Virgin Media 02 could bag up to £750m from selling stake in masts business April 20, 2023 Telecoms company Virgin Media O2 has reportedly started the process to sell part or all of its stake in Cornerstone, the operator of Britain’s largest mobile tower network. Virgin Media O2 is set to sell at least half of its 25 per cent stake in the company and will use the funds to fuel its [...]
‘Genie won’t go back in the bottle’ on artificial intelligence, says security minister April 20, 2023 Security minister Tom Tugendhat has said while he understands fears about artificial intelligence (AI), it would be misguided to pause further developments on the new technology. He also suggested that suspending the field could squander UK cybersecurity efforts. “Given the stakes, we can all understand the calls to stop AI development altogether,” he said, speaking [...]
The Square Mile and Me: Steve McGill on Boots, negativity and the Four Seasons April 20, 2023 We dig into the memory bank of the City’s great and good: this week, Steve McGill details his life running the fastest-growing speciality broking firm in the world, McGill and Partners. Quick-fire round What’s your favourite…?
EY faces investigation over audit of Made.com before firm collapsed April 20, 2023 The UK’s audit watchdog has launched an investigation into EY’s audit of Made.com before the firm collapsed late last year. The online furniture business went into administration in November after rescue talks to find a buyer failed. The Financial Reporting Council announced today that it will start investigating EY’s audit of the firm’s accounts for [...]
Nestle: KitKat maker facing activist investor calls to make food healthier April 20, 2023 KitKat and Shreddies maker Nestle is facing calls from a global coalition of investors to set targets to make its food healthier. The group of 26 investors, which is responsible for more than 3 trillion US dollars (£2.64 trillion) of assets, is urging the food giant to ramp up its health performance and play its [...]
EU gas supplies in strong shape after winter of mass rationing April 20, 2023 The EU has emerged from winter with its energy supplies in robust shape, with storage levels above average and gas prices falling.
Capita: Local authority contractor says ‘limited’ data accessed by hackers in recent cyber attack April 20, 2023 Outsourcing firm and government contractor Capita said customer, supplier or colleague data may have been accessed by hackers in a recent cyber attack on the firm. The group – a major contractor for local authorities – said investigations since the hack was discovered on March 31 have shown evidence of a “limited” data breach. It [...]
BP chairman at risk of being ousted in shareholder revolt April 20, 2023 BP chairman Helge Lund is at risk of being ousted in a shareholder revolt, with five pension schemes set to vote against his re-election.
CBI passes new information to police after report of ‘serious criminal offence’ April 20, 2023 The scandal-hit Confederation of British Industry (CBI) group has passed fresh information to the police regarding a report of a criminal offence. A CBI spokesperson said: “Late yesterday afternoon, the CBI was made aware of additional information relating to a report of a serious criminal offence. “We have passed that information immediately to the police, with whom we are [...]
Binance Labs ploughs funds into South Korean blockchain game developer April 20, 2023 Binance Labs has invested into the seed funding round of GOMBLE - a blockchain-based casual game developer.
