BT names Worldpay chief Philip Jansen as its new CEO October 25, 2018 BT has announced Worldpay’s Philip Jansen as its new chief executive, joining the telecom giant early next year after current boss Gavin Patterson steps down. Jansen, who has led payments services company Worldpay for five years as co-chief executive, will be paid a £1.1m salary as well as an annual bonus of up to 240 [...]
BT pension scheme appoints Now Pensions founder Morten Nilsson as chief exec October 9, 2018 The BT Pension Scheme today appointed the founder of Now Pensions Morten Nilsson as its new chief executive. BT Pension Scheme Management (BTPS) said Nilsson will take up the role immediately and report to the firm's chairman of the board of trustees, Paul Spencer. The telecoms giant's pension is one of the largest defined benefit [...]
Worldpay boss rumoured to be in the hiring line for BT Group September 22, 2018 Britain’s largest telecoms company BT Group is in advanced talks to appoint Worldpay’s outgoing joint chief executive Philip Jansen as its new boss, according to Sky News. Jansen is believed to be the preferred candidate for the role, which opened up in June after BT’s boss Gavin Patterson revealed he would stepping down towards the [...]
UK pensions deficits: FTSE 100 firms fear pension pain as workers retire September 6, 2015 Pension schemes represent a “material risk” for many of the largest companies in the FTSE 100, new research shows. Six firms, including BAE Systems, British Airways-owner International Airlines Group, RSA and Royal Bank of Scotland, all have total disclosed pension liabilities almost double their equity market value, so says JLT Employee Benefits’ quarterly report [...]
BT and Sky square up in battle to win over Premier League football fans August 12, 2015 The new Premier League season has kicked off to the usual fanfare, but another battle is raging off the pitch, between rival broadcasters Sky and BT. Both companies have launched high profile advertising campaigns in order to win over new subscribers. Sky Sports has opted for a nostalgic look back at seasons gone by, integrating [...]
BT shrugs off break-up talks to increase profit before tax by 16 per cent July 30, 2015 The likes of Sky may be after its head, but that hasn't prevented BT from posting a 16 per cent rise in pre-tax profit, despite a modest fall in revenue. BT's share price fell three per cent in mid morning trading following the announcement. The figures The telecoms giant reported a two per cent fall [...]
EE boss Olaf Swantee takes rivals to task over complaints about BT’s takeover July 27, 2015 EE boss Olaf Swantee yesterday hit back at rivals attacking a proposed £12.5bn takeover by telecoms giant BT amid fears the deal will dilute competition in the sector. “We have about 20 of our competitors who want to use lawyers to get a certain result, rather than using engineers to help them differentiate,” he said. [...]
Ofcom says BT merger with EE could harm other mobile firms July 19, 2015 Telecoms giant BT could be facing double trouble from the industry regulator, after Ofcom revealed concerns surrounding its proposed merger with mobile network EE. The planned £12.5bn takeover is being probed by the Competition and Markets Authority (CMA), which issued an update regarding the scope of its investigation at the end of last week. Ofcom [...]
Ofcom communciations review: What next for BT, Openreach, Sky and the telecoms market? July 16, 2015 While Ofcom’s latest move is no doubt being celebrated as a win by BT’s more than vocal rivals, it’s by no means a foregone conclusion that BT is heading for a breakup. Last time Ofcom reviewed competition, BT was forced to create Openreach in order to give access to its broadband network to rivals, something Ofcom [...]
BT share price dips as Ofcom considers spinning-off Openreach July 16, 2015 It's been months in the offing and the cause of various, vociferous complaints – but now communications watchdog Ofcom has finally come out with it: it's considering breaking up BT. In an outline of a review this morning the regulator said separating BT from its Openreach network "could deliver competition or wider benefits for end [...]