BT reduces pension deficit to £3.7bn and will keep contributions flat November 14, 2023 BT has said its pension funding deficit, which was nearly £8bn in 2020, shrunk to £3.7bn in June this year, and its annual contribution amounts will stay the same.
Vodafone revenue falls as group pins future on UK and exits ‘challenging’ Spanish market November 14, 2023 Vodafone's group revenue has declined 4.3 per cent in the first half of the year — compared to the same period last year.
‘Ship has sailed for SMS’: Telcos could lose £2.5bn as businesses shift to Whatsapp November 14, 2023 Telecom operators could lose over $3bn (£2.5bn) in revenue globally over the next five years as messaging apps steal market share.
Hammerson in talks to sell £1bn stake in owner of Bicester Village November 13, 2023 British shopping centre giant Hammerson is reportedly in advanced talks to sell its £1bn stake in Value Retail, owner of Bicester Village, the luxury retail complex.
Lloyd’s of London SPAC venture scrapped due to volatile markets November 13, 2023 Financials Acquisition Corp said on Monday it would enter liquidation as it scraps a planned merger with its newly formed insurance venture, citing "insufficient" cash commitments due to volatile capital markets.
Make UK investment screening ‘more business friendly’, says deputy PM November 13, 2023 Deputy Prime Minister Oliver Dowden has announced plans to enhance the business-friendliness of the UK's investment screening powers.
Royal Mail hit with £5.6m fine after sluggish delivery times November 13, 2023 The £5.6m fine, to be paid to HM Treasury within two months, includes a 30 per cent reduction, acknowledging Royal Mail's admission of liability.
Babcock: Share price for British defence giant up as it pens £750m submarine deal November 10, 2023 British defence firm Babcock has signed a four-year deal worth £750 with the Ministry of Defence to build and maintain UK submarines.
London City Airport chief flies to HS1 after Sunak axed Manchester leg of HS2 November 10, 2023 High Speed One (HS1), the UK's only high-speed and international rail line, has announced Robert Sinclair, as its incoming chief executive.
Diageo shares crash 15 per cent after it lowers forecasts amid Caribbean storms November 10, 2023 Diageo said it expects a slowdown in net sales growth in the first half of 2024, thanks to a performance downturn in Latin America and the Caribbean (LAC).
