Hints and tips:
...Media analyst Ian Whittaker described the deal as “a model for everyone else — flat fee for the historic data plus ongoing annual fee”....
...But Ian Whittaker, an independent media analyst, does not believe the bid will be derailed by the furore. “You work in finance and set up a hedge fund, you are not a shrinking violet,” Whittaker said....
...Even so, Ian Whittaker, an independent media analyst, said “there is nothing in the 2022 financials that would suggest a major deviation” from a price range of £450mn-£600mn....
...Ian Whittaker, an independent media analyst, said that DMGT seemed to be the most likely buyer for the Telegraph group although the combined groups would have about 35 per cent share of the newspaper advertising...
...“There is definitely a pick-up in activity,” says Sam Whittaker, managing director for the investment bank Lazard’s restructuring business....
...Based on Whittaker’s valuation model, that’s around £750mn. TMG declined to comment on the lack of accounts, or any other questions we asked....
...Thomas Pugh: Significant reform of the planning system....
...Thomas Pugh: Not in 2023, but it is likely to have to raise taxes further ahead....
...For a snapshot of such government action, I wanted to highlight recent articles from UK energy colleague Natalie Thomas....
...Either way, BT needs a strong chair to handle its new shareholders, writes the FT’s Helen Thomas....
...Zant-Boer, Farthingstone, England Crossword 16,338: Ailsa Bolton, France; John Morrissey, Surrey, England; RK Ajayakumar, Croydon, England Polymath 1,050: Anthea Sinclair, Edinburgh Crossword 16,332: Thomas...
...dan.thomas@ft.com...
...“The UK should avoid a recession . . . unless there’s a no deal Brexit,” said Thomas Pugh, at the consultancy Capital Economics....
...In recent weeks, as many as 400 stores have been flagged for closure as banks such as RBS and Lloyds, as well as Thomas Cook and Toys R Us, have revealed plans to trim real estate portfolios as more customers...
...Thomas Singlehurst, analyst at Citi, said the Publicis results were a “little light” but “we don’t think the underlying investment case is fundamentally altered”....
...“Given the levels of uncertainty, [Mr Hammond] might be wise to respond cautiously for now,” said Thomas Pope, one of the authors of the IFS report....
...The distinction between the two was first made in the 1980s by Thomas Malone, a management professor at the Massachusetts Institute of Technology....
...Ian Whittaker, analyst at Liberum, said the results were largely as expected but that the outlook statement from ITV’s executives was reassuringly confident....
...Ian Whittaker, an analyst at Liberum, said that operational performance remained “mixed”, but that DMGT may be “taking a closer look at some of its assets”, including its 68 per cent stake in business information...
...Ian Whittaker, an analyst at Liberum, said that RTL’s lower than expected spend on acquisitions would raise hopes of an increase in dividends....
...Citi analyst Thomas Singlehurst said that “although the outlook is not great, it doesn’t look incrementally worse than perhaps bears might have feared”....
...Liberum analyst Ian Whittaker said that average revenue per user — Arpu — was “flatlining despite price rises and increasing number of products taken”....
...“A good price undoubtedly,” said Ian Whittaker, an analyst at Liberum, who has been consistently bearish about Pearson....
...If Sky passed the whole increase in rights costs on to consumers, rather than make cuts, bills would increase by more than 10 per cent, said Ian Whittaker, an analyst at Liberum....
...The acquisition “makes ITV into a truly global force in content”, said Liberum analyst Ian Whittaker....
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