Sunday newspaper round-up: Bank of England, Prudential, ITV...
12th Dec 2010 13:55
The Bank Of England is forcing high street lenders to repay £185 bn of emergency loans in an attempt to avert a new market meltdown next year. Bank officials have held meetings with Royal Bank of Scotland, Lloyds Banking Group, Barclays, HSBC and the biggest building societies demanding that the lo
Read moreLondon close: Battering for miners and banks
16th Nov 2010 17:08
It was downhill almost all the way for Footsie in the afternoon session after the US opened sharply lower, with miners getting a real bashing on the prospect of a slow-down in the Chinese economy. No less an authority than star fund manager Anthony Bolton raised the prospect today, in the first set
Read moreLondon afternoon: Gloomy miners
16th Nov 2010 14:10
Footsie retreated further over the lunch time session with mining stocks largely responsible for the decline, as metal prices pull back on fears that China will act to cool down its economy in the interests of reining in inflation. Antofagasta, Kazakhymys, Fresnillo, Xstrata and Rio Tinto are t
Read moreLondon midday: Battering for blue chips
16th Nov 2010 12:16
Footsie is deep in the mire after the late swoon on Wall Street last night and concerns over the health of the entire eurozone. Miners have tanked with metals prices, while banks are still edgy over the sovereign debt situation in Ireland. Kazakhymys, Fresnillo, Xstrata, Anglo American and Antofa
Read moreLondon open: Early losses for Footsie
16th Nov 2010 08:58
Footsie has posted substantial losses following the reversal on Wall Street last night, with miners and financial groups bearing the brunt of the selling. Kazakhymys, Fresnillo, Man and Antofagasta are the worst of the fallers so far, with chip maker Arm the best of the risers. It's another hefty
Read moreITV cautious despite ad recovery
16th Nov 2010 08:02
A strong recovery in advertising helped bring about a sharp rise in revenues at broadcaster ITV in the third quarter, though growth in ad sales are seen slowing in the fourth quarter. Group revenues climbed by 11% from the same period last year to £1.456bn, with advertising revenues climbing by 16%
Read moreCrozier sells free ITV shares to pay the taxman
27th Oct 2010 17:07
Adam Crozier, the former chief executive officer of the Football Association and Royal Mail, and now occupying the same position at terrestrial broadcaster ITV, has sold off about half his shareholding in ITV. Crozier, who joined ITV on 26 April on a base salary of £775,000 per annum plus a pension
Read moreSimon Cowell commits to ITV for 3 more years
19th Oct 2010 11:56
Fans of X Factor and Britain's Got Talent will be pleased to hear that ITV has struck a deal with Simon Cowell to keep airing the shows for another three years. The contract is said to be worth about £100m and will be split between Cowell's company Syco and co-producers Talkback Thames. It had be
Read moreRegulator refuses to investigate Project Canvas
19th Oct 2010 07:50
Broadcast regulator Ofcom has rejected calls for an investigation into the BBC, ITV and BT's new online on-demand service YouView saying it would be premature at this stage. YouView, currently called Project Canvas, is a partnership between the BBC, ITV, Channel 4, Five, BT, TalkTalk and Arqiva and
Read moreBroker tips: Hardy, TV companies, Vertu Motors
18th Oct 2010 13:27
KBC Peel Hunt expects a strong rebound in the UK television advertising market, and so has initiated coverage of ITV, stv and UTV Media with "buy" ratings for each. The broker's positive stance in the sub-sector is underwritten by the improving trading conditions, although it sees Britain's ITV and
Read moreBroker Snap: Strong rebound in TV advertising
18th Oct 2010 10:18
KBC Peel Hunt expects a strong rebound in the UK television advertising market, and so has initiated coverage of ITV, stv and UTV Media with "buy" ratings for each. The broker's positive stance in the sub-sector is underwritten by the improving trading conditions, although it sees Britain's ITV and
Read moreITV sells cinema ads business
28th Sep 2010 08:10
Terrestrial broadcaster ITV is to sell its 50% stake in cinema advertising firm Screenvision. US private equity fund Shamrock Capital Growth Fund II is paying $80m in cash for ITV's half-share in Screenvision. "This is another important step for ITV as we progress our transformation plan to focus
Read moreBroker tips: Kingfisher, TalkTalk, Cello
17th Sep 2010 13:17
While the market gave an enthusiastic reception to Thursday's update from Kingfisher, Nomura Securities suggests the DIY retailer's recovery story is only halfway through, and we don't know the ending yet. "The UK and France were in line with consensus expectations, but highlighted ongoing progress
Read moreBroker snap: YouView an opportunity for TalkTalk
17th Sep 2010 13:00
The recently renamed YouView, previously known as Project Canvas, offers an opportunity for internet service provider TalkTalk to crank up its average revenue per user, Daniel Stewart believes. The Project Canvas consortium, comprising Arqiva, the BBC, BT, Channel 4, Five, ITV and TalkTalk has conf
Read moreSunday newspaper round-up: Prudential, Betfair, Vodafone...
12th Sep 2010 10:26
A group of Chinese investors is in the early stages of considering a takeover offer for Prudential, Britain's biggest insurer. The billionaire entrepreneurs were among the Asian backers who wanted to throw their weight behind Prudential's failed $35bn (£22.8 billion) takeover bid for its Asian riva
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