Sunday 1 June 2008

Sunday Business Aggregation - 1st June

Not too much in the business news this week, the summer has started and the main issues around energy are both energy and business:

End for B&B CEO - Another profits warning and B&B is on the brink, no access to funds and a very poor looking book.

New nuclear stations planned - Horses have already bolted as the Government is 10 years behind in the market demand...

Land of Nothing - Leather chain to disappear, my hunch is the high street is going to get into deep trouble over the course of this year.

Broadband inflation - Ofcom set to raise charges for broadband, nice to see one hand of the government bolstering BT's profits and helping to raise inflation at the same time; really nice.

FSA appointment - City insider given the top job, not many internal candidates were there....

9 comments:

  1. Why does it have to be BT who invest in the next set of wires?

    If the market for faster b

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  2. roadband is there, surely someone will stump up the cash?

    [sorry for the line break!]

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  3. Last I heard OFCOM were giving BT grief about not unbundling exchanges fast enough and letting other providers put their kit in.

    I guess they were holding out for a rise in wholesale rates by the sounds of it - cheeky sods.

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  4. This B&B stuff is making sterling tank against the dollar according to some article on Bloomberg, it's down over a cent agains the dollar already from before the weekend.

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  5. BT - I just can't stand them, the Government always rolls over for them when push comes to shove and they have never done anything decent for this country. See what happened after deregulation. I guess Ofcom is just full of ex-BT staffers....

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  6. So much for BT's monopoly being broken, when they own all the telephone lines. How about some proper competition in the telecoms market?

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  7. It seems to me that cable is a more viable broadband technology, so why aren't we hearing the drum being banged for them? I would get cable broadband if I could, but Virgin have said that they aren't going to extend their reach presumably because it is too expensive.

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