Sunday newspaper round-up: Saudi oil output, Asos, 35-year mortgages
4th Jun 2023 15:28
(Sharecast News) - Saudi unveiled plans at the weekend to reduce its oil output by 1m barrels per day in a surprise unilateral decision. The move was to take effect from July. The decision came as Secretary of State, Anthony Blinken, was due to travel to Saudi Arabia over the following week. It also followed a meeting between members marred by disagreements, although the Russian and UAE energy ministers denied talk of any split with Saudi. OPEC+ meanwhile did agree to prolong the voluntary cuts announced in April until the end of 2024. The cartel and its allies were to meet again in November and plans might change. - The Sunday Telegraph
Read moreSunday newspaper round-up: HSBC, Easyjet, Sky
26th Mar 2023 13:22
(Sharecast News) - A group of investors in Hong Kong have jostled HSBC into a shareholder vote on its structure and strategy, including a possible spin-off of its Asian unit. The group was led by minority shareholder Ken Lui. Its argument was that the Asian unit was "effectively subsidising" the western business to the detriment of shareholders. It was not clear if Chinese insurer Ping An would back Lui's latest move. For its part, the board told shareholders in a notice sent ahead of its AGM on 5 May that such a spin-off would "significantly dilute" its strategy, result in a material loss of value and lead to lower dividends, The Sunday Times first reported. - Guardian
Read moreSky strikes deal with Disney+ to offer streaming service to 13m UK homes
3rd Mar 2020 10:42
(Sharecast News) - Disney struck a deal with Sky and will now make its streaming service Disney+ available to over 13m UK households as part of Sky's Q set top box.
Read moreVodafone tops list of most complained-about broadband suppliers
30th Jan 2019 10:24
(Sharecast News) - Ofcom published the latest league tables on the complaints it receives about the UK's major providers of telecoms and pay television services on Wednesday.
Read moreOfcom launches campaign to help customers get better broadband deals
14th Dec 2018 08:29
(Sharecast News) - The UK telecoms watchdog kicked off a review of broadband pricing on Friday to find better ways for households and business customers to avoid paying more than others for similar services.
Read moreDirector dealings: Sky CEO offloads shares to Comcast
12th Oct 2018 16:00
(Sharecast News) - Sky chief executive Jeremy Darroch sold £13.4m of shares in the FTSE 100-listed broadcaster to new majority owner Comcast on Friday.
Read moreComcast becomes majority owner of Sky
9th Oct 2018 16:40
(Sharecast News) - Comcast became the majority owner of Sky on Tuesday after buying up all the shares held by 21st Century Fox.
Read moreIllegal video streaming on the rise due to 'fragmented' market
5th Oct 2018 09:20
(Sharecast News) - Online piracy is increasing in popularity once again because there are so many television streaming platforms that consumers are unwilling to pay multiple subscriptions.
Read moreComcast's Sky bid goes mandatory after it buys 30% stake
25th Sep 2018 08:48
(Sharecast News) - Comcast said it had bought more than 30% of Sky's shares to make its £30.6bn cash bid for the UK broadcaster mandatory.
Read moreMonday broker round-up
24th Sep 2018 12:59
(Sharecast News) - Thomas Cook: Shore Capital Markets downgrades to hold.
Read moreSky urges shareholders to accept deal as Comcast outbids Fox
24th Sep 2018 07:22
(Sharecast News) - Sky urged its shareholders on Monday to accept a takeover offer from US cable company Comcast after it outbid Rupert Murdoch's 21st Century Fox for the London-listed broadcaster.
Read moreSky suitors auction to decide takeover by end of week
20th Sep 2018 10:00
(Sharecast News) - An auction to decide the buyer of Sky will be decided by Saturday evening after the battle between 21st Century Fox and Comcast reached a stand-off.
Read moreSky invests $2m in Silicon Valley start-up
11th Sep 2018 10:12
(Sharecast News) - Sky invested $2m in Silicon Valley-based media and entertainment content management firm SDVI on Tuesday, joining shareholders such as Fox, Turner and Discovery.
Read moreDirector dealings: Sky CEO ups stake
29th Aug 2018 16:11
(Sharecast News) - Sky's chief executive Jeremy Darroch purchased 32,671 ordinary shares in the London-listed TV giant on Wednesday.
Read moreTakeover panel confirms ruling for Fox's Sky bid
16th Aug 2018 08:35
(Sharecast News) - The UK takeover regulator has ruled that Disney could have to offer at least £14 a share to buy satellite broadcaster Sky.
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