As it happened: Stocks jittery as Iran war drags on; Reeves unveil cost-of-living package May 21, 2026 Welcome back to the City AM liveblog. Donald Trump has warned Iran there are two options that could see the US finishing the war in Iran, with one that will “see a few people killed as opposed to a lot”. He added: “We could do it either way.” It’s the latest threat from the White [...]
BT bags five-year digital contract with BAE Systems May 14, 2026 BT has signed a five-year deal with BAE Systems to provide secure connectivity across the defence giant’s global operations, as military contractors ramp up digital infrastructure spend. The contract will see BT support BAE’s network across 40 countries, with an option to extend the partnership by an additional three years. The deal comes as BAE, [...]
BT shares dip as Ofcom probes EE and Plusnet data April 29, 2026 Shares in telecoms giant BT Group slid on Wednesday after the regulator Ofcom launched a formal investigation into whether it provided inaccurate or incomplete customer service data through EE and Plusnet. The UK watchdog said it is looking into whether BT complied with legally binding information requests issued in December 2023, under the Communications Act, [...]
Ofcom targets BT and Three as summer outages exposed emergency call risk December 15, 2025 The UK’s telecoms regulator has launched investigations into BT and Three after network failures this summer left customers unable to make calls, including to the emergency services. Ofcom said on Monday that the probes will assess whether the two operators complied with their legal dutiesm after separate incidents caused nationwide disruption. Telecoms giant BT notified [...]
BT bets on budget provider amid broadband customer losses November 6, 2025 BT has lost more broadband customers than expected, a sign that even its £15bn fibre rollout is struggling to retain customers from drifting to cheaper rivals. Openreach, BT’s network arm, reported a net loss of 242,000 broadband lines in the second quarter of its financial year, worse than the 205,000 analysts had pencilled in. The [...]
Former BT boss in advanced talks to be next chairman of Heathrow October 18, 2025 The former BT Group chief Philip Jansen is lined up to be the next chairman of Heathrow Airport as it prepares to deliver a nearly £50bn expansion. Jansen, is in advanced talk with the board and shareholders of the UK’s largest aviation hub about taking on the role, according to Sky News. Sources said an [...]
BT urges government action amid standalone 5G rollout October 2, 2025 BT has called on the UK government to remove regulatory barriers and accelerate mobile network expansion. The call comes as the FTSE 100 giant announced plans to deliver standalone 5G (5G+) coverage to 99 per cent of the UK population by 2030, four years ahead of rival operators’ stated projections. Speaking at the Connected Britain [...]
‘We’re already at peak government inflicted costs’ BT chief warns Chancellor September 24, 2025 The boss of BT has joined a chorus of chief executives urging the Chancellor not to raise the costs of doing business at her forthcoming Budget, warning the telecoms industry was “already at peak government inflicted costs.” In an on-stage interview with City AM at the Connected Britain conference on Wednesday, Allison Kirkby said: “We [...]
Plusnet cuts jobs as sales and profit slashed August 15, 2025 Plusnet cut more than 100 jobs as its sales and profit were slashed during its latest financial year, it has been revealed. The Sheffield-headquartered broadband provider, which is owned by BT, has posted a turnover of £342.4m for the 12 months to 31 March, 2025, down from the £401.8m it achieved in the year before. Plusnet [...]
TalkTalk: Huge losses revealed amid job cuts and fleeing customers August 6, 2025 The full extent of TalkTalk’s financial woes have been revealed for the first time amid sky-rocketing losses and huge job losses as customers move to other broadband providers. New accounts for the Salford-headquartered group filed with Companies House have revealed its pre-tax losses surged from £153m to £465m in the year to 28 February, 2025. [...]