A reserved man October 31, 2005 The new nominee for the chairmanship of the Federal Reserve has a background in academia rather than finance and is thought to be weak on inflation. Markets are being urged to wait before rushing to judgement. Can you ever replace a god? On 24 October George W Bush made an attempt, nominating the head of [...]
L&G blocks Sky’s plan for buyback October 31, 2005 BSkyB is set for a stormy Annual General Meeting (AGM) on Friday after major shareholder Legal & General (L&G) came out publicly over the weekend against the company’s share buyback plan. There is a history of acrimony between BSkyB and L&G — the fund manager voted against a buyback plan last year. Shareholder News Corp, [...]
Brussels meddlers will ruin the Premiership October 28, 2005 The Barclays Premiership is widely regarded as the best football league in the world. A key ingredient of the Premier League’s success has been its ability to attract the top players. Top stars cost big bucks, and the money that the media companies have pumped in has helped the clubs to compete in the market [...]
House price drop cannot be hidden October 24, 2005 Annual house price inflation was 1.8 per cent according to the latest analysis by the Nationwide Building Society. That is the lowest figure since May 1996, but it is still an exaggeration. Prices rose by 1.8 per cent in the six months to last April — but they have not risen at all in the [...]
BSkyB makes its move into broadband October 17, 2005 Satellite broadcaster BSkyB is getting ready to make its play against cable rivals by acquiring high-speed internet provider Easynet this week for around £150m. The purchase will allow the broadcaster to offer what observers call the “triple play” of services into the home: broadband, video-ondemand and telephony, setting it in direct competition against rivals such [...]