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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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BT gambles that Premier League deal will pay off faster than broadband

Category : Business

Spending £738m on football might annoy customers waiting for a fast internet connection, but BT thinks it can afford it

And now over to the football results read by James Alexander Gordon: Premier League footballers 1: BT and BSkyB shareholders 0. The £3bn carve-up of the Premier League broadcast rights was a shock result that had footie fans cheering, but investors weeping into their cups of Bovril.

The arrival of a formidable challenger to Sky in the shape of BT is to be welcomed, because competition will keep TV and broadband prices keen. But the telecoms provider’s expensive foray into sports broadcasting will stick in the craw of the millions of households still waiting for a decent broadband connection.

BT is writing a £738m cheque for 114

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