Ofcom rules BT’s Openreach must give rivals greater access to broadband network May 24, 2019 Britain’s biggest telecoms firm BT will be forced to give rival networks more access to its Openreach infrastructure under proposed Ofcom rules, in a bid to encourage a faster roll out of high-speed fibre cables. Read more: Openreach to hire 3,000 new engineers for full-fibre rollout Rivals can currently only use Openreach telegraph poles and [...]
GDPR is one year old, but has the EU’s data protection regulations helped business or eroded trust? May 24, 2019 Saturday marks the first anniversary of the European Union’s General Data Protection Regulation (GDPR) finally coming into force. GDPR was heavily hyped up, with many hoping – or fearing – that it would fundamentally change not only how companies handle people’s data, but also how consumers view their online interactions with businesses. Anyone with an [...]
Online clothes shopping helps UK retail sales beat economists’ expectations in April May 24, 2019 Online clothes purchases and warm weather helped UK retail sales beat economists' expectations in April, official statistics showed today. Read more: Bank of England upgrades UK economy growth forecast Britons bought 5.2 per cent more goods in April than in the same month a year earlier, the Office for National Statistics (ONS) figures, released today, [...]
Theresa May to resign as Conservative party leader on 7 June May 24, 2019 Theresa May has announced that she will step down as the Tory party leader on Friday 7 June in a tearful speech outside of 10 Downing Street. Following a meeting with the 1922 committee this morning, May informed chairman Sir Graham Brady of her intention to resign following three years as Prime Minister. The decision has also been [...]
Mothercare’s annual loss jumps to £87m, delayed annual results reveal May 24, 2019 Mothercare’s annual loss grew to £87.3m in the last financial year it said today in a delayed set of annual results. The struggling retailer was due to report its results yesterday, but pushed back its report to today because of the “complexity” of its finances, sending shares down 5.2 per cent. Sales fell 7.9 per cent to [...]
George Soros builds three per cent stake in scandal-hit asset manager Gam May 24, 2019 Billionaire investor George Soros has bought three per cent of embattled Swiss asset management company Gam Holding, a filing on the Swiss stock exchange revealed today. Read more: Chief executive of embattled asset manager Gam resigns The shares were bought by the Soros company Soros Fund Management (SFM), and pushed shares in Gam up 8.8 per cent by [...]
With rail closures planned this weekend, here’s how we should revamp our chugging transport system May 24, 2019 This week, consumer watchdog Which revealed that rail passengers lost four million hours to train delays last year, with an average of 660 cancellations per day. It’s hardly surprising. Any regular commuter will have experienced a delay, cancellation or disruption recently – perhaps you’re experiencing one right now, in fact. Read more: Nearly 4m hours [...]
Stagecoach sues Department for Transport over West Coast rail franchise May 24, 2019 Stagecoach said today it had launched a legal claim against the Department for Transport (DFT) in connection with the competition for the West Coast rail franchise. Read more: Arriva takes government to court over East Midlands franchise award It said it had issued a High Court and judicial review claim alleging that the DfT breached [...]
Elon Musk’s Space X launches 60 satellites for Starlink internet project May 24, 2019 Elon Musks’s Space X, the private aerospace company, has launched 60 small satellites into orbit today, marking a major step for the billionaire entrepreneur’s space-based internet system Starlink. Read more: Elon Musk says Tesla will launch a fleet of robotaxis in 2020 A Space X Falcon 9 rocket carrying the satellites, which each weigh about 230kg [...]
Tube chaos: Signal failure causes severe delays for commuters on District Line May 24, 2019 A signal failure has left commuters to contend with severe Tube delays this morning as Transport for London (TfL) part suspended two London Underground lines. Read more: Underground fire alert causes Tube chaos for commuters Passengers faced a difficult journey to work on both the District Line and the Hammersmith & City Line after the [...]