News

City analysts have accused Orange and T-Mobile of “dithering” after they axed plans for a £10 billion flotation of EE.

Go-Ahead sees surge in passengers

A surge in passenger numbers helped the bus and train operator Go-Ahead post better-than-expected annual profits .

Moat departs from Everything

Richard Moat, the telecoms executive who won praise for turning around T-Mobile UK before its merger with Orange UK, has quit the Everything Everywhere venture that was formed by the combination of the two businesses.

Call of Duty helps Vivendi advance despite weakness in French sector

Growth in video games and in Brazil helped the telecoms and entertainment giant Vivendi post first-half profits in line with expectations yesterday, despite weakness in its key French telecoms business.

Boss of Southern Cross waives £430,000 pay-off

The chief executive of Southern Cross will not pocket his pay-off of £430,000 when he steps down from the beleaguered care homes operator once its restructuring is "well advanced" towards the end of the autumn.

David Prosser: The chief executive who set an example

Outlook It is easy enough to throw mud at fat-cat executives who desert a sinking ship with generouspay-offs – and goodness knows there have been enough of them over the past couple of years – so we should be gracious on the odd occasion when someone does the right thing. Step forward Jamie Buchan, chief executive of Southern Cross.

DLL plans kids' sports club chain

Health and sports club operator David Lloyd Leisure is to spend £2.5m expanding its chain of sites aimed specifically at children.

Tied pub contracts 'force landlords out of trade'

The so-called "beer tie" operated by a number of Britain's largest pub chains is forcing pubs out of business all over the country and must be regulated more closely, a leading think-tank warned today.

Punch and Spirit go their separate ways

Punch Taverns and Spirit Pub Group will update the market on Thursday, for the first time as separate entities since their split earlier this summer.

Train drivers to vote on pay offer

Train drivers who went on strike in a row over pay are to be balloted on an offer worth 5%, it was announced today.

Riots a setback for nightclub operator

The struggling owner of the nightclub chains Liquid and Oceana yesterday warned that the riots earlier this month had had a material impact on trading.

US poker players turned into refugees by online gaming ban

American card players are hardly a high priority for humanitarian organisations protecting the rights of the world's imperilled communities. But such is the current plight of professional poker players in the United States, where online poker has been all but illegal since April, that a new service launched last week offering to relocate beleaguered card players to "poker-friendly countries" around the world.

Verizon workers call off strike

The two-week long strike at Verizon Communications is set to end this week after the unions and the US telecoms group reached an agreement to restart negotiations. Around 45,000 workers are expected to start going back to work, with some resuming late shifts today, and the remainder following suit tomorrow. The weekend pact will see Verizon extend the old contract terms indefinitely while it talks to the unions about changes.

Cement industry referred for competition inquiry

The Competition Commission should investigate the market for cement, ready-mix concrete and aggregates such as rocks, sand and gravel, the Office of Fair Trading said yesterday.

MasterCard gives festival-goers a taste of mobile payment

A group of guinea-pig festival-goers at the recent Isle of Wight festival saved themselves from long queues for the beer and masses of food that are generally consumed at a weekend-long festival.

Simon Calder: When Holidays 4U turns out to be 'no Holiday 2 anywhere'

The man who pays his way

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