VodafoneThree raises cost-cutting target to £1bn after merger Tech Vodafone has hiked its UK cost-saving target to £1bn a year as the telecoms giant looks to boost profits following its merger with Three. The FTSE 100 company said on Thursday it now expects VodafoneThree to deliver £1bn in annual savings by 2032, up from its previous target of £700m by 2030. The upgraded target [...]
San Francisco tech firm expands London footprint with new City office Tech US design software group Figma has expanded its London headquarters as it looks to double down on its growth in Britain, where firms created more than 15 million files on its platform over the past year. The New York listed tech firm has moved into an office at Elder Yard in Norton Foldgate, near Liverpool [...]
‘They want business on board’: How Reform UK is wooing City chiefs at its conference Politics Nigel Farage’s Reform UK is on a mission to win over businesses before the next election. Maurício Alencar and Ali Lyon report on how the party’s upcoming conference in Birmingham could determine its political future. By the time Britain’s executives descend on the Reform UK party conference this week, many will already be well-acquainted with [...]
Vodafone and Deliveroo look to patch up Reform ties after Yusuf prison threats September 1, 2026 Vodafone and Deliveroo will dispatch senior representatives to the Reform UK conference this week despite the party publicly threatening to send their bosses to prison. Telecoms giant Vodafone, operating under its UK banner Vodafonethree, will host a fringe event at the Reform’s annual jamboree even after home affairs spokesman Zia Yusuf warned chief executive Margherita [...]
Vodafone defends migrant SIM scheme after Reform threat August 13, 2026 Vodafone has defended its charity SIM card programme after Reform UK threatened the telecoms giant with government contract bans and its bosses with prison over thousands of cards distributed through Care4Calais. The telecoms group said its programme provides SIM cards to registered UK charities for distribution to vulnerable people in Britain, after Reform shadow home [...]
Vodafone pushes into legal tech market to co-develop AI platform August 5, 2026 Vodafone has partnered with an AI startup to co-develop a legal tech tool, challenging market heavyweights Harvey and Legora. The telecoms giant has teamed up with Aavalynx to co-develop an AI-driven litigation platform that helps manage and track legal disputes and forecast financial costs tied to these. The AI company told City AM the joint [...]
BT Openreach told to pull ‘unfair’ broadband discount July 28, 2026 Ofcom has moved to block a heavily discounted Openreach broadband offer after warning it could squeeze rival fibre networks out of the market, in the regulator’s first attempt to stop a commercial deal from BT’s network arm. The telecoms watchdog said Openreach’s proposed discount for internet providers signing up new full-fibre customers was “not fair [...]
As it happened: Stocks rise; oil falls after Trump pauses Iran strikes July 27, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Monday and the FTSE 100 has made a positive start to the week, gaining more than 70 points on the market open after oil prices began to fall from last week’s two-month highs. Brent crude, the international benchmark for oil prices, slipped to $90.58 in early trading [...]
Vodafone shares jump as French telecoms tycoon becomes top shareholder July 10, 2026 Vodafone shares surged almost 11 per cent on Friday after French telecoms billionaire Xavier Niel bought a £4.4bn stake in the FTSE 100 group from UAE-backed e& and became its largest shareholder. The deal will see Niel’s investment vehicle, Vega, acquire e&‘s entire 16.2 per cent stake for 112.5p a share – a 15 per [...]
LSE draws up ‘worst case scenario’ US listing flight risk June 28, 2026 The London Stock Exchange is preparing for as many as 20 FTSE 100-listed companies to move their direct listings to New York, according to reports, in a move that would leave a £2bn gap in the Treasury’s earnings from stamp duty on share trades. The exchange has drawn up a worst-case scenario plan in which [...]