Bharti’s BT buy a ‘confidence boost’ for FTSE 100 telecom giant August 12, 2024 Bharti Global’s decision to buy a large stake in BT from debt-laden Altice UK has been hailed as “confidence boosting” for the British telecom giant, according to analysts. BT shares surged over six per cent in early FTSE 100 trading following reports that the Indian telecom firm will acquire a 24.5 per cent stake from [...]
TfL recouped just £638k dodged Tube fares after splashing out £14m on enforcement August 12, 2024 TfL spent around £14.2m on a "revenue enforcement team" for the London Underground, with a further £7.7m spent enforcing fares on bus services.
UK economic data dump set to bolster case against September rate cut August 12, 2024 A slew of official UK economic data this week is poised to bolster the case for policymakers at the Bank of England not to cut interest rates next month, with inflation forecast to rise for the first time this year.
From the Paris Olympics to Royal Ascot: How catering giant Sodexo Live became the invisible force behind Europe’s biggest events August 12, 2024 From the Paris Olympics and the Rugby World Cup to Royal Ascot, Sodexo Live has become the invisible force keeping plates loaded and champagne glasses topped up at Europe’s biggest events. In 2023 the Paris-headquartered catering giant‘s events division, Sodexo Live, served more than 11m guests in the UK alone, employing around 1,700 people across [...]
Fitness fans move fast for limited-edition Myprotein advent calendar August 12, 2024 The sports nutrition company's calendar will offer a mix of 25 nutritious treats from Myprotein, Myvitamins, Myvegan, and MP Clothing.
Minister urges insurers to ‘swiftly resolve’ riot claims August 12, 2024 Insurers have been urged to “swiftly resolve” claims from businesses which suffered damage during the recent rioting.
Boris Johnson sized up for Telegraph editor role amid bidding war August 12, 2024 Former Prime Minister Boris Johnson is reportedly being considered for the role of global editor-in-chief at The Daily Telegraph. The approach has been made by Johnson’s former chancellor, Nadhim Zahawi, who is spearheading a bid to buy The Telegraph and The Spectator, both of which are up for sale following a blocked Abu Dhabi-backed takeover, [...]
JD Sports shares slump after stockbroker downgrade August 12, 2024 Shares in JD Sports slumped more than four per cent on Monday morning after analysts at stockbroker Deutsche Numis questioned the retailer’s ability to generate cash. Analysts downgraded the stock from a ‘buy’ to a ‘sell’ and lowered the share price target from 115p to 110p. Deutchse’s forecast was 6.5 per cent below the fashion [...]
Aquis Exchange boss says UK poised for ‘tidal wave’ of foreign investment under Labour August 12, 2024 The chief executive of challenger stock exchange Aquis has said the UK is in store for a "tidal wave of international investment" following Labour's election victory.
Burger King UK’s revenue spikes after restaurants revamped and new sites opened August 12, 2024 Burger King has reported a rise in sales and revenue in 2023 after a boost from new restaurant openings. Revenue spiked by a huge 30 per cent, although like-for-like sales only rose by three percent. The rise in revenue was due to growth in the “existing estate and new restaurants”, as well as “good cost [...]
