UK media and telecoms correspondent
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Aug 28, 2015

Rebekah Brooks returning to News Corp as UK chief: FT

LONDON (Reuters) – Rebekah Brooks will return to her old job heading Rupert Murdoch’s British newspaper division, the Financial Times reported, just over a year after being cleared of criminal charges in a phone-hacking scandal.

Her return to News Corp could be as soon as early September, the Financial Times said on Friday, citing people familiar with the matter.

Aug 26, 2015

U.S. growth offsets Chinese jitters at ad group WPP

LONDON (Reuters) – Britain’s WPP (WPP.L: Quote, Profile, Research, Stock Buzz), the world’s biggest advertising company, said it was on track to hit its demanding full-year sales target after solid first-half demand in mature countries helped to offset a slowdown in China.

WPP, which handles the advertising needs of brands such as Ford and Unilever through agencies including JWT and Ogilvy & Mather, posted results showing it was performing broadly on a par with its two big U.S. rivals Omnicom (OMC.N: Quote, Profile, Research, Stock Buzz) and IPG (IPG.N: Quote, Profile, Research, Stock Buzz) and ahead of French group Publicis (PUBP.PA: Quote, Profile, Research, Stock Buzz).

Aug 12, 2015

Agnelli family lifts stake in The Economist as Pearson sells out

LONDON (Reuters) – Britain’s Pearson brought an end to its near 60-year ownership of the Economist on Wednesday, agreeing to sell its 50 percent stake in a deal that makes Italy’s Agnelli family the largest shareholder in the weekly title.

The 469 million pound ($731 million) deal had been expected after Pearson sold the Financial Times newspaper last month to Japan’s Nikkei to focus on its education business.

Aug 10, 2015

UK farmers protest over fear of financial ruin from low milk prices

LONDON, Aug 10 (Reuters) – British farmers warned on Monday
they were facing financial ruin with falls in the price of milk
forcing many out of work and spurring others to blockade
distribution centres and walk cows through supermarkets.

Farming unions from across the country were meeting in
London to urge the government to provide more help for an
industry that has seen a 25 percent year-on-year drop in the
amount farmers are paid for milk.

Jul 30, 2015

Clarkson and ‘Top Gear’ presenters sign with Amazon for new car show

LONDON (Reuters) – Britain’s former BBC “Top Gear” host Jeremy Clarkson has signed an exclusive deal with Amazon to present a new motoring show for the online retailer’s subscription service alongside co-presenters Richard Hammond and James May.

Clarkson had generated both controversy and profits for Britain’s publicly-funded broadcaster. His BBC contract was not renewed after he physically attacked a member of the “Top Gear” production staff in March.

Jul 29, 2015

Sky beats year forecasts with broad demand across Europe

LONDON (Reuters) – European pay-TV group Sky said on Wednesday it expects to perform strongly in its new financial year after better-than-expected 2014/15 profits prompted investors to rethink their growth forecasts for the newly-enlarged group.

Sky, formed from the combination of Britain’s BSkyB, Sky Deutschland and Sky Italia to serve 21 million customers in Europe, posted full-year results boosted by record demand in Germany and Austria, a stabilization in Italy and continued solid growth in Britain and Ireland.

Jul 24, 2015

Recovery takes hold at Britain’s Vodafone

LONDON, July 24 (Reuters) – Vodafone said an
acceleration in quarterly sales growth should continue through
the year, showing its recovery is moving on to a stronger
footing and boosting its shares on Friday.

The world’s second-largest mobile operator by customers,
which reported a return to quarterly sales growth for the first
time in nearly three years in May, has been hit by weak consumer
spending in its big European markets and price cuts imposed by
regulators around the world.

Jul 23, 2015

Japan’s Nikkei buys Financial Times in $1.3 billion deal

LONDON (Reuters) – Japanese media group Nikkei on Thursday agreed to buy the Financial Times from Britain’s Pearson in a $1.3 billion deal that brings together two leading financial news organisations from Europe and Asia.

The sale of the FT Group does not include its 50 percent stake in The Economist magazine or the London headquarters of the newspaper on the banks of the River Thames.

Jul 23, 2015

Pearson to sell FT Group to Axel Springer, the FT says

LONDON, July 23 (Reuters) – British publisher Pearson
is in advanced talks to sell the Financial Times Group
to Germany’s Axel Springer, bringing an end to its
near 60-year ownership of the pink-paged business newspaper, the
FT said on Thursday.

Reuters had earlier reported that Pearson, the world’s
leading education provider, had decided to sell the group which
includes the paper, website and its share in the Economist.

Jul 23, 2015

Exclusive: Pearson to sell FT to global media company – source

LONDON (Reuters) – British publisher Pearson has decided to sell the Financial Times to a “global, digital news company” after owning the business newspaper for nearly 60 years, a person familiar with the deal said on Thursday.

Pearson, which has become the world’s leading education provider, later confirmed that it was in advanced discussions regarding a potential disposal of FT group, which includes the pink-paged paper, its website and its share in the Economist, but declined to provide further details.

    • About Kate

      "I am based in London and cover the UK media and telecoms sectors including BSkyB, Vodafone and WPP. I have previously covered UK general news and sports including major events such as the Olympics and football World Cups."
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