Banking industry calls for tough Libor punishments September 26, 2012 BANKERS who manipulate key interest rate Libor should face tougher personal fines in future, according to the industry body that oversees the benchmark rate. A leaked letter written by British Bankers’ Association (BBA) boss Anthony Browne urges top regulator Martin Wheatley to ban rate-fixers from working in the industry again, and to name and shame [...]
G4S bosses to decide if heads will roll today September 26, 2012 G4S’S board will meet today to discuss the conclusions of a comprehensive review into the Olympic security scandal, with the future of chief operating officer David Taylor-Smith, as well as others, in the balance. His sacrifice would be seen as a move to protect the security firm’s chief executive Nick Buckles, who has come under [...]
TalkTalk tops tables for Ofcom tiffs but overall complaints fall September 26, 2012 TALKTALK has kept its title as the most complained-about communications firm for the sixth consecutive quarter, watchdog Ofcom revealed yesterday, though the number of customer grievances with the industry overall is falling. TalkTalk, whose customer base fell three per cent to 4.05m in the last quarter, yesterday conceded “there is still work to do” after [...]
State-of-the-art studio has style and substance September 26, 2012 Media company BSkyB approached K+N to work with it on the design and implementation of its new studio space for Sky Sports News. The privately owned furniture company was founded in 1925 and has grown to become the largest manufacturer of office furniture in Europe. The sports channel, along with a number of other Sky [...]
Delivering a project of this scale requires a meticulous approach September 26, 2012 BSKYB set out to build the most ecologically sustainable broadcasting complex in Europe – it did not want to merely build a monument to the Sky brand. Instead, BSkyB was after a building that would allow it to change and grow. Sky Sports News was to be the first, and largest, studio to go on [...]
Why Apple is playing the long-game with its Maps app September 26, 2012 An Apple user walks into a bar. Or a church. Or a field. He’s not really sure. Ha! A joke at Apple’s expense! That’s not something you hear every day. If you believe the hype, problems with Apple’s in-house Maps app could be the iPhone 5’s equivalent of the antenna troubles that dogged the launch [...]
Sky boss pockets £7m payout September 25, 2012 BSKYB chief executive Jeremy Darroch took home £7.3m in pay, bonuses and share options this year, the broadcaster has revealed in its annual report. Sky also said that two directors – Jacques Nasser and Lord Wilson – would retire at the end of the year.
James Murdoch eyes promotion despite critics September 20, 2012 JAMES Murdoch will be given more responsibility over News Corp’s US television operations more than a year after he became a central figure in the company’s telephone hacking scandal in the UK, two sources familiar with the matter said. News of the promotion comes on the heels of a ruling earlier yesterday that BSkyB is [...]
ECB headquarters to cost €1.2bn September 20, 2012 ■ The European Central Bank (ECB) admitted yesterday that the cost of building its new headquarters will come in at €200m more than expected. The central bank’s new skyscraper, which will soar 185 metres into the Frankfurt sky, was estimated to cost €850m in 2005. But yesterday the ECB admitted to another €200m in costs, [...]
BSkyB is a “fit and proper” broadcaster September 20, 2012 BSkyB is “fit and proper” to hold a broadcasting licence, watchdog Ofcom said today. The watchdog launched an investigation last year after allegations of phone hacking at BskyB’s biggest shareholder News Corp. The investigation by Ofcom, which has clashed repeatedly with BSkyB in the past, had hung over the hugely successful group and raised the [...]