UK media and telecoms correspondent
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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.

Jul 23, 2015

Exclusive: Pearson to sell FT to global media company

LONDON (Reuters) – British publisher Pearson (PSON.L: Quote, Profile, Research, Stock Buzz) 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.

Jul 16, 2015

Future of BBC up for grabs as UK government kicks off review

LONDON (Reuters) – Britain’s newly elected Conservative government signalled on Thursday it would cut back the BBC, the opening salvo in a battle over the future of the world’s biggest public service broadcaster.

Any attempt to change the 92-year-old broadcaster provokes a fierce reaction in Britain, where it claims a unique cultural status from its role in showing everything from royal weddings and sports events to local news and popular dramas.

Jul 16, 2015

BT could be broken up to improve Britain’s broadband networks

LONDON (Reuters) – Britain’s dominant telecoms provider BT could be broken up under a proposal from the regulator, after rivals accused it of abusing its market position and failing to invest in the broadband networks they rely on.

Regulator Ofcom floated the idea of a forced separation of BT’s Openreach network after rivals Sky and TalkTalk stepped up pressure for the national copper and fiber broadband networks to be run by an independent operator.

Jul 10, 2015

China’s rich seek shelter from stock market storm in foreign property

SYDNEY/LONDON (Reuters) – Realtors in Australia, Britain and Canada are bracing for a surge of new interest in their already hot property markets, with early signs that wealthy Chinese investors are seeking a safe haven from the turmoil in Shanghai’s equity markets.

Sydney realtor Michael Pallier said in the past week alone he has sold two new apartments and shown a A$13.8 million ($10.3 million) house in the harborside city to Chinese buyers looking for an alternative to stocks.

Jul 9, 2015

Balfour Beatty issues fresh profit warning, faces likely loss

LONDON, July 9 (Reuters) – Problematic contracts in Britain,
the Middle East and the United States will cost Balfour Beatty
up to 150 million pounds ($230 million) this year, the
infrastructure company said, setting it on course for another
annual loss.

Britain’s Balfour is counting the cost of wafer-thin margins
it accepted to win construction business during the financial
crisis and which have led to a series of profit warnings over
the past two years. It scrapped its dividend in March after
suffering a 2014 loss and warned of difficult times ahead.

Jun 26, 2015

UK online pioneer hopes to strike oil with new tech venture

LONDON, June 26 (Reuters) – One of the three founders of
pioneering British online grocery retailer Ocado, which
has warehouses but no stores, has taken control of a Silicon
Valley-based firm with a similarly unique approach to the
exploration for natural resources.

Jonathan Faiman made his name in Britain in 2000 when, with
no retail experience, he joined two other investment bankers
from Goldman Sachs to form the online supermarket which rivals
said would never work but is now a common sight on Britain’s
high streets with its colourful delivery vans.

Jun 23, 2015

Ladbrokes shares leap on $5 billion Gala Coral merger talks

By Kate Holton and Neil Maidment

(Reuters) – Shares in British bookmaker Ladbrokes (LAD.L: Quote, Profile, Research, Stock Buzz) jumped 20 percent on Tuesday on news of its merger talks with Gala Coral, designed to create a $5 billion giant with the firepower to get ahead in the key online gambling market.

The talks are the first major move by Ladbrokes Chief Executive Jim Mullen, who was appointed in March with a remit to grow digital services at Britain’s second biggest bookmaker and close the gap on market leader William Hill (WMH.L: Quote, Profile, Research, Stock Buzz).

    • 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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