Cable calls for an end to influential media moguls July 24, 2011 VINCE Cable, the business secretary, yesterday vowed to stop firms or individuals from owning a similar share of the media as Rupert Murdoch. “You know there are other big media companies who could have the same influence in future [as Murdoch] and we’ve got to stop that happening,” he said. Cable was stripped of his [...]
Twitter fundraising gives it valuation of over $8bn July 24, 2011 A NEW round of funding is set to value microblogging site Twitter at a staggering $8bn (£4.9bn). It is understood Russian investment firm Digital Sky Technologies (DST) will take a stake of around $400m, with another $400m being split between other investors. US fund manager T Rowe Price will invest up to $90m in the [...]
Tightest squeeze on income since 2009 July 24, 2011 BRITONS’ incomes faced their tightest squeeze in two and a half years in July, as the rising cost of living and high personal debt weighed down on household budgets. Over a third (38 per cent) of people reported a deterioration in their household’s finances compared to just a month earlier, according to a poll by [...]
EasyJet soars after sky-high profit forecast July 22, 2011 Shares in budget airline EasyJet have soared 14 per cent as it said it expected to make up to £230m profit for the year. EasyJet said its revenues were up more than 23 per cent in the past three months compared with a year ago, to £935m, as 20 per cent more passengers travelled for [...]
PM moves to curb News Int hack scandal July 20, 2011 PRIME Minister David Cameron yesterday attempted to draw a line under the hacking scandal that threatens to engulf his government as well as the entire Murdoch empire. He said he has never had an “inappropriate conversation” with News International executives over Rupert Murdoch’s bid for the 61 per cent of Sky the media tycoon does [...]
Battle to be best of the Tests to end all square July 20, 2011 ENGLAND vs INDIA Today – 11 am Sky Sports 1 AFTER two and a half years of hard work England have the chance to officially become the number one Test side in the world. To do that they will need to beat incumbent rulers India by at least two clear Tests, with the sides about [...]
Boassen Haggen claims stage victory as Cavendish closes in on green jersey July 20, 2011 FRANCE’S Thomas Voeckler maintained his ownership of the yellow jersey at the Tour de France but conceded 27 seconds to his closest rivals as Edvald Boasson Hagen claimed the 17th stage for Team Sky. The latest standings see Voeckler’s general classification lead over Cadel Evans cut to one minute and 18 seconds, with Frank Schleck [...]
Murdoch buys time as Sky shares jump July 19, 2011 JAMES Murdoch’s performance at the select committee may have bought him precious time with the board of BSkyB. He has resisted pressure to step down as chairman of the broadcaster, with sources close to the Sky board telling City A.M. they would closely monitor his damage limitation skills. A major slip-up would almost certainly have [...]
Hysteria made me drop Sky bid: Murdoch July 19, 2011 RUPERT Murdoch yesterday blamed “hysteria” for his decision to drop a takeover bid for satellite broadcaster BSkyB. In comments that underlined his anger at having to drop New Corp’s offer for the 61 per cent of Sky it does not already own, the media mogul suggested his competitors and detractors had capitalised on the public [...]
Hushovd’s on the money July 19, 2011 CYCLING: World champion Thor Hushovd pipped Edvald Boasson Hagen to beat the Team Sky rider and claim his second stage win in the 2011 Tour de France. Frenchman Thomas Voeckler kept hold of the yellow jersey, but Australian Cadel Evans and three-time winner Alberto Contador both made significant gains. Welsh cyclist Geraint Thomas has signed [...]