BT share price tumbles as firm announces tens of thousands job cuts May 18, 2023 BT has announced plans to slash its workforce by as much as 42 per cent over the next seven years in a bid to slash costs and become a “leaner business”.
BT runs supply chain ‘war game’ signalling growing fears of China-Taiwan conflict April 16, 2023 Telecoms group BT carried out tests on its supply chain in order to prepare for any fallout amid escalating conflict between China and Taiwan in a “war game” that lasted two days last year. The simulation was conducted following the visit of US speaker Nancy Pelosi to Taiwan last year, which China deemed as an [...]
Broadband firms urged to cancel ‘exorbitant’ mid-contract price hikes for vulnerable customers March 21, 2023 Broadband firms have been urged to cancel “exorbitant” mid-contract price rises for vulnerable customers less than two weeks before they are due to take effect. Millions of broadband and mobile phone customers can expect to face monthly bill increases of at least 14 per cent from April. Providers often link their annual price rises to [...]
Arsenal, Manchester City, Chelsea and Call of Duty: The perfect storm that drove UK broadband traffic to record levels February 22, 2023 The top-of-the-table Premier League match between Arsenal and Manchester City pushed UK broadband traffic to record levels last week, City A.M can reveal. The eagerly anticipated fixture, which was only available to stream, helped traffic on the country’s biggest broadband network to reach a new peak of 29.1 terabits per second (Tb/s). BT and EE [...]
3pm blackout: Broadcasters open to talks over scrapping UK’s ban on showing live football on Saturday afternoon February 21, 2023 English football’s 3pm blackout could come under further pressure after broadcasters indicated a willingness to discuss scrapping the ban on televising live games on a Saturday afternoon. Executives in charge of TNT Sports, the new joint venture between BT Group and Warner Bros Discovery, say they will consider showing Saturday afternoon fixtures if league chiefs [...]
BT Sport to become TNT Sports: Here’s what it means for price, programming and existing customers February 21, 2023 BT Sport is to be rebranded as TNT Sports in the first major development of the joint venture between BT Group and Warner Bros Discovery. Under the rebrand, which will take place in July, programming will stay largely the same, with TNT Sports remaining centred around live Premier League and Champions League football, domestic and [...]
FTSE 100 close: Markets shrug off rate hike as JD Sports and BT lift index February 2, 2023 The FTSE 100 closed higher on Thursday, boosted by a strong performance from BT and JD Sports, as investors digested the latest interest rate decision from the Bank of England later today. Governor Andrew Bailey increased interest rates by 50bps to a post-financial crisis high of four per cent earlier today. Investors think the Bank [...]
FTSE 100 live: London index boosted by Shell ahead of today’s Bank of England rate decision February 2, 2023 The FTSE 100 opened higher on Thursday morning, boosted by a strong performance from Shell, as investors awaited the latest interest rate decision from the Bank of England later today. Governor Andrew Bailey is expected to increase interest rates by 50bps to a post-financial crisis high of four per cent later today, although there is [...]
Fibre advancing ‘like fury’ but will £5bn infrastructure spend turn round BT’s share price woes? February 2, 2023 BT reported a solid third quarter of the year in a statement to markets this morning, with boss Philip Jansen hailing a “transforming” firm. Revenue in the three quarters to the end of December crept up to £15.6bn, a small fall on last year which the firm put down to inflationary headwinds and legacy product [...]
Smartphones are the new laptops with 60 per cent of UK firms now mobile only – BT January 16, 2023 Almost 60 per cent of business owners now rely solely on using mobile phones to run their operations, telecoms giant BT has revealed. The investigation by BT business showed more than half of entrepreneurs have embraced flexible working, and use mobiles rather than laptops or desktops. According to BT 59 per cent of British business [...]