Vedanta in £8bn deal for stake in Cairn Energy

first_img John Dunne whatsapp Friday 13 August 2010 8:20 am Vedanta Resources will buy a 51 per cent controlling stake in Cairn India for $8bn to $8.5bn (£5.13 bn to £5.45bn), Reuters has reported.Vedanta Resources is in talks with Cairn Energy which has a 62.4 per cent stake in Cairn India, to buy a stake in the unit, both companies confirmed on Thursday without giving details.The source said the deal is expected to be announced on Monday. Cairn Energy and Vedanta declined comment.Such a deal by Vedanta, controlled by chairman Anil Agarwal, would be the diversified miner’s first move into oil and gas. Analysts had said funding for the deal was likely to be a key issue. Vedanta’s confirmation of talks could incite interest from other bidders, analysts said.A huge oil find in Rajasthan helped propel Cairn Energy from a small company to a major oil producer and led it to spin off the Indian operations in January 2007.Shares in Cairn India, the country’s fourth-largest oil and gas company, rose 4.8 percent. Vedanta shares fell 6.8 percent on the London Stock Exchange.Cairn India was valued at $13.6 billion by close of trade on Wednesday, valuing Cairn Energy’s 62.4-percent stake at $8.5 billion, the same amount they are paying for a 51-percent stake.Cairn Energy may sell a stake in Cairn India, but will not exit the business, the head of the the company’s local unit said.“I don’t think they are exiting the business. They are just selling stake,” Rahul Dhir, chief executive of Cairn India told reporters on Friday after meeting Indian Petroleum Secretary S. Sundareshan.Sundareshan said that a company that has signed a production sharing contract (PSC) with the government of India for an oil exploration block would need the government’s approval if some stake in the field or the company were sold.“All PSCs have provisions for appropriate government approvals before such changes in the ownership are made,” said Sundareshan, the top official in the oil ministry. Dhir did not provide further details.“What I do know is that they (Cairn Energy) remain a very strong supporter of our business. If a new strategic shareholder is coming, it only underscores the belief that they have in our business,” Dhir said. whatsapp Vedanta in £8bn deal for stake in Cairn Energy Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Share Tags: NULLlast_img read more

CITY VIEWS: DO YOU THINK YOU WILL WATCH MORE TV ONLINE?

first_img Share CITY VIEWS: DO YOU THINK YOU WILL WATCH MORE TV ONLINE? Show Comments ▼ whatsapp BEN ARAM | KENNEDYS“I am from Germany and so I use such websites to catch up on shows I have missed. I am also a frequent YouTube user. Websites such as BBC iPlayer strike me as very useful and I see myself using them more in the future.”TOM SPILLER | WILKINS BEAUMONT AND SUCKLING“I will not be watching TV online in the future. Television fills a particular void but I do not like it enough to go looking for it online.”TONY STARNS | NATWEST“I have Sky Plus and that suits all my TV needs. I would much rather use my large television screen than a small computer screen.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvdcenter_img KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Thursday 26 August 2010 7:50 pm Tags: NULLlast_img read more

AIG cut Asian IPO to court investors

first_img KCS-content whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULL Share Sunday 3 October 2010 11:12 pm AIG is understood to have lowered its valuation for the planned initial public offering of its Asian life insurance business, AIA, to secure a $1bn (£631.6m) commitment from the Kuwait Investment Authority and other cornerstone investors.American International Group is thought to have initially aimed to sell shares in AIA at a level that would value the company at $35bn to $37bn, but cut the valuation in order to get Kuwait’s sovereign wealth fund on board.The sovereign wealth fund signed up to the IPO on the basis that AIA would be valued between $30bn and $32bn. Other big investors, including a number of Hong Kong tycoons, have also signed up for cornerstone stakes. center_img whatsapp AIG cut Asian IPO to court investors Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timeslast_img read more

Italy’s Banco Popolare in €2bn rights issue to boost its weak capital ratios

first_imgSunday 24 October 2010 10:58 pm Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo whatsapp KCS-content ITALY’S Banco Popolare yesterday approved the launch of a capital increase of up to €2bn (£1.78bn) to boost its capital ratios, reimburse government-backed bonds, and to support lending.Managing and supervisory boards approved the capital increase, in the form of a rights issue, which will boost its capital ratios by 216 basis points. The issue could be carried out in the first quarter of 2011, it said.“The mandate to the bank has sufficient flexibility to deal with the demands of strengthening capital while taking account of sales of non-core assets,” it said.In recent weeks, the bank had denied that it was discussing a capital increase and said it was selling assets. At the end of September, it denied a newspaper report on a €2bn share offering. The market capitalisation of Banco Popolare is about €2.8bn, making it the seventh-largest bank in Italy.In July, the bank passed the EU’s stress test with a 7.4 per cent Tier 1 capital ratio at end 2011 under the adverse scenario and down to 7.0 per cent with the additional sovereign risk. At the end of June 2010, Tier 1 was 7.6 per cent.In 2009, Banco Popolare was one of only four Italian banks to seek government-backed bonds – so-called Tremonti bonds after Italy’s economy minister – to shore up its capital issuing €1.450bn of these bonds.The latest €2bn issue will be guaranteed by a bank consortium in which Mediobanca and Bank of America Merrill Lynch are global coordinators, the bank said.Book-runners for the deal are Credit Suisse, Goldman Sachs and Deutsche Bank, it said.The increase is subject to approval by shareholders at a meeting likely to take place in December, it said. center_img Share Show Comments ▼ whatsapp Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Italy’s Banco Popolare in €2bn rights issue to boost its weak capital ratios last_img read more

BEST OF THE BROKERS

first_img Show Comments ▼ KCS-content BEST OF THE BROKERS Share whatsapp whatsappcenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comGloriousaCouple Had Their Home Demolished Because Of ThisGloriousa Tuesday 9 November 2010 7:17 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap SPIRAX SARCORBS rates the engineering group a “hold” with an increased target price of £19.25. The broker has upgraded its full year 2010 earnings per share forecasts by four per cent following a healthy interim management statement, and sees sales growth of five per cent in 2011 with strong growth in Asia.ASOSSinger Research rates the online retailer a “sell” but has raised its target price 38 per cent to £10. The broker believes the firm’s US launch is going well, and that moving into other markets is key to growth next year. A rise in the firm’s spending can be explained by stocking up for this expansion, it adds.DEUTSCHE POSTS&P rates the company a “buy” with a 21-month target price of €15. The broker believes the recent outperformance was due to a rebound in global trade, but maintains its 2010 earnings before tax and interest forecast at €2.16bn. S&P believes a successful refinancing could drive shares higher. last_img read more

Irish insurers in ratings warning

first_img Five insurers in Ireland have been warned they face downgrades to their credit ratings by Standard & Poor’s following its decision to downgrade Ireland’s sovereign debt. The units are Allianz’s Irish general insurance business and its Worldwide Care business, along with Aviva Insurance Europe, Irish Life Assurance and finally RSA Insurance Ireland. The Irish-based insurers of larger groups, were put on negative watch by S&P because of their exposure to the Irish market. KCS-content Irish insurers in ratings warning by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Show Comments ▼ whatsappcenter_img Thursday 25 November 2010 8:34 pm whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more

THE TRUTH BEHIND THE BAILOUT IN IRELAND

first_imgTuesday 30 November 2010 8:39 pm KCS-content Tags: NULL Share SHORT of holding a gun to his head, how did the IMF persuade Brian Cowen to accept Ireland’s €85bn (£72bn) bailout, just hours after he denied the country was in financial trouble?Well, according to a new Taiwanese news animation, holding a gun to his head was exactly what it did.The same firm that showed how Tiger Woods’ wife may have looked as she (allegedly) chased after his car with a golf club, has turned its unique talents to hapless Ireland.The two minute video clip (available at: http://www.businessinsider.com/irish-bailout-taiwanese-animation-2010-11) shows Ireland’s history from the potato famine onwards through creepy 1990s-style computer animation.Glossing over The Troubles, the video cuts straight from starving migrants piling onto US-bound ships, to what appears to be a leprechaun finding the property bubble at the end of a rainbow. But then, alas, tragedy strikes. Brian Cowen, looking suspiciously less jowly than usual, is forced to sink the nation’s cash into the leprechaun’s pot to prop up the banks. Eurocrats force the bailout upon Cowen at gun point and put the tiger in the stocks. The clip ends with the poor leprechaun being kicked to death by an angry crowd of priests. A cautionary tale indeed, and perhaps a happier ending than we can expect in real-life.Interesting to note that the Irish government is portrayed as inept, greedy and borderline-corrupt, which is far more flattering than their perception in the eyes of the average Irishman. VERY SOCIAL NETWORKTHANKFULLY, not everyone is as down on the Irish economy as the Taiwanese. In fact, two entrepreneurs decided now is the ideal time to launch an Irish “business and social networking website” with the aim of “sharing of knowledge, job opportunities and networking”.“RendezVous353.com is especially appropriate during these challenging times,” said co-founder Richard O’Donnell, rather unconvincingly.“Like any decent Irish party, the launch saw a mix of good music, good company and good craic.” No doubt there was some drinking going on too – The Capitalist imagines there are probably some sorrows to drown.CAM GIVES IT 110 PCDAVID Cameron has obviously taken Barack Obama’s “lightweight” snub to heart. In an attempt to toughen up he seems to have adopted the trademark hyperbolic vernacular of a football manager. “We are going to give this 110 per cent,” he said of Britain’s hopes of hosting the next World Cup, in language even cockney wideboy Harry Redknapp would be proud of. “We are passionate about football and we can put on a really great show, we can have full stadiums, we have got everything that is necessary to make this work.”SNOW STOPS PLAYMeanwhile, Chelsea Football Club, where Chelsea striker Didier Drogba (left) plays, played the role of Christmas Scrooge yesterday, cancelling a party at Canary Wharf at which they had planned on giving away presents (as well as flogging hospitality tickets). While the Blues are stopping very little on the pitch at the moment, it seems that all it takes is a little snow to put the breaks on their festive spirit. center_img Show Comments ▼ whatsapp whatsapp THE TRUTH BEHIND THE BAILOUT IN IRELAND last_img read more

Xcite Energy sets up share rights plan

first_imgTuesday 30 November 2010 8:48 pm Share NORTH sea oilfield developer Xcite Energy yesterday revealed a defensive shareholder rights plan to ensure existing company owners can repel a hostile takeover bid if needed.The plan allows existing shareholders to buy new Xcite shares equal to the amount they already own at a substantial discount if another party tries to acquire 20 per cent or more of the company in a coercive bid.The plan works by doubling existing shareholders’ equity following a takeover offer, making it far more expensive for a hostile bid to succeed. Bids are considered coercive if the acquirer does not give shareholders 60 days to consider the offer made. Xcite, which owns and is developing the Bentley oil field in the North Sea 160 km east of the Shetland Isles, denied a takeover bid was looming.“The plan has not been adopted in response to, or in contemplation of, any specific proposal to acquire control of Xcite Energy,” it said.But the field is not yet producing oil and a spokesman said the company is waiting for the results of tests that should determine the extent of the field’s reserves. The results are expected next week and he said the board was concerned that if they were very positive and the share price did not reflect the value of the asset, an oil major could step in with a takeover bid.Shareholder rights plans such as these are controversial in the UK and outlawed under Takeover Panel rules. Known colloquially as “poison pills,” they are alleged to protect boards at the expense of shareholders’ ability to freely accept an offer. Xcite is dual-listed on London’s AIM and the Toronto Stock Exchange Venture board. The plan was announced in Toronto, though London shareholders would also be protected. Toronto-listed companies use rights plans more routinely, such as Canada’s PotashCorp’s defence in August against BHP Billiton.Xcite’s chief executive Richard Smith, chief financial officer Rupert Cole and exploration and development director Stephen Kew each held 4.2 per cent of its shares as of 28 October 2010. whatsapp Xcite Energy sets up share rights plan Tags: NULL KCS-content center_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Show Comments ▼ whatsapp last_img read more

Autonomy keeps pace with spate of big contract wins

first_img AUTONOMY yesterday continued a run of contract wins by announcing a “significant agreement” with Euronews for its Intelligent Data Operating Layer (Idol) software.The firm also said it has entered into a similar agreement with an unnamed US hedge fund.The announcement to supply Euronews – an international news channel with 335m viewers throughout Europe – is its eighth contract win of the year.Autonomy has already announced deals with Ahold, Safeway, US insurer Allstate, US telecoms group Verizon, a “seven figure” deal with an unnamed Japanese group and another contract with a US law firm.Autonomy has seen its shares fall from £19.75 in June to £14.24 yesterday, after a number of analysts turned bearish on the stock. It’s shares closed 2p lower at 1,478p yesterday.In October the firm said it would cut its full-year revenue guidance by about three per cent after weaker-than-expected demand, sending its shares down 16 per cent.Idol is a “smart” programme that is able to analyse and index video content, allowing users to, for example, easily search for specific phrases or incidents in long video files. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeExpertoffers.netResearch Great 5G Senior Cell PlanExpertoffers.netvirimi.com14 Efficient Arm Workouts To Build Might & Muscle – Virimivirimi.comStyleVamp10+ Normal People Who Astonishingly Look Like CelebsStyleVampAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationPlumbing ServicesPlumber Prices In Scottsdale might surprise YouPlumbing ServicesDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUwomengetfreebies.comGet free samples sent to your home. 100% free. Sign up Nowwomengetfreebies.comeSaver OrgThousands in United States Found the Device That Can Slash The Electricity BilleSaver Org KCS-content whatsapp Autonomy keeps pace with spate of big contract wins Monday 24 January 2011 7:35 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img Share whatsapp Show Comments ▼ Tags: NULLlast_img read more

Sky profits soar despite distractions

first_img BSKYB proved yesterday that behind the media sideshow surrounding its potential new owner and its wayward sports presenters lies a powerful profit-making machine.The broadcaster saw its profits soar 40 per cent year-on-year for its second fiscal quarter as it added an extra 140,000 new customers. Revenue for the period was up 15 per cent to £1.66bn. Net profit hit £179m, compared to £128m the year before, buoyed by demand for Sky’s new hardware, including 70,000 people paying for its 3D services and 343,000 new HD users.Customers were on average paying a record £541 a year. Only 9.5 per cent of them left on an annualised basis, which was also better than expected.Sky has become its own biggest story in recent weeks, with News Corp owner Rupert Murdoch’s £7.8bn bid for the firm playing out as a political soap opera in Westminster.Sky’s results revealed it has spent £7m in relation to the bid so far and this looks set to rise if, as he has indicated, culture secretary Jeremy Hunt recommends a full Competition Commission investigation.Sky Sports sensationally axed presenter Andy Gray, while Richard Keys resigned after they were recorded making sexist remarks about a female referee’s assistant. The on-going phone-hacking scandal involving the News of the World, owned by News Corp, has also attracted intense media attention. KCS-content whatsapp Sky profits soar despite distractions whatsapp Share Thursday 27 January 2011 8:46 pm Show Comments ▼ Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof last_img read more