UK media and telecoms correspondent
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Aug 1, 2014

Insight: Tesco’s new boss – the outsider on the inside track

LONDON (Reuters) – When Tesco needed a new chief executive to rebuild the world’s third-biggest retailer it turned to “Drastic Dave” Lewis, a turnaround specialist who is probably as close to being an insider as an outsider can be.

The 49-year-old earned the nickname during his 27 years at Unilever, where he turned around a string of operations including the consumer giant’s British business, cutting costs and energising staff with innovative marketing campaigns.

Aug 1, 2014

Tesco’s new boss – the outsider on the inside track

LONDON, Aug 1 (Reuters) – When Tesco needed a new
chief executive to rebuild the world’s third-biggest retailer it
turned to “Drastic Dave” Lewis, a turnaround specialist who is
probably as close to being an insider as an outsider can be.

The 49-year-old earned the nickname during his 27 years at
Unilever, where he turned around a string of operations
including the consumer giant’s British business, cutting costs
and energising staff with innovative marketing campaigns.

Jul 30, 2014

World Cup helps ITV to first-half earnings beat

LONDON, July 30 (Reuters) – ITV Plc, the British
commercial broadcaster that has caught the eye of pay-TV group
Liberty Global Plc, posted a higher-than-expected 11
percent rise in first-half adjusted earnings, helped by the draw
of the soccer World Cup.

John Malone’s Liberty, owner of British cable TV group
Virgin Media, bought a 6.4 percent stake in the broadcaster
earlier his month from satellite broadcaster BSkyB.

Jul 25, 2014

BSkyB to pay 4.9 billion pounds to create Sky Europe

LONDON (Reuters) – Britain’s BSkyB has agreed to pay 4.9 billion pounds in cash to buy Rupert Murdoch’s pay-TV assets in Germany and Italy, responding to slowing growth at home by creating a European media powerhouse.

BSkyB, in which Murdoch’s 21st Century Fox is also the top shareholder, will pay for the deal using cash, debt and a placing of shares that represents around 10 percent of its issued share capital.

Jul 25, 2014

BSkyB to pay $8 billion to create Sky Europe

LONDON, July 25 (Reuters) – Britain’s BSkyB has
agreed to pay 4.9 billion pounds ($8.3 billion) in cash to buy
Rupert Murdoch’s pay-TV assets in Germany and Italy, responding
to slowing growth at home by creating a European media
powerhouse.

BSkyB, in which Murdoch’s 21st Century Fox is also
the top shareholder, will pay for the deal using cash, debt and
a placing of shares that represents around 10 percent of its
issued share capital.

Jul 24, 2014

BSkyB to unveil “Sky Europe” deal on Friday

LONDON, July 24 (Reuters) – Britain’s pay-TV group BSkyB
will on Friday unveil its multi-billion euro deal to buy
Rupert Murdoch’s assets in Italy and Germany, sealing a plan to
create a pan-European giant with almost 20 million customers.

A person familiar with the situation said the terms of the
deal, first announced in May, were due to be disclosed at 0600
GMT on Friday, when the London-listed firm publishes its
full-year results.

Jul 18, 2014

BSkyB prepares to roll the dice again with European expansion

LONDON/MILAN/FRANKFURT, July 18 (Reuters) – BSkyB’s
plan to buy Rupert Murdoch’s pay-TV assets in Italy and Germany
for perhaps as much as 10 billion euros is a bold bet on
long-term growth at the expense of short-term profit, but the
pioneering British media firm has pulled off such gambles
before.

Facing the toughest market conditions in its 25-year
history, BSkyB has opened talks with Murdoch’s 21st Century Fox
to acquire Sky Deutschland and Sky Italia to
create a European powerhouse with 20 million subscribers.

Jul 17, 2014

Liberty Global buys stake in UK broadcaster ITV

LONDON (Reuters) – U.S.-based cable group Liberty Global (LBTYA.O: Quote, Profile, Research) has bought BSkyB’s (BSY.L: Quote, Profile, Research) 6.4 percent stake in ITV (ITV.L: Quote, Profile, Research), Britain’s biggest free-to-air commercial broadcaster, boosting its shares on hopes of a wider bid.

Billionaire John Malone’s Liberty, which bought British cable operator Virgin Media as part of a European expansion last year, said it did not intend to make an offer for the rest of the broadcaster, but ITV shares still rose 9 percent.

Jul 17, 2014

ITV shares jump as Malone’s Liberty Global buys stake

LONDON, July 17 (Reuters) – John Malone’s cable group
Liberty Global has bought a 6.4 percent stake in ITV
from BSkyB, lifting shares in Britain’s biggest
free-to-air commercial broadcaster on hopes of a wider bid.

Liberty, which bought Virgin Media in Britain as part of a
European expansion last year, said it did not intend to make an
offer for the rest of ITV, but shares in the group still rose 9
percent at the open as investors digested the move.

Jul 16, 2014

Vodafone CEO says unlikely to look at America Movil Mexico assets

LONDON (Reuters) – Britain’s Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) said it was unlikely to be interested in telecom assets being put up for sale in Mexico by tycoon Carlos Slim’s America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz) since a deal would not fit with its focus on the corporate market in Latin America.

America Movil has pledged to sell unspecified assets, which analysts say could include mobile subscribers and spectrum, to cut its market share in Mexico below 50 percent and escape tougher regulations.

    • 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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