News

The strongest-ever quarterly earnings from the UK’s largest mobile phone group, Everything Everywhere, today boosted the chances of its £10 billion flotation on the London stock market taking place by the end of this year.

Icap chief Spencer puts £1.7m on mobile gaming firm Probability

Many of those outside the City see little difference between trading on the London markets and gambling. For Michael Spencer, Conservative Party treasurer and head of the blue-chip interdealer broker Icap, that difference is clear: one is a job, the other an investment opportunity.

Market Report: Strong growth at Orange sparks mmO<SUB>2</SUB> sell-off

MMO 2 found itself firmly on the sell list yesterday as forecast-busting results from its rival Orange led to fears that the unit of France Telecom is eating into mmO 2's market share.

France to sell &Acirc;&pound;4bn stake in telecom group

France is selling up to 12.1 per cent of France Telecom in Europe's largest share placement in four years, bringing as much as €5.75bn (£3.9bn) into state coffers as it strives to cut national debt.

Market Report: Colt cools after analysts hang up on bid rumours

Colt telecom was the talk of the Square Mile yesterday as rumours of a bid for the alternative carrier circulated dealing rooms. Two names were bandied about as potential bidders for Colt: France Telecom and Cable & Wireless. But analysts quickly dismissed France Telecom as a potential buyer, arguing that the business did not fit well with its core operations.

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