£18.4m share deal key to Chelsea profit January 9, 2013 CHELSEA’S eyebrow-raising first profit since their 2003 takeover by big-spending Roman Abramovich was achieved in part due to the proceeds of an £18.4m share deal, it emerged yesterday. The cancellation of non-equity preference shares that broadcaster BSkyB held in a digital media joint venture resulted in paper profits of £15m, plus £3.4m of dividends from [...]
City lauds DMGT Northcliffe sale as shares leap November 22, 2012 DAILY Mail & General Trust (DMGT) saw shares soar yesterday as the publisher reported a 10 per cent rise in annual profits. The company, best known for owning the Daily Mail newspaper, now sees four-fifths of its profit in its business-to-business (B2B) publishing division, after it sold off its regional newspaper division on Wednesday. The [...]
New TV services lift Sky’s profits as rivals circle January 31, 2013 AN IMPRESSIVE showing from BSkyB’s new on-demand internet streaming service, Now TV, helped it to a 10 per cent rise in profits, the broadcaster said yesterday. Sky said that half of the 50,000 new TV customers it signed up during the last six months of 2012 were for Now TV, which charges customers £15 a [...]
ARM tops FTSE 100 February 5, 2013 The leading share index shrugged off its losses yesterday to jump 0.5 per cent in early deals, helped by strong corporate earnings updates. Chip maker ARM Holdings topped the FTSE 100 leader board in early deals, rising almost 4.5 per cent. This morning it posted a better-than-expected 16 per cent rise in fourth-quarter pre-tax profit. [...]
6 reasons to start favouring European stocks over their pricey US counterparts January 13, 2014 Goldman Sachs' chief US equity strategist has said that the S&P500 is "lofty by almost any measure", both for the aggregate market as well as the median stock. Goldman's David Kostin found that to be true when using 10 different barometers: (1) The P/E ratio; (2) the current P/E expansion cycle; (3) EV/Sales; (4) EV/EBITDA; [...]
How Goldman Sachs led one man to breakdancing glory January 16, 2014 B-boy Silverback. That's the breaking name of Steve Graham – a 55-year old private equity exec who learnt his dancing skills while an analyst Goldman Sachs in the early 1980s. Graham, who runs Philadelphia-based Graham Partners, was originally known as "Vanilla Shake", in days that preceded the advent of Vanilla Ice, reports Business Insider. Back [...]
Malone restarts decade-long Murdoch feud February 5, 2013 LIBERTY Global’s interest in Virgin Media, announced yesterday, has reignited a rivalry between tycoons Rupert Murdoch and John Malone which dates back a decade. Buying Virgin Media will put Malone in direct competition with BSkyB, which Murdoch’s News Corp owns 39 per cent of. The two firms are battling for control of the growing pay-TV [...]
CWC enters new age with $750m Macau sell-off January 13, 2013 THE BOSS of Cable & Wireless Communications (CWC) hailed a “landmark day” for his company yesterday as the telecoms firm said it had sold its last asset in Asia. CWC said it had reached a deal with the Chinese state-owned operator Citic to sell its 51 per cent stake in CTM, its business in Macau, [...]
Four-play isn’t enough: Virgin should make this deal February 5, 2013 JOHN Malone’s bid makes good sense for Virgin Media. Born of the pioneering consolidation of UK cable and mobile firms to build Britain’s first quadruple-play media firm (providing broadband internet, fixed-line telephone, mobile telephone and television services), the resulting company has acknowledged it remains vulnerable to a larger-scale consolidation by its rivals. Joining a global [...]
Norovirus hits All Blacks for England clash November 29, 2012 ENGLAND’S hopes of ending the year on a high were boosted yesterday when it emerged tomorrow’s opponents New Zealand have been ravaged by the norovirus. The winter vomiting and diarrhoea bug has affected all but two of the All Blacks squad, disrupting their preparations for the Test at Twickenham. No8 Kieran Read said they had [...]