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  • 21st Century Fox quarterly profits double to $920m

    August 8, 2018 7:08 PM 72

    The company, vying alongside US media giant Comcast for control of Sky, posted its offer document ahead of Thursday's deadline. The US entertainment giant, which currently owns a 39.1% stake in Sky Plc, owner of Sky News, saw annual profit and revenues beat expectations on the back of earning higher fees from cable distributors. The company, vying alongside

  • UK hires Obama's chief economic adviser to examine tech market

    August 1, 2018 2:10 PM 182

    Professor Jason Furman will lead an expert panel on making the UK a world leader in tech while keeping the market competitive. Described by President Obama as "one of the most brilliant economic minds of his generation", Professor Jason Furman will lead a team of experts for the government. The panel he assembles will be analysing whether the growth

  • More Ryanair cancellations loom as German pilots vote to strike

    July 30, 2018 3:56 PM 106

    The Irish carrier is facing industrial action in several EU countries after recognising unions for the first time in December. The Vereinigung Cockpit (VC) union said 96% of the airline's pilots in Germany voted for industrial action. The union is giving the Irish carrier until 6 August to make an offer to avoid a strike, VC said. It will give 24 hours'

  • Shell plans to buy £19bn of its own stock as it misses profit target

    July 26, 2018 8:29 AM 101

    The oil giant has given in to investors who have stuck by the oil giant through a downturn in the oil industry. The oil giant has given in to investors who have stuck by the oil giant through a downturn in the industry. Shell had always said it would buy back its own stock once it has paid down its debt accumulated through the $54bn acquisition of BG Group

  • Serious Fraud Office seeks to reinstate charges against Barclays

    July 24, 2018 9:16 AM 96

    The company has said it will defend the application sought by the SFO, which was dismissed by Southwark Crown Court in May. In a statement, it added: "Barclays noted at the time its expectations that the SFO was likely to seek to reinstate those charges by application to a High Court Judge to recommence proceedings via a new indictment of the same charges

  • Russian billionaire Usmanov exploring sale of his Arsenal stake, FT says

    July 24, 2018 4:57 AM 111

    Metals magnate Alisher Usmanov turned down a £525m offer for his 30% stake in the London-based club last October. Mr Usmanov had hoped to buy the club from Mr Kroenke but the US sports mogul has refused to engage in takeover talks, the paper said, citing people close to the Russian tycoon. Having grown frustrated that Mr Kroenke is unwilling to sell at any price

  • Full-fibre broadband for every UK home by 2033 under government proposals

    July 23, 2018 7:47 AM 88

    Only 4% of British homes currently have access to full-fibre broadband, compared with 71% of homes in Spain and 89% in Portugal. Under proposals by the Department for Digital, Culture, Media and Sport, legislation would also guarantee that new homes are fitted with full-fibre broadband. The UK is lagging behind other European countries when it comes

  • Comcast drops bid for 21st Century Fox assets to focus on Sky takeover

    July 19, 2018 12:42 PM 78

    There is a further twist in the Sky takeover saga as Comcast signals its war chest in now firmly parked in London. Comcast launched a $65bn (£50bn) offer for Fox's entertainment assets at the end of June, which include Hollywood's fourth-largest movie studio, US cable networks including FX and National Geographic, as well as international pay television

  • Britain's economy grew by 0.3% in May driven by services

    July 10, 2018 8:35 AM 91

    Gross domestic product grew by 0.3% month-on-month and 0.2% in the three months to May, the Office for National Statistics said. The figures were in line with economist estimates. ONS head of national accounts Rob Kent-Smith said: "The first of our new rolling estimates of GDP shows a mixed picture of the UK economy with modest growth driven by the services

  • BP 'back to normal service' after glitch hits card payments for petrol

    July 8, 2018 7:56 PM 84

    For three hours some of the oil company's sites were forced to close, while card payments were unavailable at others. The glitch brought chaos to its 1,280 sites across the UK, and the company says a "full investigation" has been launched to determine the cause of the outage. In a statement, they added: "We will continue to monitor the situation overnight