Semi-finalists Manchester City earned more Champions League prize money than winners Real Madrid November 1, 2016 Manchester City earned more prize money for their run to the Champions League semi-finals last season than Real Madrid did for lifting the trophy. City received €83.9m from governing body Uefa for their best ever run in the competition – the highest payment of any club, including Real, who banked €80.1m for winning the title for a [...]
Next Liverpool CEO Peter Moore signals new direction for the club – six things you need to know February 28, 2017 As their team nursed the wounds of a bruising 3-1 defeat to Leicester City on Monday night, Liverpool made an announcement that could have much further-reaching implications than a disappointing loss in the league. The club revealed that from June its new chief executive will be Peter Moore, currently chief competition officer at video game giants Electronic [...]
These are the top 10 most transparent FTSE 100 firms – showing it pays (£24bn) to be open November 16, 2016 Sometimes, reading through the London Stock Exchange’s RNS feed, it feels as though certain companies just don’t want to be understood. Others, clearly, do: a new study has named the top 10 FTSE 100 companies for transparency. Arm, the Cambridge-based chip designer that was acquired by Japan’s SoftBank for £24bn this summer, was named as [...]
Now’s your chance to be the voice of the speaking clock August 22, 2016 Clear your throat, gargle that water and prepare for the opportunity to go down in British history… as the voice of the talking clock. Yep, it still exists (somehow still receiving 12m calls a year) and BT wants to find a new person to takeover the prestigious job – only the fifth in the peculiarly British institution's 80 year history. The [...]
Orange SA misses expectations but gets profit boost from EE sale July 26, 2016 Orange SA – France's largest telecoms company – has posted a sharp rise in its first-half profits due to the sale of its UK network EE to BT. Net profit climbed to €3.17bn (£2.65bn) in the first half, pushed higher from the £12.5bn EE sale. Revenue also climbed thanks to strong sales growth in Spain. It rose by 2.7 per cent to €20.8bn. [...]
CenturyLink to buy Level 3 Communications for $19bn cash and stock deal October 31, 2016 Telecoms company CenturyLink is to buy Level 3 communications in a cash and stock deal to expand their fiber-optic network. Shares in Level 3, which provides internet services to Google and Netflix, were up around five per cent in pre-market trading, while CenturyLink's were down 11 per cent on the back of poor results last week. CenturyLink, a local phone service [...]
Three calls for cap on mobile spectrum sales September 6, 2016 Mobile carrier Three has called on the telecoms regulator Ofcom to limit how much of wireless spectrum companies can buy. Three – still reeling from its planned merger with O2 being blocked by the European competition watchdog earlier this year – slammed Ofcom for allowing industry heavyweights Vodafone and the recently combined BT and EE [...]
Telecomms giant BT Group to name Simon Lowth, who has previously worked for BG Group and AstraZeneca, as new finance chief tomorrow morning March 17, 2016 BT Group is set to name Simon Lowth as its new finance chief tomorrow morning. Lowth was previously finance chief at oil company BG Group before it merged with Royal Dutch Shell earlier this year and, prior to this, he was finance chief at pharmaceutical company AstraZeneca. Lowth also sits on the board of Standard Chartered and has [...]
London in line for new Internet of Things hubs September 20, 2016 The so-called Internet of Things (IoT) scene in London is set to get a boost from the government. The Innovate UK-funded Digital Catapult – set up to help small businesses grow their digital capabilities – is rolling out 50 IoT hubs around the capital, called the Digital Catapult Things Connected programme. Businesses will be able [...]
Free music for EE customers… for six months at least August 26, 2016 Britain's largest mobile phone carrier has announced a tie-up with Apple Music that will see customers receive a free six month subscription. EE – now owned by telecoms giant BT – said that any new monthly customers or those renewing their contracts could benefit from the free service. “The deal is a coup for EE that [...]