UK media and telecoms correspondent
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Apr 16, 2014

Tesco to step up price cuts as CEO defies pressure to quit

LONDON, April 16 (Reuters) – Tesco, Britain’s
biggest retailer, said it would slash millions of pounds off
prices to win back customers as a second year of falling profit
stepped up pressure on chief executive Philip Clarke to quit.

Clarke insisted he would see through his “bold” plan to
rebuild the world’s third-largest retailer, which had been the
darling of the sector during two decades of uninterrupted
earnings growth before a shock profit warning in 2012.

Apr 15, 2014

Ex-Murdoch editor says he played no part in murdered girl phone hacking

LONDON (Reuters) – Former Rupert Murdoch editor Andy Coulson told a London court on Tuesday he had not been involved in illegally tapping into the mobile phone messages of murdered British schoolgirl Milly Dowler, the incident that ignited Britain’s phone-hacking scandal and sent shockwaves through the country’s establishment.

Coulson, who later became Prime Minister David Cameron’s media chief, said he had never engaged in illegal hacking activity, nor had known staff working for the News of the World Sunday tabloid had tapped into Dowler’s messages.

Apr 14, 2014

Cameron’s ex-media chief says Brooks affair was wrong

LONDON, April 14 (Reuters) – David Cameron’s former media
chief Andy Coulson told a London court on Monday he had not
spoken to the British prime minister since his arrest, and
admitted his affair with Rebekah Brooks when working for Rupert
Murdoch tabloids was wrong.

Coulson and Brooks, the ex-boss of News Corp.’s
British newspaper arm, are on trial accused of charges linked to
phone-hacking. Prosecutors have suggested that their affair
played a key role in their involvement in criminal offences.

Apr 10, 2014

Top executive exit throws Co-op’s future into fresh doubt

LONDON (Reuters) – A former government minister appointed only four months ago to revive Britain’s Co-operative Group (42TE.L: Quote, Profile, Research, Stock Buzz) quit on Thursday, becoming the second experienced executive to walk away and throwing into fresh doubt the future of the 170-year-old mutual.

Paul Myners, in his role as senior independent director, had warned in March that the customer-owned group, whose activities range from supermarkets to farms, faced extinction unless it reformed to become more commercially driven.

Apr 10, 2014

Top executive abandons effort to revive Co-op

LONDON (Reuters) – A former government minister appointed only four months ago to revive Britain’s Co-operative Group quit the job on Thursday, throwing the 170-year-old mutual deeper into crisis.

Paul Myners, in his role as senior independent director, had warned in March that the customer-owned group faced extinction unless it became more commercially-driven.

Apr 10, 2014

Top executive abandons effort to revive Britain’s Co-op

LONDON, April 10 (Reuters) – A former government minister
appointed only four months ago to revive Britain’s Co-operative
Group quit the job on Thursday, throwing the
170-year-old mutual deeper into crisis.

Paul Myners, in his role as senior independent director, had
warned in March that the customer-owned group faced extinction
unless it became more commercially-driven.

Apr 2, 2014

Britain’s car industry overwhelmingly backs EU membership

LONDON (Reuters) – More than 90 percent of companies operating in the British car industry want the country to stay in the European Union, a survey showed on Wednesday, with access to the single market deemed fundamental to the sector’s success.

The automotive industry has been one of the most vocal supporters of Britain’s role in the EU since Prime Minister David Cameron threw membership into doubt with the promise of an in/out referendum by the end of 2017 if his party wins next year’s national election.

Apr 2, 2014

Britain’s car industry overwhelmingly backs EU membership -survey

LONDON, April 2 (Reuters) – More than 90 percent of
companies operating in the British car industry want the country
to stay in the European Union, a survey showed on Wednesday,
with access to the single market deemed fundamental to the
sector’s success.

The automotive industry has been one of the most vocal
supporters of Britain’s role in the EU since Prime Minister
David Cameron threw membership into doubt with the promise of an
in/out referendum by the end of 2017 if his party wins next
year’s national election.

Mar 31, 2014

Vodafone brings Africa’s M-Pesa mobile money to Europe

LONDON, March 31 (Reuters) – Vodafone brought the
mobile money service that has revolutionised banking in Africa
to Romania on Monday, offering M-Pesa text-message transactions
to millions of customers in its first push into Europe.

Vodafone said it had chosen Romania to target the seven
million people there who still mainly use cash rather than
cards, and others with bank accounts who could still benefit
from transferring money by text.

Mar 27, 2014

Britain orders anti-trust probe into biggest energy suppliers

LONDON, March 27 (Reuters) – Britain ordered a full
anti-trust investigation into its biggest energy suppliers on
Thursday after finding signs of tacit price coordination,
launching a process that could result in the break-up of
companies including Centrica and SSE.

In a move that may usher in the biggest shake-up of
Britain’s retail energy market since it was opened up 15 years
ago, three regulators said competition was so weak and public
trust so low that an investigation was needed.

    • 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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