UK media and telecoms correspondent
Kate's Feed
Jun 17, 2014

Swann’s SSP hopes to raise 500 mln stg with London listing

LONDON, June 17 (Reuters) – Unfazed by a volatile IPO
market, retail industry veteran Kate Swann plans to raise around
500 million pounds ($840 million) through a London listing of
food and drink company SSP in the next few weeks.

Swann, who has spent 25 years in British retailing and joined
SSP as chief executive last year, expects to draw on her 10
years running WH Smith to improve the fortunes of a
company that operates food and drink outlets in airports and
railway stations in 29 countries.

Jun 16, 2014

Vodafone targets “connected cars” with Italian deal

LONDON, June 16 (Reuters) – Vodafone is buying an
Italian car electronics maker for 145 million euros ($197
million), seeking to get ahead in the race to connect more
products to the internet and offset slowing growth in its core
mobile phone business.

Telecoms and technology firms are looking to tap an expected
surge in demand for so-called machine-to-machine (M2M)
communications – or using the internet to get products from cars
and washing machines to turbines and medical equipment to carry
out more tasks, more efficiently.

Jun 8, 2014

British phone-hacking trial nears conclusion

LONDON, June 9 (Reuters) – The jury in the seven-month trial
of two ex-Rupert Murdoch editors, one the media mogul’s head of
British newspapers and the other a close aide to the prime
minister, is expected to retire to consider its verdict this
week.

Judge John Saunders is likely to finish his summing up of
the high-profile case on either Monday or Tuesday, leaving the
eight women and three men of the jury to decide the fates of
Rebekah Brooks, Andy Coulson and five others.

Jun 6, 2014

Six governments tap Vodafone calls

LONDON (Reuters) – The world’s second-biggest mobile phone company Vodafone revealed government agencies in six unidentified countries use its network to listen to and record customers’ calls, showing the scale of telecom eavesdropping around the world.

The United States and Britain both came in for global scrutiny and criticism after Edward Snowden, a former contractor with the U.S. National Security Agency (NSA), disclosed their vast phone, email and internet surveillance operations.

Jun 6, 2014

Vodafone reveals global scale of telephone surveillance

LONDON (Reuters) – The world’s second-biggest mobile phone company Vodafone revealed government agencies in six unidentified countries use its network to listen to and record customers’ calls, showing the scale of telecom eavesdropping around the world.

The United States and Britain both came in for global scrutiny and criticism after Edward Snowden, a former contractor with the U.S. National Security Agency (NSA), disclosed their vast phone, email and internet surveillance operations.

Jun 5, 2014

ASOS profit warning wipes $2 bln off its market value

LONDON, June 5 (Reuters) – British online fashion retailer
ASOS warned full-year profits would miss forecasts by
30 percent as the strong pound forced it to cut prices in
foreign markets, wiping 1.2 billion pounds ($2 billion) off its
market value.

The former darling of the retail sector first spooked
investors in March when it announced plans to spend on
infrastructure to meet future demand, at the expense of
short-term profits, and the stock took a further hammering on
Thursday when the group spelled out the full impact.

Jun 4, 2014

Tesco strategy under scrutiny as British sales slide worsens

LONDON, June 4 (Reuters) – Britain’s biggest retailer Tesco
recorded its worst quarterly UK sales drop in 40 years,
raising questions over boss Phil Clarke’s strategy to counter
the challenges of a rapidly-changing grocery industry.

British consumers are looking around to save money, trying
to waste less by buying little and often in local convenience
stores instead of a big weekly shop at large out-of-town stores.

Jun 4, 2014

Pressure mounts at Tesco as British sales slide worsens

LONDON, June 4 (Reuters) – Britain’s biggest retailer Tesco
recorded its worst quarterly UK sales drop in 40 years
on Wednesday, ratcheting up the pressure on boss Phil Clarke to
show his turnaround plan can counter the challenges of the
grocery industry.

British consumers are shopping around to save money, wasting
less and turning to fast-growing discounters such as Aldi
and Lidl or Waitrose and Marks &
Spencer at the top end of the market. The once-mighty
Tesco has posted two straight years of profit decline.

May 29, 2014

Centrica faces leadership void as executive departures continue

LONDON (Reuters) – The head of Centrica’s British Gas division is leaving the company, it said on Thursday, joining other high-profile departures that leave a leadership vacuum as the group contends with public and political anger over soaring energy bills.

The loss of Chris Weston follows the announcement in January that Finance Director Nick Luff is to leave Centrica this year and comes at the same time as the British group’s board makes preparations for the expected exit of long-serving CEO Sam Laidlaw.

May 29, 2014

Centrica loses second executive in five months

LONDON, May 29 (Reuters) – Britain’s Centrica said
the head of its British Gas division was leaving the company,
the second big-name departure to be announced in five months as
it battles public anger over soaring energy bills.

Chris Weston, who will become the new boss of power provider
Aggreko next year, joins Centrica’s Finance Director
Nick Luff in announcing his intention to leave. Media have
speculated that Chief Executive Sam Laidlaw may also soon quit.

    • 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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