Labour leader Jeremy Corbyn’s British broadband speech in full November 15, 2019 Jeremy Corbyn has laid out plans to provide free full fibre broadband to every UK household and part-nationalise BT this morning. Labour said that the policy, the cost of which was estimated at £20bn, would be funded by taxing multinational tech giants. The policy announcement sent BT’s share price down over two per cent this [...]
Labour’s BT plans force Talk Talk to pause sale of Fibrenation November 15, 2019 Broadband provider Talk Talk’s chief executive Tristia Harrison said that Labour’s plans to nationalise BT’s Openreach arm had forced the company to pause negotiations over the sale of its Fibrenation sister business. On a call with reporters, Harrison said: “Negotiations are going very well, but the news overnight means that we are all pausing, considering [...]
Talk Talk back in the black as City Fibre circles broadband arm November 15, 2019 Talk Talk revealed a £4m half-year profit today amid reports that it is close to a deal to sell its Fibrenation sister company to Cityfibre, the UK’s largest alternative broadband network provider. Sky News reported that although sources warned that the deal had not yet been finalised, there was a chance the agreement could be [...]
Uber co-founder Travis Kalanick takes stock sale to over $700m November 14, 2019 Just days after disposing more than a fifth of his stake in ride-hailing app Uber, ousted chief executive Travis Kalanick has sold a further 6.1m shares in the company he helped found. According to a company filing submitted yesterday, the entrepreneur sold an additional $164m (£127.6m) of stock, taking the total disposed of this month [...]
Anglo-Australian miner BHP appoints new global chief executive November 14, 2019 BHP announced that it had appointed a new chief executive this morning, with current boss Andrew MacKenzie due to retire at the end of this year. Mike Henry, the current head of BHP’s Australian operations, will take over from MacKenzie on 1 January 2020. Read more: BHP shareholders vote against leaving industry groups 53-year-old Henry, [...]
Qinetiq maintains full year outlook as it increases US presence November 14, 2019 Defence and security company Qinetiq maintained its guidance for the full financial year this morning, as it announced that its US presence would increase to around 25 per cent of group revenue. Read more: Qinetiq on track to make £106m proft target The figures Underlying operating profit rose 16 per cent in Qinetiq’s half year [...]
Future looks bright for NextEnergy Solar Fund November 14, 2019 NextEnergy Solar Fund, the FTSE 250 investment company, announced another robust set of results this morning, as the company’s assets produced 5 per cent more energy than expected. Read more: Sun shines on NextEnergy as it plans global expansion The figures The London-listed company, which operates 89 solar assets across the UK and Italy with [...]
National Grid beats half year expectations amid New York dispute November 14, 2019 UK energy supplier National Grid used its half year results to say that it is “confident” it would be able to address issues raised in a letter from New York governor Andrew Cuomo earlier this week. The company is facing the risk of losing its license to operate its gas franchise in New York City [...]
Premier Oil shares jump as it predicts higher annual production November 14, 2019 Premier Oil said their full year production would be at the upper end of their previous guidance in this morning’s trading update, prompting shares to jump nearly three per cent. Read more: Premier Oil prepares to sell Mexican field stake as profits jump The figures The company said that total output for the year would [...]
Smiths Group shares jump on the back of strong first quarter growth November 13, 2019 Global technology company Smiths Group today announced that its guidance for the year remained unchanged, based on a strong first quarter performance. Shares in the company rose 3.8 per cent on the back of the update. Read more: Smiths Group spin off ailing medical division into separate business The FTSE 100 company said that revenue [...]
