WHAT THE OTHER PAPERS SAY THIS MORNING December 16, 2010 FINANCIAL TIMES CLEGG WARNING TO BANKS ON BONUSES Nick Clegg has warned Britain’s banks that the government would not stand on the sidelines if they paid out lavish bonuses and failed to increase lending, increasing pressure on David Cameron to toughen his stance on the City. “They don’t operate in a social vacuum,” he told [...]
BT cannot hike prices to pay for retirement December 15, 2010 BT will not be allowed to increase the amount it charges rivals to use its infrastructure to help plug its pension deficit, communications watchdog Ofcom ruled yesterday. The move is a blow to the telecoms giant, which had hoped Ofcom would follow the example set by regulators of the postal, energy and water industries, which [...]
BEST OF THE BROKERS December 13, 2010 GAME GROUP Brewin Dolphin had started covering the retailer with a “buy” rating and a three-month target price of 80p. The broker believes the stock is a strong candidate for active traders due to its volatility, and notes the firm’s market outperformance as mentioned in last week’s trading update. It looks forward to Game’s post-Christmas [...]
News Corp tries to woo EU over Sky December 2, 2010 NEWS Corp has submitted a series of proposals to the EU in a bid to ease concerns over its proposed takeover of BSkyB. It is understood Rupert Murdoch’s firm is willing to be bound by strict competition rules to avoid gaining an unfair advantage over rivals. However, company sources downplayed speculation Murdoch could sell key [...]
UK superfast broadband take-up lags December 1, 2010 THE UK has the worst take-up of superfast broadband of any major developed nation, new research by the communications watchdog has revealed. Just 0.2 per cent of people in the UK have access to broadband speeds of 30Mbits a second or higher. This compares to 34.4 per cent of people in Japan, 12 per cent [...]
BSkyB to launch an Arabic news station November 29, 2010 SATELLITE broadcaster BSkyB has teamed up with the owner of Manchester City football club to set up an Arabic news channel based in Abu Dhabi. The channel will be Sky’s first foreign-language news venture, putting it in direct competition in the Middle East with BBC Arabic, Al-Arabiya and state-funded Al-Jazeera. Man City owner Sheik Mansour [...]
Church opposes Sky sale November 22, 2010 THE Church of England became embroiled in the row over News Corporation’s bid to take full control of BSkyB yesterday. The Right Reverend Nigel McCulloch, Bishop of Manchester and former member of the House of Lords Select Committee on communications, said if the bid were successful News Corp would “dominate both the television and newspaper [...]
Talk Talk faces Ofcom probe over sales practices November 22, 2010 OFCOM said yesterday it was investigating whether fixed telephone line and internet services provider TalkTalk Telecom mis-sold services to customers. The communications regulator said it had received over 1,000 complaints relating to TalkTalk’s selling practices, the most common of which appeared to have been that customers were either mis-sold the fixed line telephone service or [...]
Bid ban may hit Sky News November 22, 2010 SKY News could suffer if the takeover of its owner BSkyB by News Corp is blocked, according to independent directors at the broadcaster. In a submission to media watchdog Ofcom, directors at Sky warned future investment in the news channel could be jeopardised if the takeover is vetoed. They argue that blocking the £7.8bn bid [...]
News Corp warns Cable over Sky deal November 17, 2010 NEWS Corp’s European boss James Murdoch has called on regulators to back his firm’s £7.8bn bid for BSkyB or risk losing its investment in the “world leader” digital TV operation. Business secretary Vince Cable has asked media regulator Ofcom to investigate whether the takeover would harm “media plurality”. The European Union could also launch a [...]