BBC ‘may not be sustainable’ in current form, media watchdog warns October 24, 2019 The BBC may not be sustainable in its current form as it struggles to win over the attention of younger audiences, the media watchdog has warned. In a damning report published today, Ofcom said the corporation was at risk of a “lost generation” as young people increasingly tune out of its services. The reach of [...]
‘Bake Off’ winner and publican calls on Downing Street to cut beer tax October 24, 2019 Former Great British Bake Off Winner Candice Brown today delivered a petition signed by more than 200,000 Brits to 10 Downing Street calling for a cut in beer duty in the next Budget. Brown, who now runs The Green Man pub in Eversholt, Bedfordshire, was joined by publicans from across the country to deliver the [...]
London set for ‘fibre backbone’ to boost internet speeds October 24, 2019 New digital infrastructure will be built in London’s Tube tunnels in a “small but significant step” toward having full-fibre broadband across the capital. Mayor of London Sadiq Khan will spend £10m on creating a “fibre backbone” to enable gigabit broadband – internet speeds of 1,000 megabits per second – in 118,000 homes in South London. [...]
‘Don’t piss people off’: Sir Richard Branson’s advice for Extinction Rebellion is short and sweet October 24, 2019 When Extinction Rebellion hit the headlines this time last year, its leaders can hardly have imagined the movement would gain support from one of the best-known names in global aviation. Indeed, jet fuel is responsible for about 2.5 per cent of global CO2 emissions, and could even guzzle as much as half of the UK’s [...]
Nokia shares plummet as it cuts profit outlook amid tough 5G competition October 24, 2019 Shares in Nokia dropped more than 23 per cent today after it slashed its profit forecast amid hefty investment in 5G. The Finnish telecoms giant posted net revenue of €5.7bn (£4.9bn) in the third quarter, up four per cent year-on-year, while operating profit rose to €264m. Read more: Nokia disowns executive’s attack on Huawei security [...]
Payday lender Quickquid lines up administrators October 24, 2019 Quickquid is on the brink of collapsing into administration following a crack down on pay day lenders. Cash Euro Net UK, which trades under the name Quickquid, has lined up Grant Thornton as administrator as it prepares for a potential insolvency process, which could be launched in the next few days, Sky News reported. Read [...]
McDonnell: We want to scrutinise Brexit bill – but winter coat is ready for snap election October 24, 2019 Shadow chancellor John McDonnell has said his “preference” would be for the Brexit bill to return to the House of Commons for full scrutiny – but said he is “always ready” for a snap election. Speaking after his intervention on the Queen’s Speech, the Hayes and Harlington MP said he had “ordered my winter coat” [...]
Norwegian Air enters into joint venture to cut capital expenditure October 24, 2019 Norwegian Air Shuttle will add 27 Airbus aircraft to its fleet after agreeing to a joint venture with one of China’s largest banks. A subsidiary of China Construction Bank – one of the “big four” Chinese banks – will own 70 per cent of the joint venture, which will finance the purchase of the Airbus [...]
Brexit latest: McDonnell slams Javid over ‘dereliction of his duties’ October 24, 2019 The chancellor and shadow chancellor locked horns today, with Labour’s John McDonnell accusing his opposite number of a “dereliction of his duties”. McDonnell pointed to the government’s “working majority of minus-45″, saying it was ” obvious that this Queen’s Speech is little more than a pretty crude election stunt”. He also slammed the Tories for [...]
Comcast profit beats estimates after boost from broadband and Sky deal October 24, 2019 Media and communications company Comcast has beaten Wall Street estimates for third-quarter profit, which were boosted by its acquisition of Sky last year. Comcast reported an 11 per cent rise in net profit for the third quarter, ahead of analysts’ expectations, driven by a rise in broadband customer numbers. Read more: BBC ‘may not be [...]