Vodafone shares lose momentum: Analysts reflect on Indian and UK concerns February 2, 2017 Pricing pressure in both Europe and India continued to weigh on Vodafone, after the telecoms giant revealed its third quarter trading today. Organic group service revenue grew by 1.7 per cent during the third quarter to December, a touch ahead of market consensus expectations of 1.6 per cent. Shares initially fell nearly three per cent [...]
BT’s EE takeover set to get a green light from Competition and Markets Authority January 14, 2016 BT’s £12.5bn takeover of rival EE is expected to get a thumbs up by the UK’s competition watchdog as the two prepare to merge in March. Anything other than a green light would be highly unexpected as the Competition and Markets Authority (CMA) prepares to announce its final decision on the deal at 7am tomorrow, [...]
What Alan Shearer has to teach us about inflation August 4, 2017 So who are the world’s three biggest spenders on defence these days? That’s right – the US, China and … Manchester City. Boom, boom. Yes, we may still be a week away from the start of the 2017/18 English Premier League season but of course it has been generating back-page headlines for weeks now thanks [...]
Manx Telecom share price rises after revealing “solid” annual figures March 15, 2017 Manx Telecom, which operates the Isle of Man's telecoms network, today revealed it is generating annual sales equivalent to almost £1,000 per person living on the island. Shares rose one per cent in the wake of the news. The figures Revenue rose by 1.5 per cent to £81m, with underlying earnings of £28m, the same [...]
US teleco AT&T wants to send internet via power lines September 21, 2016 US teleco AT&T has unveiled ambitious plans for wireless internet using power lines. Amid rising concerns that fiber broadband is going to be too costly and difficult to roll out nationwide, tech and telecoms firms are searching for alternatives to traditional internet connections. AT&T reckon the technology will be easier to deploy than fiber, can run over license-free spectrum [...]
Hermes joins China’s sovereign wealth fund in National Grid bid October 27, 2016 Hermes Investment Management has joined a bid led by the Chinese government for a stake in the National Grid's gas pipe network. City A.M. understands that people working on the deal have become increasingly wary of government scrutiny. Theresa May's administration announced recently that it would be making reforms to its approach to "the ownership [...]
BT finance chief Tony Chanmugam to announce retirement February 7, 2016 BT's finance director is expected to announce his retirement within weeks and will step down later this year. Tony Chanmugam, who has been BT's group finance director since December 2008, will also step down from the BT board. Before becoming head of finance at the telecoms major, he held two senior positions at BT Retail, as [...]
Slow and steady? Pension deficits need not be closed as report reveals trustees need to refocus January 31, 2017 Spiralling pension deficits are distracting those empowered to manage schemes away from making sure members receive the correct payouts. Almost all pension trustees do not see paying members as a key strategic driver, with many getting bogged down in the detail and failing to see the bigger picture, according to a report by actuarial specialists [...]
Walter Presents and chill? Channel 4’s foreign language, Netflix-style service to launch in US January 31, 2017 A Channel 4-backed online streaming service for foreign-language dramas is to launch in the United States. Walter Presents, a subscription-video-on-demand (SVOD) service, launched in the UK last year. It was founded by Global Series Network’s Walter Iuzzolino and is majority-owned by Channel 4. For $6.99 (£5.60) a month, US customers will have access to 34 series [...]
UK investment banking revenue down 21 per cent in first quarter of 2016 despite Shell and BT deals completing April 19, 2016 UK investment banking revenue was down 21 per cent in the first quarter of this year, according to newly-compiled figures. Goldman Sachs accounted for 12.3 per cent of the total $1bn (£695m) revenue, ahead of JP Morgan (10.4 per cent) and Barclays (6.9 per cent). Read more: Investment banking revenue plummets to post-crisis low Dealogic's UK [...]