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Virgin Media announces GBP 3 billion fibre rollout plan
2015-02-13 09:23:00| Telecompaper Headlines
(Telecompaper) UK cable operator Virgin Media has announced that it will invest an additional GBP 3 billion with the support of its parent company Liberty Global, in "Project Lighting", which will bring 152 Mbps download speeds to another 4 million homes and businesses over the next five years. This will increase the number of homes and businesses to which Virgin Media can offer services by almost a third to nearly 17 million premises by 2020. The investment will be financed mainly through incremental borrowings. This network expansion programme is expected to create 6,000 new jobs in the UK at Virgin Media and across its construction partners. It also will increase the number of apprenticeships created by Virgin Media to 1,000 over the next five years. Network expansion will be prioritised according to demand from households and companies, with a focus on areas closest to Virgin Media's existing network. Virgin Media calls on consumers and businesses to register their interest at virginmedia.com/cablemystreet.
Tags: media
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virgin
billion
Insight - GM faces investor demand for slice of $25 billion cash hoard
2015-02-13 02:02:17| Automakers - Topix.net
An investor group demand that General Motors Co give back more of its $25 billion cash hoard confronts Chief Executive Mary Barra with a challenge to her plans for building the company and rewarding shareholders. Barra and GM's chief financial officer Chuck Stevens have signalled they will recommend returning more of the cash once the Detroit automaker knows how much it will have to spend to resolve legal issues related to the company's recalls of millions of cars equipped with defective ignition switches.
Tags: cash
demand
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Jarden grows past $8 billion in net sales in Q4
2015-02-12 20:25:13| Appliances - Topix.net
Jarden Corp. The Boca Raton-based company reported a 12.7 percent increase in net sales in 2014, to $8.29 billion from $7.36 billion the year before.
Jarden grows past $8 billion in net sales in Q4
2015-02-12 20:12:42| Industrial Machines - Topix.net
Jarden Corp. has a portfolio of more than 120 brands, including Yankee Candle, Mr. Coffee and Crock-Pot. The firm has more than 30,000 employees worldwide.
Sonoco 4Q 2014 results: net sales up 8% from year ago to $1.32 billion
2015-02-12 18:45:49| Paper - Topix.net
Sonoco , one of the largest diversified global packaging companies, today reported record base financial results for its fourth quarter and full-year 2014. Fourth Quarter Highlights Fourth quarter 2014 GAAP earnings per diluted share were $.53, compared with $.53 in 2013.
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