WPP: Ad giant names former BT boss Jansen as new chair to navigate AI challenges July 30, 2024 Advertising giant WPP has appointed the former BT boss Philip Jansen as its new chair after a long search for a steady hand to help it navigate a difficult time. The rise of AI has caused upheaval within the industry, as it must adjust to a new set of tools which can replace many of [...]
FTSE 100 bounces back into green after tech sell-off July 26, 2024 FTSE 100 stocks have taken a dive this morning after a set of poor earnings reports and American markets suffering their worst day in two years.
BT shares slump after FTSE 100 company reports drop in revenue July 25, 2024 BT shares opened lower by 3.9 per cent this morning after the company posted a decline in revenue for its first quarter. The company reported total revenue of £5.05bn in its first quarter of trading, a two per cent decline from the same period in 2023 and slightly south of consensus estimates. The giant said [...]
Ofcom fines BT for being ‘ill-prepared’ on fault which stopped 14,000 calls to 999 July 22, 2024 The watchdog found that the UK's largest telecoms company lacked the ability to deal with the level of demand "reasonably expected".
BT: FTSE 100 giant’s majority shareholder Altice may be forced to sell stake as debt concerns grow July 21, 2024 The company initially built an 18 per cent stake in BT in 2021 using so-called funded equity collars. These combine bank loans and derivatives to help investors buy positions using borrowing money while hedging downside exposure.
FTSE 100 companies BT, Vodafone and Astrazeneca to report earnings this week July 21, 2024 Key quarterly earning updates from FTSE 100 companies next week, include Vodafone, BT and Astrazeneca.
Ofcom stomps out inflation-linked price rises for phone and broadband contracts July 19, 2024 Telecoms regulator Ofcom has expressed concern that the old practice left customers dealing with financial uncertainty.
Election 2024: Firms have ‘nothing to worry about’ on workers’ rights, Reeves says June 21, 2024 Rachel Reeves has told businesses they have “nothing to worry about” from Labour’s workers' rights reforms at The Times CEO Summit.
‘Lessen competition and deter investment’: BT lashes out at Vodafone-Three UK deal June 14, 2024 The regulator has been gathering responses to its investigation into Vodafone and Three UK's tie-up.
Latin America’s richest man takes £400m stake in BT June 12, 2024 Analysts said the move reflects the "good recent momentum" for BT, especially after chief Alison Kirkby recently revealed a £3bn cost-saving initiative.