UK media and telecoms correspondent
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May 7, 2015

Cameron close to majority after election – exit poll

LONDON (Reuters) – Prime Minister David Cameron’s Conservatives are on course to win the most seats in parliament but will be just shy of an outright majority, an exit poll showed on Thursday after voting closed in a national election.

The poll put the Conservatives on 316 seats and the main opposition Labour Party on 239. The Scottish National Party (SNP) is set to win 58 seats, all but wiping Labour out in its former Scottish stronghold.

May 4, 2015

Whoever triumphs in UK election, it won’t be the press “wot won it”

LONDON, May 4 (Reuters) – Rupert Murdoch’s British tabloid
famously crowed “It was the Sun wot won it” in 1992, claiming
its support had swayed 10 million readers to back John Major’s
Conservatives to an unexpected election victory.

In the three elections that followed, the rightwing paper
backed the other side, helping to deliver victories for Tony
Blair’s newly pro-business Labour Party.

Apr 30, 2015

Conservatives lead Labour by five points in new pre-election poll

LONDON (Reuters) – Britain’s ruling Conservatives took a five point lead over Labour in an Ipsos-MORI survey on Thursday, the latest poll to show David Cameron’s party gaining an edge just seven days before a knife-edge election.

The Conservatives and Ed Miliband’s opposition Labour Party have been neck-and-neck in most polls since the start of the year, but by Thursday seven of the 10 pollsters covering the May 7 election had Cameron’s Conservatives ahead.

Apr 21, 2015

Sky see potential for further price rises as loyalty stays strong

LONDON, April 21 (Reuters) – Pay-TV group Sky
believes its customers will accept higher prices, it said on
Tuesday after reporting a 20 percent jump in nine-month profit,
sending its shares to a 14-year high.

Sky, which formed from the combination of Britain’s BSkyB,
Sky Deutschland and Sky Italia to serve 20 million customers
across Europe, reported results showing strong demand in Britain
and record growth in Germany.

Apr 15, 2015

In British election, a taste for the absurd brings some relief

LONDON (Reuters) – In an election that will shape the destiny of the United Kingdom, anguish over how to eat bacon sandwiches and hot dogs has brought a note of absurdity to the battle for Downing Street.

The May 7 vote could throw Britain’s membership of the European Union into doubt or give Scottish nationalists, who want to break up the United Kingdom, the role of kingmaker in the London parliament.

Mar 9, 2015

WPP has strong January trading after hitting 2014 target

LONDON (Reuters) – WPP (WPP.L: Quote, Profile, Research, Stock Buzz), the world’s biggest advertising company, said it had seen demand improve in January after strong trading in North America and China helped the British firm meet 2014 targets and lift its return to investors.

The British company, owner of the JWT and Ogilvy & Mather agencies, has outperformed its peers in recent years due to its wide geographical spread and strength in digital advertising, and said it expected this to continue in 2015.

Mar 9, 2015

Guardian owner sees higher losses as pace of change ramps up

LONDON, March 9 (Reuters) – Britain’s Guardian Media Group
(GMG) expects its losses to increase in the next few years as it
invests to keep up with the rapid pace of change ripping through
the newspaper industry, its outgoing chief executive said.

The owner of the Guardian, known for breaking news of
widespread surveillance by the U.S. National Security Agency
from the leaks of analyst Edward Snowden, said it expected to
record a loss of around 30 million pounds ($45.2 million) when
it reports full-year results this summer.

Mar 4, 2015

Former Virgin Media FD to float buy-fix-sell vehicle

LONDON, March 4 (Reuters) – Eamonn O’Hare, a former Virgin
Media finance director, plans to list a new company to raise
cash to buy, turn around and sell assets in the European
technology, media and telecommunications sector with a value of
up to 3 billion pounds ($4.58 billion).

O’Hare, also former chief financial officer at the UK arm of
retailer Tesco, has set up a firm called Zegona and is
seeking to raise an initial 30 million pounds ($45.8 million)
through a placing.

Mar 4, 2015

Reed’s Risk boss reaps rewards from tackling online fraudsters

LONDON (Reuters) – The softly-spoken head of the Risk division at Reed Elsevier does not wish to thank the U.S. online fraudsters who have helped drive his unit’s growth, but his investors may not be so bashful.

Mark Kelsey’s Risk and Business Information division has been one of the stand out performers for Europe’s largest media company in recent years, with its technology helping U.S. state governments and firms to spot and prevent online fraud.

Mar 4, 2015

ITV heralds return to strength with special dividend

LONDON, March 4 (Reuters) – The British broadcaster ITV
declared victory in its transformation plan on
Wednesday, returning cash to shareholders after strong
international growth and new revenue streams helped it to beat
2014 profit forecasts.

Adam Crozier took over the top job at ITV in 2010 when
Britain’s biggest listed free-to-air broadcaster was on its
knees, buffeted by the fluctuations of advertising markets and
haemorrhaging viewers to the higher quality programming coming
from the publicly owned BBC.

    • 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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