Uniper in need of another cash boost as Germany scraps gas levy October 20, 2022 Uniper is in need of another hefty cash injection after a previous scheme to help finance the ailing importer was scrapped.
EU court adviser throws spanner in the works for telcos consolidation October 20, 2022 A top EU lawyer has undermined hopes of consolidation in the telcos sector after it backed a 2016 ruling that blocked a major £10.3bn merger. It comes after Advocate-General for the EU Court of Justice (ECJ) Juliane Kokott said this morning that a previous ruling involving Telefónica’s O2 and CK Hutchison’s Three, which went against [...]
Booming oil and gas prices power Woodside Energy to record revenues October 20, 2022 Woodside is revelling in record revenues, powered by firmer energy prices and its merger with BHP Group's petroleum assets.
Three quid from the Grid? Households encouraged to use more off-peak power October 20, 2022 The National Grid will offer households a hefty £3 per kwh to shift their electricity usage to off-peak times.
AT&T’s pivot away from media and towards telcos starts paying off October 20, 2022 Shares soared for AT&T this afternoon as the firm’s enhanced focus towards telecoms appears to be paying off. The telcos giant posted an adjusted profit of 68 cents per share on revenue of $30bn in its third quarter, topping to the 61 cents and $29.86bn analysts had predicted. The third largest provider of mobile phone services in the US [...]
Ovo Energy makes eleventh hour bid to snatch Bulb from rival Octopus October 20, 2022 Ovo Energy has launched a last gasp bid to snatch Bulb Energy (Bulb) from the tentacles of rival supplier Octopus Energy.
London Business School looks to buck SME downturn with incubator programme October 20, 2022 London Business School has tipped a wellness startup and postnatal depression firm as among the Capital’s most promising startups today as it looks to provide a platform for growth at a troubling time for the Capital's smaller firms.
Shetland Islands cut off from all phones and internet: ‘Very limited contact’ October 20, 2022 Reports are coming in that the Shetland Islands are currently completely cut off from any phone or internet communication. Residents of the islands are left without a connection due to a break in the subsea cable connecting their homes to mainland Scotland. The cause of the damage has not yet been confirmed. Operator BT said [...]
AJ Bell assets dip 2 per cent despite investor surge October 20, 2022 Retail investment platform AJ Bell said its customers’ assets had dipped two per cent in the past year as volatility on the markets offset a surge in investors pouring onto its platform.
Schroders assets plunge £21bn as volatility rocks asset managers October 20, 2022 Schroders said its assets had plunged by nearly £21bn in the past quarter as it became the latest asset manager to report its holdings had been ravaged by geopolitical volatility and a looming recession this year.