‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
WHAT THE OTHER PAPERS SAY THIS MORNING March 7, 2010 THE SUNDAYS The Sunday Telegraph NORTHERN ROCK £400M LOSS Northern Rock made multi-million pound losses for a third year running in 2009, the nationalised lender will reveal this week. The bank will report pre-tax losses of about £400m, analysts believe, a marked improvement on the £1.36bn of losses in 2008. Since the Government bailed it [...]
Media gets through its toughest trial yet March 7, 2010 THE X Factor winner for 2010 is… ITV. The broadcaster has managed to survive the economic crisis, albeit with a slimmed down staff base, and actually managed to turn a £25m profit at the end of last year, after losing £2.7bn in 2008. There could be more good news to come for the UK’s media [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 28, 2010 THE SUNDAYS The Sunday Telegraph NIKE BOSS MARK PARKER DEMANDS NEW RULES ON VALUING BUSINESS The global chief executive of Nike, one of the most powerful retail brands in the world, has said that companies will have to find more sophisticated ways of judging value and impact on the environment if they are to resist [...]
Products set to boost ITV February 9, 2010 EMBATTLED broadcaster ITV could boost its revenues by £50m a year, after the government lifted a ban on product placement. Culture secretary Ben Bradshaw yesterday said commercial broadcasters would be allowed to accept payment for displaying branded products in most shows. ITV insiders think the firm will earn around £50m-a-year from product placement deals by [...]
Sky launches 3D footie and defies slump January 28, 2010 SATELLITE broadcaster BSkyB will broadcast Manchester United’s clash with Arsenal this weekend in 3D at a handful of pubs. The event, which Sky is billing as a world-first, will drum up interest for its 3D TV service, which launches in April. Nine pubs in London, Manchester, Cardiff, Edinburgh and Dublin will take part. Sky announced its [...]
X-TRA AD MONEY January 19, 2010 ITV’s last hope for easing restrictions on its advertising rates was dashed yesterday when UK competition regulator Ofcom said the company would have to stick to its six-year old price cap. The move will limit the supply of advertising minutes in its top rating show, The X-Factor (above). Ofcom said that ITV’s new proposal on [...]
Miners lend muscle to FTSE as banks shake off US blues January 18, 2010 BRITAIN’S leading share index took on 0.7 per cent yesterday, as heavyweight mining issues rallied with firmer metal prices, while banks moved higher awaiting further earnings news from US peers. At the close, the FTSE 100 index was 39.02 points higher at 5,494.39, albeit in subdued trade with US markets closed for Martin Luther King [...]
Sky vows to fight plans to force it to wholesale premium content to rivals January 17, 2010 SKY yesterday vowed to fight “through every avenue possible” attempts to force it to sell its premium channels to rivals at regulated prices. Media regulator Ofcom is meeting tomorrow to discuss plans to make Sky wholesale its movies and sports channels to competitors like Virgin and BT Vision. It will give a final decision in [...]
Mobile tie-up December 17, 2009 THE proposed merger of Orange and T-Mobile could curb competition and hurt consumers, regulator Ofcom has warned. Ofcom said it was satisfied that consumers were well served thanks to competition between the country’s five mobile carriers, but this situation could change if the merger were to go ahead. The regulator has no direct authority to [...]
BT may hike rivals’ bills to cut its pension deficit December 1, 2009 THE telecoms regulator may allow BT to charge its rivals more for using its broadband and telephone lines to help it cut its £9.4bn pension deficit. Ofcom said it would consult on whether to take into account BT’s payments to cut its deficit when setting prices for its wholesale arm Openreach. Charges to firms such [...]