Virgin Media
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26 мая, 17:56

Virgin Media falls foul of watchdog over £240 exit fees

Ofcom says it ‘has reasonable grounds to believe’ the cable company has broken its rulesVirgin Media may have breached consumer protection rules by charging customers up to £240 for ending their contract early, according to an investigation by the telecoms regulator Ofcom. In a preliminary ruling this week, Ofcom says it has “reasonable grounds to believe” that Virgin has contravened its general conditions which state companies cannot charge excessive fees that disincentivise customers from switching supplier.The company may also have fallen foul of Ofcom rules by failing to publish clear information on fees, and by requiring customers who move home to sign a new fixed-term contract or face an early termination charge. Continue reading...

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09 мая, 12:46

Vodafone strikes €18bn deal for Liberty Global's cable and broadband assets

Tie-up with Virgin Media owner will transform mobile phone operator into a cable and broadband TV giant in EuropeVodafone has struck an €18.4bn (£16bn) deal to buy Liberty Global’s cable TV and broadband businesses in Germany and eastern Europe.The deal for the Virgin Media owner, which has been the subject of on-off talks for several years, will transform Vodafone from a mobile phone operator into a cable and broadband TV giant across the continent. Continue reading...

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03 мая, 21:39

More than 1,500 jobs at risk at Virgin Media and retail group Calvetron

Virgin is closing a call centre in Swansea and Calvetron is to appoint administrators shortlyMore than 1,500 jobs are at risk after Virgin Media announced plans to shut a Swansea call centre, and as the company behind the fashion brands Jacques Vert and Windsmoor teeters on the edge of collapse. More than 1,000 jobs are on the line at Calvetron. Administrators are expected to be formally appointed at the parent group, Calvetron Style Holdings, on Friday for what will be the second time in a year. Continue reading...

25 апреля, 15:11

IMG and Leeds United owner's agency raided in EU sport cartel inquiry

Simultaneous raids across Europe focus on alleged breach of anti-trust rules in sports rights salesThe London offices of international sports giant IMG and the agency co-founded by the new owner of Leeds United football club have been raided by officials from the European commission investigating potential sports rights cartels, the Guardian has learned.European investigators entered the offices of IMG and MP & Silva on 10 April as part of a series of raids timed simultaneously including at the 21st Century Fox subsidiary Fox Networks Group, which is based in Hammersmith, west London, and Ziggo Sport, the Dutch subsidiary owned by Vodafone and Virgin Media parent Liberty Global. Continue reading...

23 марта, 17:45

Retail Whiplashed By 2nd Largest ETF Outflow On Record; Longest HY Outflows Since 2007

It's time for JPMorgan to start worrying again that retail investors are no longer buying the fucking dip (as it did three weeks ago). Just one week after Bank of America was "stunned" by record inflows into equities, this week everything went in reverse, following the latest Facebook-inspired sharp drop in stocks which brought the market back to the verge of a correction. The result was a "huge" $19.9 billion equity outflows, with the $18.6 billion in ETF outflows the second highest ever according to BofA. The redemption follows record inflows of $43.3BN last week, and huge $151.7BN in YTD. Predictably, the US was the focus of outflows, with $24.9BN in redemptions from US-based funds, the 2nd largest ever. And while more modest outflows continued from Europe ($1.5bn), investors continued to allocated capital to Japan, which has had inflows for 16 straight weeks, as well as EM, which saw another $2.0bn in inflows. Broken down by style, the target of outflows was US large cap, which suffered $18.3bn in outflows, and US value ($7.2bn outflows), as well as US growth ($3.4bn), US small cap ($2.2bn), as hit with near record outflows just one week after record inflows. Meanwhile, on a sector basis, tech once again saw inflows despite the crash in Facebook, although at only $0.5bn this may be on the verge of a historic inversion. Inflows were also observed in utilities ($0.4bn), consumer ($0.3bn), real estate  ($0.2bn), and materials ($0.001bn), while healthcare ($0.2bn), energy ($0.3bn), and financials ($0.9bn) were hit by outflows. And while investors fled equities, they rushed into "risk off" safe havens, with $1.5bn inflows to gold, $1.8bn into bonds. Of note, with equity investors suddenly getting cold feet, gold is reemerging as one of the favorite asset classes. It wasn't all flight to safe havens, though, because according to the fund flow data, it's time to worry about credit and especially high yield, because as BofA's Michael Hartnett writes, "credit is cracking” after the 10th straight week of HY bond fund outflows - the longest streak since 2007 - as another $1.6BN was pulled; alongside slowing $1.4bn inflows to IG bonds (worst start for US IG returns since 1994), all amid investor concerns of excess leverage highest since 2010. Even junk ETFs - the preferred investment instrument by retail - have barely seen any positive weeks this year, Commenting on the rising tide of junk bond outflows, Bloomberg warns that the positive momentum in Europe’s high-yield primary market this month may be short lived, as two weeks after the window for issuance opened, and 7.1 billion euros ($8.7 billion) of new issues later, persistent fund outflows seem set to slow sales as a looming trade war weighs on the market. Investor outflows are “probably the biggest concern” in the European high-yield market, Armin Peter, global head of  DCM syndicate at UBS Ltd, said at a briefing event on Wednesday. To this, BofA adds that European junk bond funds have suffered 19 straight weeks of investor redemptions, while February was the biggest month of outflows for high-yield funds since June 2013, the note said. A JPMorgan note on March 16 said cumulative outflows for junk is now at €3.4 billion so far this year. This is starting to hit the primary market: this week TUI AG will not be pricing a planned bond issue, saying timing was subject to market conditions, while an entity within the Virgin Media Group sold receivables notes at the wide end of price talk. The weak appetite for the Virgin Media notes was likely indicative of the effect of outflows, because most investors who like the bonds are “pretty full,” said Azhar Hussain, head of global high yield at Royal London Asset Management. Yields in the market are “too low for the risk” involved, according to Ville Talasmaki, head of credit investments at Sampo Oyj. “To me, a high yield bond is a low yield bond with high risk.” Talasmaki said he has been reducing his exposure by not re-investing when bonds mature and by selling some notes, he said - though in some cases he has bought “very selectively” in primary. And just to demonstrate his thesis that "credit is cracking", BofA's Michael Hartnett shows the following chart which shows the sharp slowdown in relative flows for HY vs IG.

19 марта, 15:20

Frontrunning: March 19

EU, U.K. Reach Brexit Transition Deal (BBG) ECB debate shifting to interest rate path from QE (Reuters) Trump’s Attacks on Mueller Prompt Senator Warnings (WSJ) EU lawmakers to investigate alleged misuse of Facebook users' data (Reuters) Congress Braces for Battle Over Massive Spending Bill (WSJ) Zuckerberg Under Pressure Over Breach, Facebook Shares Fall (BBG) Facebook Ignites Debate Over Third-Party Access to User Data (WSJ) Weakening FANG Stocks Stir Overnight Volatility in U.S. Futures (BBG) Hedge Funds Suffer Worst Month in Two Years (BBG) Powell's Fed to show policy caution, shun political friction (Reuters) For Companies in Puerto Rico, Return to Business as Usual is Painfully Slow (WSJ) Trump Calls for Death Penalty for Drug Traffickers to Combat Opioids (BBG) Higher Deposit Rates May Finally Be Coming to Your Bank Account (WSJ) Russian Observers Charge Fraud in Putin’s Landslide Re-Election (BBG) 'Where can I buy?' - Google makes push to turn product searches into cash (Google) Supermarket Casualties Begin to Pile Up in Amazon-Fueled Battle (BBG) Grubhub Expands Pact With Yelp, Aiming for Cheaper Deliveries (WSJ) Wynn Attorney Claims Woman Advanced Extortionist Demands (WSJ) Overnight Media Digest WSJ - U.S. President Donald Trump and his legal team over the weekend intensified attacks on the special counsel's probe into possible Russian election interference, departing from a previously more cooperative posture and prompting more urgent warnings from senators not to undermine the investigation. - Facebook Inc ignited a firestorm over how it manages third-party access to its users' information, after the social network said a firm with ties to the 2016 Trump campaign improperly kept data for years despite saying it had destroyed those records. - Russian President Vladimir Putin won re-election by a wide margin Sunday, according to preliminary results, strengthening his hand amid an escalating confrontation with the West. - Cleared to stay in power indefinitely, Chinese President Xi Jinping has discarded the leadership structure he inherited and is kicking off his second term with a handpicked team of trusted lieutenants. - A North Korean official will hold unofficial talks in Finland with a delegation from the U.S. and former South Korean government officials, Seoul's foreign ministry said, amid a flurry of recent diplomatic activity before an expected U.S.-North Korean summit by the end of May. - CACI International Inc has made a roughly $7.2 billion bid to buy CSRA Inc in an attempt to break up the information-technology provider's sale to General Dynamics Corp.   FT The head of TalkTalk’s ultrafast broadband division, Richard Sinclair, is leaving the company to join Virgin Media in the coming months as executive director of connectivity. The UK will get one of Europe’s largest 3D printing factories through a 27 million euros ($33.12 million) investment by Siemens in a technology billed as key for the future of British manufacturing. British engineering company Weir Group Plc will revive the push to reform executive pay in Britain with a plan to drop a controversial kind of reward scheme linked to excessive boardroom remuneration.   NYT - As soon as the first robot arrived at a FedEx Corp shipping hub in the heart of North Carolina tobacco country early last year, talk of pink slips was in the air. - China plans to name a new leader for its central bank chief on Monday in a move signaling that Beijing will continue an ambitious — and, some say, much needed — financial shake-up to get the country's debt under control and keep its economy growing. - Ola is expanding overseas for the first time, to Australia, in a major test of whether India's new breed of technology start-ups can survive in a developed country. - Faced with questions about its commitment to safety, the Interior Department sent teams to the Gulf of Mexico last week to inspect giant cranes used in offshore oil and gas operations that are a significant source of accidents.   Canada THE GLOBE AND MAIL ** Canada's Environment Minister Catherine McKenna, faced with the threat of a growing number of Canadian provinces balking at her government's climate action plan, is pleading for a truce in the pipeline dispute between the B.C. and Alberta governments. ( ** Ottawa is set to announce funding on Monday for a network of test beds for 5G wireless technology in Ontario and Quebec. ( ** Three former directors of Canada's key national security agencies are urging the federal government to heed the warnings of U.S. intelligence services and cut Canadian ties with Huawei Technologies Co Ltd, the Chinese smartphone and telecom equipment maker. ( NATIONAL POST ** Canadian Prime Minister Justin Trudeau's office is again sharing few details about his vacation this week, though questions about how the prime minister spends his private time have caused problems for the Liberal government in the recent past. (   Britain The Times Klepierre made a 5 billion pound ($6.97 billion) takeover approach for Hammerson Plc, in a move that threatens to derail the British property company's proposed merger with Intu Properties Plc, but Hammerson rebuffed the bid almost immediately, arguing that it undervalued a group. Dana Inc, the U.S. automotive group in talks to buy GKN's driveline division, is to seek a secondary listing in London as it bumps up its efforts to win over shareholders in the engineering group. The Guardian Britain's biggest business lobby group Confederation of British Industry (CBI) is seeking to prevent the loss of as much as 1 billion euros in annual European funding for scientific research and technological development, which has been thrown into doubt by Brexit. According to a briefing paper seen by the Guardian, the CBI is calling for the government to state its intention to renew its membership of the EU framework programme for research and development after Brexit. Ministers have been urged to bring forward their 2040 ban on new diesel and petrol car sales by a decade, a move which an environmental think tank said would almost halve oil imports and largely close the gap in the UK's climate targets. The Green Alliance said a more ambitious deadline of 2030 is also needed to avoid the UK squandering its leadership on electric cars. The Telegraph Rolls-Royce is joining the race to build the next generation of energy storage "batteries" using the same material originally designed for hard-wearing contact lenses. Rolls-Royce said it will work with Superdielectrics, a research company, to use the material to challenge the dominance of traditional batteries. The Government has been urged to use Brexit to slash red tape for small banks to boost competition and follow the deregulatory path set by the United States. Paul Lynam, the influential boss of challenger bank Secure Trust Bank said leaving the EU would enable Britain to level the field for smaller lenders and help break the dominance of the big five – Barclays, Lloyds, RBS, HSBC and Santander. Sky News Around 90 million pounds seized from dormant British bank accounts will be used to tackle racial inequality among jobseekers. The fund will be announced by Prime Minister Theresa May on Monday as part of a drive to help young people from disadvantaged backgrounds into work.

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18 марта, 19:24

Head of TalkTalk ultrafast broadband joins Virgin Media

Richard Sinclair’s move comes as the company prepares to enter market for full fibre

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12 марта, 08:00

Virgin Media takes on Openreach in rural areas for first time

Company starts ‘test case’ in Dun Valley after 1,000 residents commit to sign up

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01 марта, 20:13

Европейские абоненты Sky получат доступ к контенту Netflix

Sky заключила соглашение с Netflix, которое позволит европейским абонентам британского оператора получить доступ к контенту американского стримингового сервиса, как части их ТВ-подписки. Конкуренты Sky — BT, Virgin Media and TalkTalk — уже давно достигли аналогичных соглашений с Netflix. Британский же оператор опасался, что его клиенты переключатся на подписку Netflix вместо более дорогих пакетов каналов Sky. Месячная абонентская плата Netflix составляет всего £5,99, что гораздо меньше, чем самый дешевый пакет Sky.Традиционные медиакомпании в последнее время стремятся расширить предлагаемый ими ассортимент, чтобы не проиграть конкуренцию набирающим популярность стриминговым сервисам. Поэтому в последнее время телевизионные компании все чаще стали заключать сделки с теми, кого раньше они считали своими конкурентами. Так, например, в декабре Sky заключила партнерское соглашение с BT.

26 февраля, 07:00

Extra: Richard Branson Full Interview

Stephen Dubner's conversation with the Virgin Group founder, recorded for the Freakonomics Radio series “The Secret Life of a C.E.O.” The post Extra: Richard Branson Full Interview appeared first on Freakonomics.

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08 февраля, 16:45

Virgin Media signs deal to make sci-fi series with Amazon

The Feed, a 10-part series set in London by writer of The Walking Dead, will cost about $40mVirgin Media has struck its first deal with a US streaming service, partnering with Amazon to co-fund a $40m-plus (£29m) sci-fi series from a writer of the hit show The Walking Dead.The 10-part series, called The Feed, is set in London in the near future, although filming is expected to take place in Manchester. It is based on a book by the first time author Nick Clark Windo. Continue reading...

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15 января, 10:00

Virgin Media users who move to no-service areas hit with exit fees

The broadband service is only available to 50% of the country – yet there’s a penalty of up to £240 to end a contract earlyWhen Rick Llewellyn moved house, he duly notified his cable and broadband provider Virgin Media of his new address. To his astonishment, he was told that Virgin could not supply his new area and that he would therefore have to pay £150.83 to terminate his contract early. He was also required to return his Virgin equipment at his own expense, or face a further fee of £160.“We have been with Virgin Media and its predecessor, NTL, for 20 years and wanted to continue receiving broadband and cable service from them, and to keep our Virgin email address,” he says. Continue reading...

20 ноября 2017, 21:02

Liberty Global forms joint venture with UK telecoms investor

Virgin Media owner partners with MXC Capital to acquire small companies

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21 октября 2017, 09:01

Half of all UK broadband users get a bad deal, says Which?

Consumer group finds that 53% of households are left unhappy by slow speeds, rising prices or router failuresHalf of all broadband users in the UK are getting a raw deal from their supplier, with slow speeds, rising prices and router failures exasperating customers, according to a damning assessment of Britain’s internet services.Consumer group Which? found that 53% of households have had difficulties with their broadband, with customers of Virgin Media, TalkTalk, Sky and BT the most likely to experience an issue. Continue reading...

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10 августа 2017, 09:01

Virgin refuses to refund credit on dead friend’s mobile phone

There was almost £300 pounds in the pay as you go account but phone company will not give it backI am helping an elderly friend sort out his affairs following his wife’s death. I phoned Virgin Mobile for his wife’s pay-as-you-go account to be put into his name. We discovered there was £271.75 credit on the account, which I asked to be refunded since my friend is unlikely to use this. We think his wife topped up her account in error during her illness. Continue reading...

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04 июля 2017, 01:29

Британского студента обвиняют в содействии кибератакам на сайты мировых компаний

Полиция Великобритании предъявила обвинения 18-летнему студенту в содействии хакерам в кибератаках на сайты мировых компаний. Об этом сообщается на сайте полиции графства Уэст-Мидлендс. По данным правоохранителей, житель города Стокпорт Джек Чэппелл предоставлял вредоносные программы, которые использовались для атак на миллионы веб-сайтов по всему миру. Возможно, студент участвовал в кибератаках на сайты организаций T-Mobile, Vodafone, O2, BBC, Amazon, Netflix, Virgin Media, а также Национального криминального агентства Великобритании. Сообщается, что расследование по данному делу проводили региональное подразделение полиции Уэст-Мидлендс по борьбе с киберпреступностью, полиция Израиля, Центр по борьбе с киберпреступностью при полицейской службе Европейского союза и ФБР. Перед судом Чэппелл предстанет 4 июля.

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03 июля 2017, 19:33

Правообладатели требуют от Google блокировать уведомления о блокировке сайтов

Копирайтные организации начали вносить в бан-лист ссылки провайдеров, в которых уведомляется о блокировках пиратского контентаЕжедневно интернет-боты просматривают Сеть в поисках содержащего нарушения контента и отправляют миллионы сообщений о необходимости его удаления. Иногда это приводит к ошибкам, например, в случае, когда правообладатели попытались заблокировать уведомления одного британского провайдера.Следуя ряду решений Высокого суда, британские интернет-провайдеры обязаны блокировать доступ к тысячам пиратских доменных имён. Если потенциальные «пираты» попытаются получить доступ к таким сайтам, то вместо этого они просто будут уведомлены о блокировке. К примеру, провайдер Virgin Media пишет своим пользователям следующее: «Virgin Media получил распоряжение Высокого суда, требующее от нас запретить доступ к этому сайту».Хотя смысл подобных сообщений абсолютно ясен широкому кругу пользователей, похоже, среди правообладателей они вызывают путаницу. Или, что более вероятно, эти ссылки за «пиратские» принимают инструменты автоматизированного поиска и удаления (т.е. ботов), которыми пользуются копирайтные организации. Например, недавно аналитики интернет-издания TorrentFreak обнаружили необычный запрос антипиратской группы RipBlock, отправленный на имя Amorphous Music. Данное уведомление касается нескольких ссылок, а также страницы блокировки Virgin Media:Естественно, уведомление о блокировке Virgin Media не содержит каких-либо материалов, нарушающих авторское право. Компания RipBlock совершенно очевидно не очень внимательно проверяет свои заявки, поскольку одни и те же URL-адреса приводятся в десятках уведомлений DMCA, как, например, высланные в адрес провайдера Sky:Интересен тот факт, что подобная ошибка присуща не только RipBlock. Другая британская компания Leak Delete потребовала от Google удалить страницу блокировки провайдера BT из результатов поиска.На странице «» уже выложен список заблокированных сайтов и контента, нарушающего авторские права, однако Leak Delete неоднократно пересылал его, согласно данным доклада о прозрачности Google:В подобных ситуациях можно воочию наблюдать, как ошибочные претензии на удаление [контента] могут с лёгкостью привести к чрезмерной блокировке. Утешает тот факт, что, несмотря на получение миллионов запросов в день, Google всё-таки ещё может выявлять большинство подобных недостатков. Однако поисковый гигант не в состоянии выявить всё и сразу, в результате чего уведомление о блокировке от BT больше не указано в поисковой системе..

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23 июня 2017, 18:50

How safe is your internet router?

Virgin Media is warning its customers to change the password on their internet routers. A Which? investigation found its Super Hub 2 router is vulnerable to hackers.

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23 июня 2017, 09:53

Virgin Media tells 800,000 users to change passwords over hub hacking risk

Which? investigation reveals hackers could access home networks and devices using a Super Hub 2 routerVirgin Media is advising more than 800,000 customers with a specific router to change their password immediately after an investigation found hackers could gain access to it.Virgin Media said the risk to customers with a Super Hub 2 router was small, but advised them to change both their network and router passwords if they were still set as the default shown on the attached sticker. Continue reading...