News Corp’s bid for BSkyB gets approval June 30, 2011 JEREMY Hunt finally waved through News Corp’s proposed bid for BSkyB yesterday after accepting a string of concessions over Sky News. The decision from the culture secretary (pictured) marks the end of a long period of negotiations between the media giant, Department of Culture officials, the Office of Fair Trading and Ofcom. The decision will [...]
BARRED: MOBILE BOSS TALKS HIS WAY INTO HIS OWN GLASTO PARTY June 30, 2011 IF YOUR name’s not down, you’re coming in – not even if your name is Tom Alexander, chief executive of Everything Everywhere, and you are trying to get in to your own party at Glastonbury. As the other partygoers got stuck in to the free drinks inside the VIP farmhouse rented by the mobile phone [...]
UK clears News Corp’s Sky deal June 30, 2011 News Corp secured British government backing for its buyout of BSkyB after the minister responsible rejected complaints the move would give Rupert Murdoch too much power and influence. The Department of Media gave its blessing to the multi-billion-dollar deal after News Corp agreed to spin off BSkyB’s influential Sky News channel to ease competition concerns [...]
BUSINESS OF THE YEAR June 29, 2011 MICROCHIPS, miners and media – not to mention Man and the master of temporary power supplies Aggreko. This year’s shortlist for Business of the Year crosses sectors, but the finalists share ambition, innovation and bold decision-taking. Old and new, none are resting on their laurels or copying the past: all are looking to the future. [...]
Sky directors expect News to pay more June 26, 2011 SOURCES close to BSkyB’s independent directors were last night calling for Rupert Murdoch to pay at least £9 per share to take full control of the satellite broadcaster. The same sources also indicated that a price of up to £10.40 a share, as called for by Crispin Odey, the founder of Odey Asset Management and [...]
BAE Systems wins £46m contract June 26, 2011 BAE Systems has been awarded a £46m contract to support the Sampson multi-function radars on board the fleet of six Royal Navy Type 45 Destroyers. The new six-year contract includes cover for the Sampson radars, both in-service and on Type 45s that are yet to enter service, as well as maintenance. The multi-function radars act [...]
HELICOPTER TRADE FEAT HITS A HIGH June 26, 2011 IT’S OFFICIAL: a new record has been set for the world’s highest currency trade, after Greg Secker took to the skies last Friday to make money out of thin air trading from a helicopter hovering 1,500 feet above the City. The flying trader hopped between the Isle of Dogs radio masts – moved on from [...]
SKY’S THE LIMIT: WIGGINS HAILS TEAM STRENGTH June 23, 2011 OLYMPIC champion Bradley Wiggins believes the revamped Team Sky should be targetting a top 10 finish at next month’s Tour de France. Wiggins was yesterday named alongside fellow Britons Geraint Thomas and Ben Swift in a nine-man squad. He said: “We are now in a better position than I’ve ever been in. Top 10 seems more [...]
News Corp’s bid for Sky to get clearance June 22, 2011 CULTURE secretary Jeremy Hunt is likely to rubber stamp News Corp’s bid for BSkyB within a fortnight. He is expected to trigger a final seven day period of consultation after receiving documents from Ofcom outlining a series of guarantees over the future financial and editorial independence of Sky News. Hunt will be unable to issue [...]
Aviva nears RAC disposal June 21, 2011 INSURANCE giant Aviva is close to selling the RAC, the roadside rescue business it owns. Two private equity firms are in the final stages of bidding for the company, Sky News reported last night. Three buyout firms had put up final offers several days ago, including BC Partners, Carlyle Group and Clayton Dubilier & Rice. [...]