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....Although Dong will not confirm so publicly, it may be among the offshore wind developers bidding for part of a £290m-a-year pot of government subsidies – known as contracts for difference – which are paid for through household energy bills. The auction results are due in early September. ... [Read full article on Guardian ]
Sunday 13th of August 2017 04:39:07 PM
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....The threat of greater regulatory scrutiny and a dip in Sky’s share price weighed on Rupert Murdoch’s ambitions to take full control of the satellite broadcaster last week. But investors are looking ahead to whether the upcoming Premier League TV rights auction might result in Fox having to sweeten its £11. ... [Read full article on Guardian ]
Sunday 13th of August 2017 05:59:06 AM
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Latest Finance News related to Auction

Rise of electric car solves little if driven by fossil fuels, warns windfarm boss image
....Although Dong will not confirm so publicly, it may be among the offshore wind developers bidding for part of a £290m-a-year pot of government subsidies – known as contracts for difference – which are paid for through household energy bills. The auction results are due in early September. ...
Fox’s chances of securing Sky depend on the football result image
Source : Guardian [Read Article] Sunday 13th of August 2017 05:59:06 AM
....The threat of greater regulatory scrutiny and a dip in Sky’s share price weighed on Rupert Murdoch’s ambitions to take full control of the satellite broadcaster last week. But investors are looking ahead to whether the upcoming Premier League TV rights auction might result in Fox having to sweeten its £11. ...
Sky faces paying extra £1.8bn for Premier League broadcast rights image
Source : Guardian [Read Article] Friday 11th of August 2017 04:10:07 PM
. Sky could be forced to pay an extra £600m annually to retain the lion’s share of Premier League matches when the next rights auction launches this year, with Amazon emerging as a potential competitor for the biggest prize in UK sport broadcasting. ...
Sky set to retain live Football League rights in £180m-a-year deal image
Source : Guardian [Read Article] Tuesday 8th of August 2017 09:38:39 PM
....It is understood that the Football League, which decided not to take up an automatic one-year extension with Sky, although the broadcaster still has two years left on its current deal, had been expected to make a decision last Friday. However, it is understood that bids from BT and Sky extended the auction timeline, vindicating the Football League’s decision to take its rights to the market early. ...
John Malone, the ‘swamp alligator’ chewing up the UK’s media market image
....Malone’s power can be seen in the way he at times uses his businesses to work in concert to push a deal through, as he did when Discovery and Liberty Global paid £500m for All3Media, the maker of Skins, Midsomer Murders and The Only Way is Essex. Malone could look to marshal his forces to provide a rival to Sky and BT in the £5bn-plus auction of Premier League rights due to kick off at the end of the year. ...
BT profits dive by 40% after £225m payout over Italian scandal image
Source : Guardian [Read Article] Friday 28th of July 2017 06:49:04 AM
....”. Upcoming sports rights auctions include the Football League, which is expected to be a high-stakes bidding war with Sky, and ATP World Tour Tennis. ...
Virtual reality hit when I tried to cash in my bitcoins image
Source : Guardian [Read Article] Wednesday 26th of July 2017 06:00:33 AM
....When my girlfriend became pregnant I decided to sell my bitcoins to decorate a nursery. I auctioned them via localbitcoins. ...
O2 renews sponsorship of Academy music venues in £70m deal image
Source : Guardian [Read Article] Sunday 23rd of July 2017 11:01:20 PM
....O2 will also give the venues a digital upgrade three years on from introducing free wifi across the 19 venues. The company, which is owned by Spanish telecoms company Telefonica, is expected to be an aggressive bidder in broadcasting regulator Ofcom’s upcoming multi-billion pound auction for mobile spectrum that will enable 5G services in the next decade. ...
We can only address pay imbalances if we can see them | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:43:44 PM
.... Then there was the acquisition of four development sites for small-scale gas turbine plants that would cost £80m-£100m a pop to build. Going ahead will depend on winning capacity auctions. ...
Christie’s reports soaring sales of £10m-plus art image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:27:36 AM
. Demand among wealthy art lovers for high-value lots, including work by Constantin Brancusi and Max Beckmann, and record spending from Asian buyers boosted Christie’s auction house in the first half of the year. ...
Worldpay shareholders should decline its meek merger deal | Nils Pratley image
....To compound shareholders’ disappointment, the other possible bidder – JP Morgan – immediately dropped out of the race. So Rake hasn’t even generated an auction, which is usually deemed the chairman’s first duty in these situations. ...
Norfolk emerges as dating fraud hotspot in regional scam standings image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:01:53 PM
....5. Residents of Northamptonshire were most likely to report online shopping and auction scams, reporting that a product sold online did not exist, arrive or match its description. ...
Bosses are right: political uncertainty will damage the economy | Nils Pratley image
.... Costs of generation are falling to a point that makes Hinkley’s inflation-linked subsidies look even more of a swindle at the expensive of UK bill-payers. In the next round of auctions for government subsidies, energy experts predict offshore wind will be demonstrably cheaper than nuclear. ...
Could growth hacking be the low-cost key to business success? image
Source : Guardian [Read Article] Thursday 8th of June 2017 06:00:19 AM
....”. Dutch online auction house Catawiki, was named top of Deloitte’s list of EMEA’s fastest growing companies in 2015. ...
Diamond ring bought for £10 at car boot sale goes for £657,000 image
Source : Guardian [Read Article] Wednesday 7th of June 2017 09:21:32 PM
. A diamond ring that was purchased at a car boot sale for £10 has been sold for £656,750 at auction. ...
What am I bid? Prices go through the roof at Christie's handbag auction image
. It was standing room only in Christie’s Hong Kong auction house this week as buyers from around the world clamoured to bid for a white crocodile skin Hermès Birkin handbag encrusted with 10. ...
Three Mile Island faces shutdown without financial rescue from Pennsylvania image
....The owner of Three Mile Island, Exelon, said operating costs for just one unit at the plant were high, further damaging Three Mile Island’s financial viability in a time of competition from natural gas and renewable energies. The Chicago-based company’s announcement comes after what it called more than five years of losses and a recent failure in a capacity auction to sell Three Mile Island power into the regional grid. ...
PayPal refused to listen when eBay buyer returned item in pieces image
Source : Guardian [Read Article] Sunday 28th of May 2017 06:00:02 AM
. Early in December 2016 we sold a rotovator on eBay which we had purchased from a local auction. ...
'Car boot-sale' diamond set to fetch £350,000 at auction image
Source : BBC [Read Article] Monday 22nd of May 2017 01:20:10 AM
. A diamond ring bought for £10 at a car-boot sale 30 years ago is expected to fetch £350,000 at auction. ...
Ebay accused of failing its sellers as fraudulent buyers manipulate the system image
....The tale will be familiar to many eBay sellers who have experienced difficulties with problem buyers. It was only after The Observer intervened that the auction site examined the history of Rose’s buyer – what the company found was a pattern of suspect behaviour. ...
Picture perfect: how to make an art of your investments image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
....It has never been easier to buy art. Over the past two decades a host of online sites selling contemporary art have sprung up – from small, online-only galleries to big auction houses such as Sotheby’s and Christie’s. ...
What $110m for a Basquiat painting tells us about the art market image
Source : Guardian [Read Article] Friday 19th of May 2017 11:24:38 AM
....A painting by Jean-Michel Basquiat has sold for a record $110. 5m (£85m) at an auction in New York, in the latest display of the art market’s attraction to super-rich speculators and art lovers. ...
Basquiat painting breaks records at $110.5m in New York image
Source : BBC [Read Article] Friday 19th of May 2017 03:42:48 AM
. A painting by the late artist Jean-Michel Basquiat has sold at auction in New York for $110. ...
Mersey feat: world's biggest wind turbines go online near Liverpool image
Source : Guardian [Read Article] Wednesday 17th of May 2017 05:30:46 AM
....But ministers have made it clear that the industry must keep cutting costs if the technology, the only large renewable energy source backed by the Conservatives, is to continue earning taxpayer support. While a recent study showed the cost of offshore wind has fallen a third since 2012, a key litmus test will be the results of a government auction this summer for £290m of renewable energy subsidies. ...
Affordable art image
Source : BBC [Read Article] Tuesday 16th of May 2017 11:00:59 PM
.... . "It's just a crazy time at the moment," says Alex Rotter, chairman of post-war and contemporary art at auction house Christie's, apologising for his late call. ...
Cloned cars sold in Greater Manchester eBay scam image
Source : BBC [Read Article] Monday 8th of May 2017 07:35:57 AM
....Another victim, Gordon Alexander, from Forfar in Angus, bought a cloned BMW for £18,300 in January. Mr Alexander, a garage owner, won the auction and collected it from an address in Rochdale. ...
Royal Mint admits faulty £1 coins are in circulation image
Source : BBC [Read Article] Wednesday 3rd of May 2017 12:04:54 PM
....5 billion new 12-sided £1 coins, introduced to help crack down on counterfeiting. Out of shape versions of the coin, considered collectors' items, are appearing on internet auction sites. ...
4G mobile: UK urban areas with best and worst coverage revealed image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 06:33:27 AM
....The proportion of premises that can now receive a 4G mobile signal indoors from all four main networks has risen from 28% to 72% between 2015 and 2016, it added. While issues continue to dog the spread of 4G, Ofcom is already preparing for an auction of airwaves for the potential rollout of next-generation 5G services. ...
AA boss shortlisted for economics prize for ‘road miles’ allowance plan image
....The submission, authored jointly with his wife, the business analyst Deirdre King, envisages a future where drivers receive an annual allowance of “road miles”. As well as trading them, drivers could pay for the right to travel further by entering auctions or lotteries, which would raise more income to maintain the network. ...
Canals offer alternative to London property ladder image
Source : Guardian [Read Article] Monday 24th of April 2017 08:56:18 AM
....”. Fears about the future of the canal boat lifestyle are growing, with many moorings now sold at auction to the highest bidders. ...
'Vijay Mallya can't avoid the law': Herts villagers on 'fugitive' billionaire neighbour image
....His security guard refused to answer any more questions as he stood at the gates to the estate, which are flanked by black posts embossed in gold with Mallya’s VJM initials. A Silver Maybach also bears the VJM initials on its number plate, and his private Airbus A319 jet had the initials painted in gold on the engines and wingtips until it was put up for auction to pay his creditors. ...
Gandhi stamps sell for £500,000 image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:56:41 PM
....The block of four was sold to a private collector-investor in Australia for the highest ever price for Indian stamps, said dealer Stanley Gibbons. However, the record price for a stamp sold an auction was $9. ...
Force India F1 team boss Vijay Mallya arrested in London image
Source : Guardian [Read Article] Tuesday 18th of April 2017 12:31:31 PM
....More than 4,000 Kingfisher Airlines employees went without pay for seven months before they revolted and grounded the carrier in October 2012. The Kingfisher Villa was sold off by Mallya’s creditors for nearly £9m this year and the Airbus private jet, which boasts gold ashtrays and a golden sink, has been put up for auction. ...
REVEALED: Most common financial scams to avoid image
Source : Daily Express [Read Article] Tuesday 18th of April 2017 12:01:00 AM
....This scam accounted for 2,073 of cases seen by NatWest, or around three in 10 scams. NatWest warns that these scams usually happen on online auctions and marketplaces. ...
Walking dead image
Source : BBC [Read Article] Sunday 16th of April 2017 08:34:11 AM
.... But Toshiba President Satoshi Tsunakawa has no other choice but to sell off some prized parts if he wants to keep the company afloat and alive. Toshiba is in the process of auctioning off its semiconductor unit, which makes memory chips for smartphones, computers and other electronic devices. ...
Multi-skilled image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:33:04 PM
....Just look at George Osborne: MP for Tatton, adviser at BlackRock Investment Institute, and soon-to-be editor of the London Evening Standard. Rupert Toovey founded Toovey's auctioneers in 1995. ...
The experts’ guide to making your garden bloom on a budget image
Source : Guardian [Read Article] Saturday 8th of April 2017 06:00:31 AM
.... Bulldog and De Wit make good wooden-handled tools, and although I have various forks and spades I usually find myself using my DeWit border fork, which is a cross between the two. If you can’t afford to buy new, check out junk shops and auctions where gardening tools often go cheaply. ...
Bed and breakfast? image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:20:27 PM
....But it's not easy. Online auction site eBay is one of the world's best-known firms, boasting 167 million active buyers and reporting just shy of $9bn (£7bn) in revenues last year. ...
Pink Star diamond sets new world record in Hong Kong image
Source : BBC [Read Article] Tuesday 4th of April 2017 12:28:09 PM
. A rare diamond known as the Pink Star has been sold in Hong Kong for more than $71m (£57m), setting a new world record for any gemstone at auction. ...
Wine detective image
Source : BBC [Read Article] Wednesday 29th of March 2017 11:00:24 PM
....With some of Mr Kurniawan's bottles said to still be floating about on the global fine wine market, as well as those made by other fraudsters, Mr Moulin aims to stop any of them getting into BBR's facilities. "There is not a problem with the wines we buy as a company, but where we have to be very careful is the wines that our customers buy from auctions or elsewhere, and then pay to store with us, and/or sell via us. ...
Five-minute guide to new 12-sided pound coin image
Source : Daily Express [Read Article] Sunday 26th of March 2017 12:01:00 AM
.... . However, some modern coins can be worth a mint, says Elizabeth Beckford, an expert in “numismatics”, or coin collecting, at Blackpool-based bullion company Chard: “The 2009 Kew Gardens 50p, which could be sitting in many a wallet or purse right now, can easily fetch £30 to £50 in auction. ...
Blurred lines? image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:25 AM
Andy Warhol portrait of Mao goes on auction in Hong Kong image
Source : BBC [Read Article] Friday 17th of March 2017 05:33:27 AM
. An Andy Warhol painting of Chairman Mao is to be auctioned in Hong Kong - and it could go to a Chinese bidder for a "homecoming" of sorts. ...
Piano gold hoard is 'life-changing' sovereign stockpile image
Source : BBC [Read Article] Thursday 16th of March 2017 10:08:09 AM
...." . Alexandra Whittaker, of auctioneers Fellows & Son, said a full sovereign with a 22-carat weight would be worth about £220, with a half worth £113. ...
Robots delivering pizza and house viewing by VR: is 5G really the future? image
....The report said that there were too many “digital deserts” across the UK where there was no coverage, while mobile signal on trains and motorways was “frankly appalling” – all issues that should be addressed. Ofcom, which later this year is set to auction off valuable spectrum for use in mobile broadband and future 5G services, says “virtually all” UK premises will get a 4G signal by the end of the year. ...
Greek activists target sales of homes seized over bad debts image
Source : Guardian [Read Article] Saturday 11th of March 2017 08:00:29 AM
.... But every Wednesday, between 4pm and 5pm, they are anything but. For it is then that activists converge on the building, bent on stopping the auctions of properties seized by banks to settle bad debts. ...
BT's £1.2bn Champions League splurge is price of staying in Sky game image
....7bn takeover by Rupert Murdoch’s 21st Century Fox, did not look to submit a knockout Champions League bid because it was keeping its powder dry. Neither BT or Sky can afford to lose out in the next auction because the rights to the top tier of English football have become so umbilically linked to the success of their battle for TV, broadband, mobile and phone customers. ...
BT denies squeezing customers after paying £1.2bn for Champions League image
....”. Viewing figures for Champions League football have dropped in recent years, a fact highlighted by Sky when it lost the rights to BT at the 2013 auction. ...
Bad news for online advertisers – you’ve been ’ad | John Naughton image
.... Or, rather, our personal data and the digital trails we leave on the web are the product. The data is sliced, diced and sold to advertisers in a vast, hidden – and totally unregulated – system of high-speed, computerised auctions that ensure each user can be exposed to ads that precisely match their interests, demographics and gender identity. ...
Creative retirement image
Source : BBC [Read Article] Friday 3rd of March 2017 09:24:42 PM
.... . On 2 March APT participated in its first public auction, selling 13 pieces it has held for close to a decade. ...
The smaller the better? image
Source : BBC [Read Article] Friday 3rd of March 2017 12:08:53 AM
....For example, media firms News Corporation and Time Warner have both split off their print businesses into separate firms, aiming to accelerate the growth of their broadcast arms. Similarly in 2014, eBay - also formerly led by Ms Whitman - split into two, carving PayPal, the electronic payments arm it bought in 2001, off from the main online auction business. ...
BT chief attacks rampant price rises for TV sports rights image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:48:02 PM
....“It isn’t really about muscle – it is about trying to find what is the right balance for sports leagues to maximise returns and increase the quality of play,” he said. “Rightsholders dictate terms of how they are going to auction or licence their product. ...
Green Investment Bank: rival bidder launches legal challenge to sale image
Source : Guardian [Read Article] Wednesday 1st of March 2017 07:01:01 AM
....”. SDCL said it had resorted to the legal action after being given the brush-off by government and had “raised its concerns with the parties responsible for the process in the government since the final phase of the auction in September 2016”. ...
Drive off with a secondhand car for less image
Source : Guardian [Read Article] Saturday 25th of February 2017 06:59:05 AM
.... If it is traded in or returned the dealership usually approves the ones in the best condition to re-sell. The rest are disposed of via an auctioneer, such as British Car Auctions (BCA), to a secondhand dealer or a private buyer (see box below), opening up the opportunity for bargain seekers. ...
Government intervention has led to higher energy bills, claims Lords report image
....Subsidy-backed growth in renewable energy projects, such as windfarms, has deterred the construction of new conventional power plants, the economic affairs committee claimed. The peers envisage the new energy commission would oversee auctions where all technologies, including fossil fuel power plants, competed for guaranteed electricity prices. ...
Government meddling makes energy costlier, peers say image
Source : BBC [Read Article] Friday 24th of February 2017 12:23:42 AM
....The report says that the government should reduce and remove its interventions in the energy market. It calls for generating capacity to be secured by a technology-neutral auction that would ensure that consumers pay the lowest prices for low-carbon electricity. ...
Six auction sites' ads banned over misleading savings claims image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:00:27 AM
. Controversial auction website MadBid, which makes claims in full-page national newspaper adverts about brand new cars sold for under £500 or iPhones for less than £100, has been found guilty of misleading customers following an investigation by the Advertising Standards Authority. ...
UK offshore wind 'will lower energy bills' more than nuclear image
Source : Guardian [Read Article] Sunday 12th of February 2017 01:30:13 PM
....“I wouldn’t be surprised if it [offshore wind] cleared Hinkley prices,” he said of the bidding for a £290m-a-year government subsidy pot in April. The auction is under a scheme known as contracts for difference, which offer generators a guaranteed price for their electricity above the wholesale price. ...
Ban coal from backup power subsidy scheme, says Scottish Power image
Source : Guardian [Read Article] Monday 30th of January 2017 04:16:49 PM
....Three major coal power plants closed last year, largely because of the impact of the government’s carbon tax. But coal is still expected to win a significant number of contracts in a capacity market auction starting on Tuesday to provide backup power next winter, paid through subsidies levied on household energy bills. ...
Ikea’s effect on the antiques trade: here’s how to turn the tables image
Source : Guardian [Read Article] Friday 20th of January 2017 12:26:06 PM
....Originals: £3250 – £2. 3m at auction. ...
No need to fret: Metal Hammer magazine saved from closure image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:52:55 PM
....Only a handful of staff have been guaranteed jobs in the transition of the TeamRock business, handled by administrators FRP Advisory, although ongoing negotiations could allow more move to Future. The call to help the affected staff attracted support from rock fans from all over the world, with donations from musicians such as Avenged Sevenfold, Black Stone Cherry, Asking Alexandra and Tesseract, while musician Frank Turner set up an auction to raise money for affected staff. ...
Ultra-rare Jane Austen £5 note found in Christmas card in Scottish Borders image
....Short’s most recent work, a portrait of the Queen on a pinhead, sold for £100,000. Huggins-Haig said the engraved notes could be worth tens of thousands of pounds at auction. ...
UK 4G coverage worse than in Romania and Peru, watchdog finds image
Source : Guardian [Read Article] Wednesday 14th of December 2016 12:01:10 AM
....The National Infrastructure Commission was established last year by George Osborne, the then chancellor, to advise the government on critical challenges related to the UK’s networks such as transport, telecommunications, energy and utilities. 5G networks are not expected to become available until 2020 but Ofcom has already begun preparations for auctioning off the spectrum. ...
New battery power-storage plants scheduled to keep UK lights on image
Source : Guardian [Read Article] Friday 9th of December 2016 06:24:39 PM
....A series of new battery power-storage plants and two small new gas power stations will be built in the UK following the award of subsidies designed to bolster energy supply and head off the threat of shortages. But government hopes of an ambitious “dash for gas” were dealt another blow after this week’s auction of subsidies to build backup capacity for Britain’s energy network. ...
Batteries charged to play bigger role in UK energy grid image
Source : BBC [Read Article] Friday 9th of December 2016 01:53:05 PM
.... . It follows a market-wide capacity auction that also saw agreements signed with gas and coal-power providers. ...
Spot the difference image
Source : BBC [Read Article] Friday 9th of December 2016 12:04:21 AM
.... . Many of the ads we see are now chosen by real-time "programmatic" ad auctioning systems. ...
National Grid sells majority stake in gas pipe network image
Source : BBC [Read Article] Thursday 8th of December 2016 10:31:48 AM
....National Grid will return £4bn to shareholders after the deal. The auction for the gas network has been running for at least a year and saw the Macquarie consortium fight off a raft of competitors, including a team led by Chinese investors. ...
Mortlake brewery selling vats and all before being turned into luxury flats image
Source : Guardian [Read Article] Wednesday 7th of December 2016 05:40:53 PM
. A 500-year-old brewery is selling off its vats, pumps and bottling lines at auction as its billionaire Singaporean owner prepares to turn the site into luxury flats. ...
£5 notes 'worth £20,000' in circulation image
Source : BBC [Read Article] Wednesday 7th of December 2016 01:09:31 PM
....Anyone finding one of the notes has been advised to contact the Tony Huggins-Haig Gallery in Kelso, which launched the project. Mr Huggins-Haig told BBC Scotland that the notes could be worth tens of thousands of pounds at auction. ...
Spread betting firms end winning run as FCA clamps down image
Source : Guardian [Read Article] Tuesday 6th of December 2016 07:14:57 PM
.... Gas-fired turbines are a sound long-term bet as the UK’s energy mix shifts towards solar and wind, creating a need for capacity that can fill the gaps in generation. Drax’s variety – gas plants that can switch from idle to full speed in 10 minutes – may not succeed in the next round of capacity auctions, but they should be needed one day. ...
Drax moves away from coal to bid on Opus Energy and gas plants image
Source : Guardian [Read Article] Tuesday 6th of December 2016 07:12:46 PM
....2GW from Watt Power, a unit of Noble Group. The plants, which are yet to be built, will bid to supply backup electricity in 2020-21 in a government-led auction which started on Tuesday. ...
Diesel farms make fresh bids to supply National Grid back-up power image
Source : Guardian [Read Article] Tuesday 6th of December 2016 08:25:42 AM
....The National Grid needs back-up electricity sources that kick in when, for instance, demand is high but the weather is not breezy enough to power wind farms. It secures this back-up power through the annual capacity market auction that begins on Tuesday and will see controversial “diesel farms” taking part. ...

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