LONDON, Feb 10 (Reuters) – Pay-TV group Sky has agreed to pay 4.2 billion pounds ($6.4 billion) to show 126 live English Premier League matches a season from 2016 to 2019, smashing analysts’ forecasts to beat fierce rival BT to the best games.
After one of the most high-profile broadcast auctions of recent times, the Premier League said that Sky had won five of the seven rights packages, including the most popular Sunday afternoon matches showing the likes of Manchester United and Arsenal.
LONDON (Reuters) – BT (BT.L: Quote, Profile, Research) finalised a deal on Thursday to buy mobile operator EE for 12.5 billion pounds ($19 billion) and now faces a contested approval process to seal its status as Britain’s dominant communications company.
The deal, bringing together BT’s more than 10 million retail customers and EE’s 24.5 million direct mobile subscribers, will be funded by a one billion pound share issue and debt, and was warmly received by investors, who sent its shares to a 14-year high.
LONDON, Feb 4 (Reuters) – Strong demand for pay TV in
Britain and a record jump in German customers helped Sky Plc
post better-than-expected first-half profit on
Wednesday in its first results as a European group.
Sky, which formed from the combination of Britain’s BSkyB,
Sky Deutschland and Sky Italia to serve 20 million customers in
Europe, said it had also seen a significant decline in the
number of people leaving the platform.
DUBLIN/LONDON, Feb 2 (Reuters) – Ryanair cautioned
on Monday that profits would only rise modestly in the year
ahead as low oil prices help rivals to cut fares, taking the
shine off its third profit upgrade in as many months for the
year ending in March.
Ryanair, Europe’s largest airline by passenger numbers, has
increased its profit forecast for the current financial year by
over 30 percent since it reported stellar half-year results
three months ago, due to improvements in its much berated
customer service that have boosted fares and passenger numbers.
LONDON, Jan 30 (Reuters) – The revival of the once staid
British telecom monopoly BT picked up pace on Friday when
it launched a drive to upgrade its fibre network ahead of a key
soccer rights auction and a deal to buy mobile operator EE.
Getting its finances in order ahead of the two pivotal
events, BT also agreed a new deal with its pension trustees to
tackle a deficit that has hit 7 billion pounds ($10.5 billion),
up from 3.9 billion pounds three years ago.
LONDON (Reuters) – Britain’s dominant pay-TV group Sky SKY.L plans to launch a mobile service from 2016 through a deal with O2 owner Telefonica (TEF.MC: Quote, Profile, Research), ramping up the pressure in the country’s already crowded communications market.
Sky, which raced to become the country’s second-largest provider of home broadband after entering the market just seven years ago, will offer voice and data services to all customers through a wholesale partnership with Telefonica’s O2 network.
LONDON, Jan 21 (Reuters) – Britain’s Pearson said
it expected to return to earnings growth in 2015, after a solid
performance its North American higher education unit helped
bring an end to a turbulent two years of restructuring and
The education and media group said for 2015 it expected
adjusted earnings per share to come in between 75 and 80 pence,
up from the 66 pence it expects for last year, in what would be
the first rise since 2011.
LONDON, Jan 7 (Reuters) – British grocer Sainsbury’s
reported a better-than-expected Christmas quarter,
boosting its shares and providing a rare bright spot in an
industry convulsed by the march of the discounters.
The firm, which trails troubled market leader Tesco
and Wal-Mart Stores’ Asda by sales, said it remained
cautious about prospects for its full financial year with food
price deflation and intense competition likely to continue.
LONDON, Jan 5 (Reuters) – British department store chain
John Lewis enjoyed the most lucrative week in its
150-year-history thanks to “Black Friday” business which helped
to drive sales nearly five percent higher in the five weeks to
However, the company said the late November discounting
brought by the import of Black Friday from the United States was
disrupting traditional Christmas trading patterns and may have
to be tempered.
LONDON (Reuters) – Britain’s economy relied more heavily on spending by households for growth in the third quarter despite a fall in take-home incomes, underscoring the challenges of getting the recovery onto a sounder footing.
In another disappointing sign for policymakers, business investment was weaker than in an earlier reading of how Britain’s economy fared from July to September.