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Thursday newspaper round-up: Facebook, Johnston Press, steel industry

Thu, 11th Feb 2016 07:14

(ShareCast News) - Other EU leaders are ready to copy David Cameron's referendum tactics for their own "egotistic goals", the European Council president has said, as he sounded the alarm over populist politics bringing the bloc to the brink of "suicide". Donald Tusk's forthright warning on Wednesday came as he announced he was clearing his diary next week to concentrate on the "very fragile" talks on a "new settlement" for Britain, which will be discussed at an EU summit next week. - Financial TimesMark Zuckerberg has clashed with Marc Andreessen, a longstanding Facebook investor and board member, over what the social network's founder called "deeply upsetting" remarks about India's colonial history by the venture capitalist. The unusually public spat between the Facebook chief executive and one of his most prominent backers follows a significant setback earlier this week for the social network's plan to bring free mobile internet access to India. - Financial TimesJohnston Press is in advanced talks with the Lebedev family to buy the i newspaper in a deal that will raise questions over the future of its stable mate, The Independent. It is understood both sides are brokering the sale of the tabloid, with talks expected to run into the night. Sources confirmed the i, which was launched in October 2010 at a cover price of 20p, is the only subject under discussion between the two parties. - TelegraphDavid Cameron has hailed Britain's technology sector as "extraordinary", after a report revealed companies are generating £161bn for the economy. According to the Tech Nation report, now in its second year, the digital economy grew 32pc faster than the rest of the economy between 2011 and 2014, and is creating new jobs at an unprecedented rate. - TelegraphDavid Cameron has been accused of failing the British steel industry after the government confirmed it was blocking proposals from other EU members to tackle dumping of cheap product by China. Sajid Javid, the business secretary, said it would not be right for the EU to scrap regulations known as the "lesser duty rule", which some countries want to end in order to allow higher tariffs on Chinese steel. - GuardianThe Bank of England and Paul Tucker have been drawn back into the Libor scandal amid claims that Barclays used what it believed was a confidential instruction from a former deputy governor to lower rates to buy billions of pounds of debt in rival British lenders at the height of the financial crisis. - The TimesThe outgoing boss of Waitrose who didn't get the job he originally wanted - the chairmanship of Channel 4 - is to be elevated to the peerage and become Her Majesty's minister for trade and investment. Mark Price, the self-proclaimed "chubby grocer", was scheduled to retire from Waitrose in April and it had become common knowledge that he coveted the job at Channel 4. - The Times
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5 Aug 2015 05:13

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4 Aug 2015 15:15

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23 Jul 2015 07:22

BUZZ-Daily Mail: worst day in 6 yrs as warns of weaker ad markets

** Daily Mail bottom of the Stoxx & poised for biggest one-day drop since April 2009 ** Co sees "marked deterioration" in British print advertising market meaning FY to be at lower end of expectations ** Stock down 8.1% at levels not seen since mid March in volume at a fifth of 90-day

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23 Jul 2015 07:21

UPDATE 1-Daily Mail lowers guidance as advertising markets worsen

(Adds analyst reaction, shares) LONDON, July 23 (Reuters) - The publisher of the Daily Mail newspaper and website said it had seen a "marked deterioration" in the British print advertising market that would result in full-year results coming in at the lower end of expectations. Total

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23 Jul 2015 06:18

Daily Mail lowers guidance as advertising markets deteriorate

LONDON, July 23 (Reuters) - The publisher of the Daily Mail newspaper and website said it had seen a "marked deterioration" in the British print advertising market that would result in full-year results coming in at the lower end of expectations. It said total underlying advertising revenue

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14 Jul 2015 09:19

Johnston Press shares tumble after profit warning

(ShareCast News) - Shares in community news firm Johnston Press tumbled on Tuesday after the company issued a profit warning. The company said it expects first-half profits to be marginally below last year, impacted by a slowdown in general trading and specific weakness in the run-up to and after th

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14 Jul 2015 08:36

BROKER RATINGS SUMMARY: Morgan Stanley Cuts Pearson To Equal-Weight

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14 Jul 2015 07:50

BUZZ-Johnston Press: hits 3-yr low after profit warning

** Johnston Press, publisher of "The Scotsman" and "The Yorkshire Post", falls to in lowest in almost 3 yrs after co warns on lower FY profit ** Co says Q2 hurt by a number of national and local advertisers choosing to reduce or delay their spend in both print and online during general elec

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14 Jul 2015 07:25

LONDON BRIEFING: Iran Nuclear Agreement Hits Oil Prices

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14 Jul 2015 07:23

REPEAT: Johnston Press Issues Profit Warning After Second Quarter Slump

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14 Jul 2015 06:49

Johnston Press Issues Profit Warning After Second Quarter Slump

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14 Jul 2015 06:37

Johnston Press sees lower FY profit as advertisers spent less during polls

July 14 (Reuters) - Johnston Press Plc, publisher of "The Scotsman" and "The Yorkshire Post", said it expected its full-year profit to be slightly below market expectations, after advertisers tightened their purse strings during the elections. Edinburgh-based Johnston Press said its first-h

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12 Jul 2015 12:26

Britain asks BBC's competitors to review its remit

LONDON, July 12 (Reuters) - Britain's government will ask the BBC's competitors to scrutinise the broadcaster's remit and scale, the government said on Sunday, after years of controversy over how it has been funded. The BBC, the world's largest broadcaster, has long been criticised by gover

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