FTSE 100 roundup: Today’s winners and losers February 1, 2019 The FTSE 100 finished 0.74 per cent up today, nudging just above 7,000 points to finish on 7,020.22. The index was bolstered by weakness in the pound after the release of further disappointing manufacturing statistics this morning. Sterling has had a tough end to an already difficult week, falling 0.3 per cent against the dollar, striking a [...]
BT blocks Huawei hardware from use in 5G network amid global security concerns December 5, 2018 BT has barred Huawei’s equipment from being used in its core 5G mobile network when it goes online in the UK, the company has confirmed, amid security concerns. The British company also confirmed it is removing Huawei’s hardware from use in its existing 3G and 4G networks, first revealed by the Financial Times this morning. BT bought [...]
Three ploughs £2bn into race to be the first to launch 5G November 7, 2018 Mobile network Three today said it will invest more than £2bn in 5G as operators race to be the first to roll out the new technology. Three said its investment in infrastructure puts it in a strong position for the launch of commercial 5G, which it hopes to bring to customers in the second half of next [...]
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. [...]