‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
WHAT THE OTHER PAPERS SAY THIS MORNING November 30, 2009 FINANCIAL TIMES CARLYLE SUED OVER COLLAPSED FUNDA prominent Kuwaiti conglomerate is suing the Carlyle Group in a local court, alleging that the US private equity firm misrepresented the safety of its affiliate, Carlyle Capital Corp (CCC), a public debt fund that collapsed in 2008. The firm, National?Industries Group, invested $50m in CCC, which was marketed [...]
New ITV boss meets with City approval November 18, 2009 Troubled broadcaster ITV saw its shares lift by 3.5 per cent yesterday after it announced the appointment of City high-flier and former Tory MP Archie Norman as its chairman. After months of speculation, analysts applauded the selection of a big-hitting turnaround specialist, with strong links to the Tories, to guide ITV’s strategy moving forward. Norman [...]
Ofcom backs local media consolidation November 17, 2009 An era of consolidation is on the cards for local media, after the industry watchdog Ofcom proposed a relaxation of ownership rules. The regulator has written to the government recommending that radio operators be allowed to consolidate around a local area, helping independent commercial operators compete with the state-funded BBC. They would also liberalise cross-media [...]
‘Teflon Terry’ to take the reins as C4 chairman November 4, 2009 ABBEY National chairman Sir Terry Burns is expected to be the new chairman of state-owned Channel 4, with Ofcom set to make an announcement imminently. The former permanent secretary to the Treasury is understood to be the watchdog’s choice to replace Luke Johnson, who steps down in January. Burns is also said to be Whitehall’s [...]
Virgin Media: Why City A.M. is wrong about TV market November 1, 2009 IN his article last Friday about the pay TV market, City A.M.’s David Crow suggested that, by forcing Sky to wholesale its premium sports and movie channels to competing pay TV retailers, media regulator Ofcom is punishing Sky’s success. He compares Sky’s investment in sports and movies to car maker Toyota’s investment in hybrid fuel [...]
Sky’s rivals want to punish it for being a success October 29, 2009 BACK in 1997, Japanese carmaker Toyota took a gamble and spent $1bn (£603m) developing the Prius, its hybrid fuel vehicle. At the time, the panic over global warming had yet to develop and there was little call for a mass-market green car. In its first year of production, it sold just 300 units. Now the [...]
Sky rivals call on Ofcom to speed up its probe into the pay-TV market October 28, 2009 Broadcasters have urged Ofcom to speed up its review of the pay-TV industry, calling on it to implement rules to force Sky to wholesale premium sports and movies content to rivals at fixed prices. The watchdog yesterday published submissions to its third consultation on the pay-TV review, which showed that Sky’s rivals are becoming increasingly [...]
FOOTBALL-CRAZY PWC GETS STUCK IN ON ENGLAND’S WORLD CUP BID October 28, 2009 GOOD news for the multitude of football fans in the City: the team behind England’s bid to host the 2018 FIFA World Cup have secured themselves a powerful ally. PricewaterhouseCoopers, the accountancy giant, today announces it is the first sponsor to officially back the bid, responsible for working on crucial aspects of the proposal such [...]
RAPPER TALKS CRIME, DRUGS AND THE CUT AND THRUST OF BUSINESS October 27, 2009 FRESH from interviewing Warren Buffett, otherwise known as the “Sage of Omaha” or one of the most successful investors the world has ever seen, the Beeb’s Evan Davis yesterday turned his microphone on a different type of guest: rapper 50 Cent. “Fifty”, who’s recently co-authored a business book called The 50th Law, was happy to [...]
Former GCap boss Richard Eyre is in the race for Channel 4 chairmanship October 26, 2009 FORMER GCap chairman Richard Eyre has been short-listed for the role of Channel 4 chairman, a position Ofcom said yesterday it intends to fill within the next couple of weeks. The communications regulator is in the final interview stages to find a replacement for Luke Johnson, whose tenure as chairman of the state-owned broadcaster comes [...]