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Vodafone's surprise buyback

Vodafone's surprise buybackBy Dominic White, Communications Editor10:51pm BST 23/07/2008Vodafone surprised the City for the second time in a week, launching a £1bn share buyback just a day after its stock crashed on a revenue warning.The mobile phone giant said it had "considered the market reaction" to Tuesday's trading update and would start the share repurchase programme immediately.Vodafone...

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Parents targeted over children's music piracy

By Dominic White, Communications Editor Last Updated: 2:39AM BST 24 Jul 2008Britain's six largest internet service providers (ISPs) have agreed to send warning letters to hundreds of thousands of customers whose accounts are being used to download or share pirated songs.Many will be received by the unsuspecting parents of a generation of children who have come to see music as a free commodity,...

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Vodafone announces buyback plan a day after share price tumble

Vodafone announces buyback plan a day after share price tumbleBy Dominic White7:46am BSTMobile phone giant Vodafone has announced plans to buy £1bn of its own shares a day after a warning on slowing sales sent its share price tumbling.The company said it has reflected on the 14pc plunge its stock suffered yesterday and now believes that "the share price significantly undervalues Vodafone."...

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Multinationals still suspicious of Treasury

Multinationals still suspicious of TreasuryBy Edmund Conway, and Dominic White11:43pm BSTBusiness leaders have given a lukewarm welcome to a Government promise to scrap plans for a special new tax on multinational companies.The Treasury admitted that plans to impose new rules on companies with overseas divisions would result in a major tax increase for businesses which specialise in intellectual...

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Harbinger halts Inmarsat talks

Harbinger halts Inmarsat talksBy Dominic White8:25pm BSTInmarsat shares tumbled 9pc after US hedge fund Harbinger said it was suspending talks for now because of the lengthy regulatory process involved.Harbinger said it remains interested in buying the satellite communications company but Inmarsat shares fell 46 to 466.5p, valuing the business at £2.1bn.The hedge fund, which already owns...

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New baby boom gives birth to growing demand

New baby boom gives birth to growing demand By Dominic White11:01pm BSTAs more babies are born in the UK, sales of child products and services are rising Recession could be looming but humankind keeps going forth and multiplying. In fact, women in the UK are having more babies than at any time since the 1970s, according to the latest official statistics. Women in the UK are having more...

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EU bid to open up music licensing

EU bid to open up music licensingBy Dominic White10:51pm BSTSongwriters from the Rolling Stones to the Arctic Monkeys will be able to pick any of two dozen societies to collect their royalties in the European Union after the bloc's executive clamped down on "anti-competitive practices".The European Commission has given 24 European societies, which collect music copyright fees for artists,...