inside Track: Lord Davies still in the running for both RBS and Lloyds August 7, 2013 LORD Davies, the former trade minister and one of the City’s most distinguished bankers, is not a man who gives up easily. So it must have been galling that the share price of Lloyds Banking Group has put on a gallop in recent weeks, faster than the famous black stallion that adorns its logo. Project [...]
Vodafone splashes out on sport content for new 4G customers August 7, 2013 VODAFONE became the latest of the big name mobile networks to announce the launch of 4G data services yesterday. Chief executive Guy Laurence confirmed that the switch-on for high-speed data content would begin in London on 29 August, with 12 cities to be 4G-ready before Christmas. He also revealed a deal with Spotify and Sky [...]
Vodafone to lure customers onto new 4G service with sport and music services August 7, 2013 Vodafone has announced it will be launching its high speed 4G service on the same day as rival O2 on 29 August. The operator will be looking to get the edge on its rival by offering 150 hours of Premier League football from Sky Sports or music from online streaming service Spotify Premium – as [...]
Osborne urged to begin selling off Lloyds stake – but insiders say don’t expect action soon August 6, 2013 Part of the government stake in Lloyds Banking Group could be sold off imminently thanks to the recent surge in share prices, UK Financial Investments (UKFI) has told chancellor George Osborne. UKFI is the agency charged with managing the taxpayer stake in Lloyds Banking Group. Sky News, who first reported the story, cited sources in [...]
Cowes Week Diary : Thompson defies the weather to win bumper cheque for charity August 5, 2013 Though sailing is a water sport and we’re used to getting wet, somehow when it comes from the sky it’s just not right and it’s especially unpleasant when combined with light winds for racing. So it was unfortunate to see so much rain fall and only a light breeze on day three. The winners continued [...]
Best of the Brokers for 5 August 2013 August 4, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ROTORK Espirito Santo tells investors to “buy” shares in the manufacturing group and has a fair value of 3,050p ahead of first-half results tomorrow. The broker thinks Rotork’s shares have unfairly fallen behind the rest of the industrial sector in the year so [...]
Round one to Sky in battle with BT August 1, 2013 Communications regulator Ofcom dealt a blow to BT yesterday, ruling that it is not ready to force Sky to allow its sports channels to be shown on BT’s new TV service. The decision came on the day that BT launched its new TV sports channel, BT Sport, with presenter Jake Humphrey leading the way last night. [...]