UK media and telecoms correspondent
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Jan 15, 2013

HMV’s future seen limited to flagship stores and internet

LONDON, Jan 15 (Reuters) – HMV, the long-established
music retailer seeking protection from its creditors, is
unlikely to have a future beyond a rump of stores and the
internet, if other recent British retail failures are any guide.

After years of struggling as its core business of selling
CDs and DVDs was hammered by competition from online retailers
like Amazon and download sites like Apple’s
iTunes, HMV picked consultants Deloitte late on Monday to try to
salvage some of its 239 British and Irish stores.

Jan 14, 2013

China Citic Telecom shares surge after $1.2 billion Macau deal

HONG KONG/LONDON (Reuters) – Shares of Citic Telecom International Holdings Ltd had their biggest one-day percentage gain in more than two years on Monday after striking a $1.2 billion deal to gain control of a Macau telecommunications company from Cable & Wireless Communications Plc (CWC.L: Quote, Profile, Research, Stock Buzz) and Portugal Telecom SGPS SA (PTC.LS: Quote, Profile, Research, Stock Buzz).

The deal will help Citic Telecom, backed by China’s state-owned conglomerate Citic Group, gain greater access to fast-growing Macau and more retail customers. That prompted a near 18 percent rally in Citic Telecom shares on Monday, the biggest one-day gain since September 2010.

Jan 13, 2013

Citic buys CWC, Portugal Telecom stakes in Macau telco

HONG KONG/LONDON (Reuters) – Citic Telecom is to buy a 79 percent stake in a Macau telecom company from Cable & Wireless Communications (CWC.L: Quote, Profile, Research, Stock Buzz) and Portugal Telecom (PTC.LS: Quote, Profile, Research, Stock Buzz) for $1.2 billion, giving the Chinese company greater access to fast-growing Macau.

Macau, the world’s largest casino market, has been performing strongly for CWC due to tourism in the area, but the London-listed company is exiting some non-core markets to focus on the Caribbean and Central America.

Jan 10, 2013

UK retailers fight for scraps over tough Christmas

LONDON, Jan 10 (Reuters) – Department stores chain John
Lewis and deep discounter Aldi emerged as winners on
Thursday after British retailers fought it out for every pound
in a tough Christmas.

Elsewhere Tesco showed signs of life, John Lewis
and Next proved as reliable as ever, but Marks
& Spencer was left looking embarrassed when its poor
results were leaked a day early.

Dec 19, 2012

Report says no evidence of BBC cover-up over Savile

LONDON, Dec 19 (Reuters) – The BBC did not put pressure on
its flagship news show to drop a sex expose into Jimmy Savile
but staff emails published by an inquiry showed that some knew
about a “darker side” to the former star even as they prepared a
tribute programme.

News of Savile’s crimes threw the BBC into turmoil, with the
world-renowned broadcaster facing accusations that it shut down
an investigative report into Savile in favour of a laudatory
programme after he died last year.

Dec 10, 2012

Pace approaches Google over Motorola Home

LONDON/SAN FRANCISCO (Reuters) – British TV decoder maker Pace Plc said on Monday that it had made an early-stage proposal to Internet group Google Inc to acquire its set-top TV box maker Motorola Home.

“Discussions with Google are currently at a preliminary stage and there is no certainty as to whether any agreement regarding any transaction will be reached,” Pace said in a statement.

Dec 10, 2012

Britain’s Pace approaches Google over Motorola Home

LONDON/SAN FRANCISCO (Reuters) – British TV decoder maker Pace Plc said on Monday that it had made an early-stage proposal to Internet group Google Inc to acquire its set-top TV box maker Motorola Home.

“Discussions with Google are currently at a preliminary stage and there is no certainty as to whether any agreement regarding any transaction will be reached,” Pace said in a statement.

Dec 4, 2012

London Mayor demands pared back EU links for Britain

LONDON (Reuters) – London Mayor Boris Johnson heaped pressure on Prime Minister David Cameron on Tuesday by calling for a referendum on a deeply pared back British membership of the European Union.

Johnson, speaking at a Thomson Reuters Newsmaker event, said the euro was a calamitous project and that Britain should negotiate a new treaty to prevent its slide out of the world’s biggest economic area.

Dec 3, 2012

Murdoch opts for TV exec Darcey to run British newspapers

LONDON (Reuters) – Rupert Murdoch turned from one straight-talking New Zealander to another on Monday, appointing pay-TV executive Mike Darcey to run his troubled British newspaper arm through what is likely to be another tumultuous period for the Sun and Times titles.

Darcey will become chief executive of News International at the start of the year, before a series of high profile criminal trials stemming from a phone hacking scandal and a group restructuring that could expose the papers to a harsh economic climate.

Nov 30, 2012

Gushing papers laud Cameron’s stance on press law

LONDON (Reuters) – British Prime Minister David Cameron woke on Friday to find usually hostile newspapers gushing about his statesman-like qualities after he signalled his opposition to a new law governing the press.

After his party suffered a night of humiliation in three parliamentary elections, instead of facing questions over his leadership, he was cheered for rejecting the main plank of proposals from a public inquiry he set up in the wake of outrage at the excesses of tabloid newspapers.

    • 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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