Mobile operator Three defies Ofcom’s call for ‘fairer’ phone bills July 22, 2019 Mobile operator Three has clashed with regulator Ofcom over proposals to create fairer bills for customers after their initial contract period has ended. Ofcom today unveiled a string of new rules and said five major providers have pledged to cut bills for millions of customers. Read more: New rules could give fraudsters a back door [...]
BT reveals new City headquarters as it plans to move by end of 2021 July 22, 2019 BT will move its headquarters to a new site in the City following the £210m sale of its London offices last week. Read more: BT agrees £210m sale of London headquarters The telecoms firm said its new headquarters will be based in a new 320,000 square foot building near Aldgate East station at 1 Braham Street, [...]
Foreign office minister Sir Alan Duncan resigns in protest against Boris Johnson July 22, 2019 Sir Alan Duncan has resigned as minister of state for Europe and the Americas ahead of Boris Johnson’s Tory leadership contest win. The pro-European minister has previously voiced his opposition to Johnson, who is expected to be named as the new prime minister tomorrow. Duncan’s departure is the first of a string of mooted resignations, [...]
Revealed: 20 purchases that prove money can buy happiness July 22, 2019 They say money can’t buy happiness, but there’s no doubt retail therapy can help boost your mood. Now a survey has revealed the nation’s favourite pick-me-up purchases, showing how Brits like to spend their hard-earned cash over the summer months. Read more: Why families feel ripped off by overseas summer holidays The research, commissioned by [...]
May to chair Cobra meeting over Iran tanker crisis as oil prices rise July 22, 2019 The price of oil rose this morning ahead of a meeting of the government’s emergency Cobra committee, as markets react to tensions caused by Iran’s seizure of a British tanker in the Gulf. Read more: Iranian seizure of tanker constitutes illegal interference, UK tells UN Brent crude rose 1.3 per cent to $63.28 a barrel, [...]
Inmarsat bidders look to appease government ahead of $3.4bn takeover July 18, 2019 The private equity firms behind a $3.4bn (£2.6bn) bid for Inmarsat have agreed a number of undertakings with the government over the future of the satellite firm’s UK operations. Read more: Competition watchdog to probe $3.4bn Inmarsat takeover The consortium, led by Apax Partners and Warburg Pincus, said it will guarantee that the majority of [...]
Netflix loses its chill: Four ways the streaming giant can recover July 18, 2019 Netflix shares dropped roughly 11 per cent when Wall Street opened today, as bleary-eyed investors reacted to a disappointing set of second-quarter results. The streaming firm posted a 26 per cent rise in revenue to $4.9bn (£3.9bn), but added just 2.7m worldwide subscribers, well below its 5m forecast. Read more: Netflix to open huge UK [...]
Shares in Reach spike after it confirms JPI Media takeover talks July 18, 2019 Shares in media group Reach jumped as much as nine per cent this morning after it confirmed it is in early talks to buy assets from i newspaper owner JPI Media. The Daily Mirror publisher today said it is in discussions with JPI Media, which owns hundreds of regional titles across the UK, but warned [...]
Vodafone gets the green light for $22bn Liberty Global acquisition July 18, 2019 Vodafone has secured approval from EU regulators for its $22bn (£17.6bn) takeover of Liberty Global assets. The European Commission today said it has approved the merger on the condition that Vodafone complies with a string of commitments. Read more: Shareholders poised to oppose Vodafone pay report in dividend row The deal will see Vodafone take [...]
No-deal Brexit could cause ‘full-blown’ recession in 2020 July 18, 2019 A no-deal Brexit could plunge Britain into a year-long recession and shrink the economy by two per cent next year, the UK’s public finances watchdog has warned. Britain may already be on the verge of a “full-blown” recession but crashing out of the European Union without a deal would damage growth further, the Office for [...]
