Vodafone’s £11bn 5G rollout at risk if Three merger is blocked July 10, 2023 Vodafone’s UK boss has warned that the company’s £11bn investment in the UK’s 5G network is at risk if its merger with Three is blocked by the country’s competition regulator. Without the deal, Vodafone “won’t be able to invest as much and we won’t be able to deliver the 5G ambition that’s coming in the [...]
New crypto regulations from October should be welcomed July 10, 2023 When new cryptocurrency regulations are brought in by the FCA in October, Temple thinks it will be a step forward in the crypto universe.
M&S looks to revamp Ocado Retail after chair warns there is ‘work to do’ July 10, 2023 M&S is looking to revamp its joint venture with Ocado as the high street stalwart grows frustrated with the firm’s poor performance, bringing the brands falling profits back to the forefront of investors’ minds. M&S chairman, Archie Norman, told investors at the firm’s AGM last week that there was “work to do” regarding the performance [...]
Bitcoin holding on above key level July 10, 2023 Bitcoin is trading around $30,100 this morning as investors continue to support the psychological $30k level.
Plus500 cashes in on global growth push as profits rise July 10, 2023 Fintech trading platform Plus500 said today it was reaping the rewards of its global growth push as the firm reported a boost in profits and revenues in the first half of the year. The London-listed Israeli firm said revenues jumped 15 per cent to $368.5m in the first six months of the year while its [...]
Mansion House: Chancellor must achieve financial fusion to supercharge UK science July 10, 2023 Greg Smith is CEO of IP Group, the British-based fund investing in tech companies. Tonight the Chancellor will announce plans to supercharge investment - but there is no time to lose
BT boss Philip Jansen to step down within a year July 10, 2023 BT confirmed today boss Philip Jansen will step down “at an appropriate moment” within the next year. In a statement this morning, the telecoms giant said its nominations committee has been conducting a formal succession process. Adam Crozier, chair of BT Group, said: “Philip has done an excellent job in his time at BT and [...]
House prices: Buyers playing ‘wait and see’ on purchases rattles confidence July 10, 2023 Property portal On The Market has warned of a challenging outlook for the year ahead as aggressive rate rises have led buyers to “wait and see” on house purchases whilst the market remains unsettled. The estate agent, which operates similar to Rightmove and Zoopla, told investors this morning that stubborn inflation and the high cost [...]
Thames Water taps shareholders for extra £750m in bid to avert collapse July 10, 2023 Debt-laden Thames Water has secured an extra £750m of equity funding from shareholders, as the firm races to avoid nationalisation.
Barratt Developments share price in focus following Bank of England rate rise July 10, 2023 The market will turn its focus to Barratt Developments’ trading update next Thursday to see how soaring mortgage rates and a tumultuous period for the property sector is impacting UK house building companies. The housebuilder’s shares have fallen by around a tenth over the past 12 months and more than half from their pre-pandemic levels, [...]
