UK media and telecoms correspondent
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Mar 26, 2014

Murdoch sets up sons to take over media empire

LONDON (Reuters) – Rupert Murdoch has brought eldest son Lachlan back into the leadership of his media empire and promoted younger son James, setting them up to succeed him when the 83-year-old tycoon finally steps down.

Lachlan, 42, will become non-executive co-chairman of both entertainment group 21st Century Fox and publishing company News Corp – sharing both roles with his father.

Mar 20, 2014

Mulberry CEO Guillon quits after turbulent two years

LONDON (Reuters) – Bruno Guillon has quit as chief executive of British luxury brand Mulberry (MUL.L: Quote, Profile, Research, Stock Buzz), bringing an end to a two-year tenure marked by three major profit warnings and a move to hike prices that is yet to pay off.

In a brief statement, the maker of Bayswater and Alexa handbags said Frenchman Guillon had decided to step down immediately. He had been CEO for just over two years, having joined from Birkin handbag maker Hermes (HRMS.PA: Quote, Profile, Research, Stock Buzz).

Mar 17, 2014

Vodafone agrees $10 bln deal for Spain’s Ono

LONDON, March 17 (Reuters) – Vodafone has agreed to
buy Spain’s largest cable operator Ono for 7.2 billion euros
($10 billion), the latest hefty deal in a European telecoms
sector starting to rebuild as the region recovers from a
recession.

The British group said on Monday it would use some of the
$130 billion proceeds from the sale of its U.S. arm to acquire
Ono, with a superfast cable network and 1.9 million customers,
to create a stronger challenger to market leader Telefonica
.

Mar 17, 2014

Vodafone agrees $10 billion deal to buy Spain’s Ono

LONDON (Reuters) – Vodafone Group Plc has agreed to buy Spain’s largest cable operator Ono for 7.2 billion euros ($10 billion), in the latest move by the British group to rebuild its European operations with a broadband offering.

Vodafone said on Monday the deal would enable it to offer a combination of mobile and fixed-line telephony, pay-TV and broadband in one of its largest European markets, hit hard by fierce competition and the effects of a lengthy recession.

Mar 17, 2014

Vodafone agrees to buy Spain’s Ono in 6.02 billion pounds deal

LONDON (Reuters) – Vodafone Group Plc has agreed to buy Spain’s largest cable operator Ono for 7.2 billion euros (6.02 billion pounds deal), in the latest move by the British group to rebuild its European operations with a broadband offering.

Vodafone said on Monday the deal would enable it to offer a combination of mobile and fixed-line telephony, pay-TV and broadband in one of its largest European markets, hit hard by fierce competition and the effects of a lengthy recession.

Mar 17, 2014

Vodafone agrees 7.2 bln euro deal to buy Spain’s Ono

LONDON, March 17 (Reuters) – Vodafone Group Plc has
agreed to buy Spain’s largest cable operator Ono for 7.2 billion
euros ($10 billion), in the latest move by the British group to
rebuild its European operations with a broadband offering.

Vodafone said on Monday the deal would enable it to offer a
combination of mobile and fixed-line telephony, pay-TV and
broadband in one of its largest European markets, hit hard by
fierce competition and the effects of a lengthy recession.

Mar 14, 2014

Vodafone close to deal to buy Spain’s Ono: sources

MADRID/LONDON (Reuters) – Shareholders of telecommunications company Ono are close to agreeing a deal with Britain’s Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) which has offered to buy the Spanish group for about 7.2 billion euros ($10 billion) including debt, two sources familiar with the matter said.

Shareholders in private equity-backed Ono, which sells fixed and mobile phone, TV and internet services, gave the green light to a planned initial public offering (IPO) of the company at a meeting on Thursday, but they were still holding out for a deal with Vodafone, one of the sources said.

Mar 12, 2014

Murdoch ex-editor Brooks blamed others for illegal activity, court hears

LONDON, March 12 (Reuters) – Rebekah Brooks, the former head
of Rupert Murdoch’s British newspapers, was accused in court on
Wednesday of blaming all those around her when finally caught
orchestrating an illegal campaign to get stories at any cost.

Appearing in the witness stand for a 13th day, Brooks
engaged in a tense standoff with lead prosecutor, Andrew Edis,
who accused her of ordering staff to hack into phones, make
illegal payments and then cover up their behaviour as the police
closed in.

Feb 28, 2014

Pearson earnings to fall in second year of restructuring

LONDON (Reuters) – Britain’s Pearson (PSON.L: Quote, Profile, Research) warned its earnings would fall sharply again in 2014 as the publisher entered the second year of a restructuring sparked by the deterioration in its main U.S. education market.

Pearson, the 170-year-old world leader in education which is under new leadership after years of good growth, suffered a tough 2013 and downgraded its outlook twice.

Feb 27, 2014

Currency swings and ad competition hit WPP’s shares

BARCELONA (Reuters) – Fierce competition in the global advertising industry forced Britain’s WPP (WPP.L: Quote, Profile, Research, Stock Buzz) to lower its profit guidance for 2014 on Thursday, wiping more than a billion pounds off its share price and overshadowing its improving trading throughout 2013.

The world’s largest advertising group said it had outperformed the rest of the industry in winning new business but the combination of clients demanding more for less, and currency fluctuations had hit its operating margins on a reported basis.

    • 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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