Three Mobile cyber attack: Mounting numbers of customers hit following November breach March 13, 2017 A Three Mobile handset fraud investigation has identified tens of thousands more customers have been hit than was previously thought. The mobile operator said today 76,373 more customers had been hit than previously thought, a 57 per cent increase on initial estimates made last year. A spokesperson for Three said while it is not known how long [...]
Vodafone chooses Britain to launch new jobs as part of multi-billion pound home investment March 13, 2017 Mobile operator Vodafone will today announce the creation of 2,100 jobs in one of the largest single UK employment expansions in recent years. The new roles are part of Vodafone’s ongoing £2bn investment in Britain. Customer service positions will be created in the north of England, the Midlands, Scotland and Wales Read more: Vodafone: Two reasons to [...]
BT needs to be able to “hire and fire” Openreach board and had to get the deal done before starting pension negotiations March 10, 2017 BT chief exec Gavin Patterson has said having the ability to “hire and fire” the Openreach board was a red line that the telecoms giant couldn’t cross in agreeing a deal with Ofcom over the future of its infrastructure arm. And breaking the deadlock with regulators over Openreach’s independence was imperative before entering into negotiations with [...]
BT Openfudge? Four things you need to know about the Ofcom deal… and what the regulator says about them March 10, 2017 BT's settlement with regulator Ofcom has been championed as a significant step towards making its Openreach broadband division a separate entity, after months of debate over the subject. Today's agreement isn't quite a spin-off. Although the two will be legally separated, Openreach, the company responsible for running the majority of the UK's telecoms infrastructure, will be forced to consult [...]
JRP Group share price jumped after posting better than expected annual results despite a soft new business market March 10, 2017 The boss of retirement specialist JRP Group today urged the market to "get its act together" to help Britain's over-55's release £2 trillion of assets that could better fund their retirement. After announcing results JRP said it was "truly proud of", shares in the FTSE 250 leapt over six per cent in early trading. The figures [...]
BT and Ofcom’s Openreach deal: Here’s how City analysts, competitors and consumer groups reacted March 10, 2017 BT and telecoms regulator Ofcom this morning announced that they'd settled their differences over the future of Openreach, the company that owns the majority of Britain's telecoms infrastructure. It's been a long road for both parties, and it did appear that Ofcom was going to be forced into going to European authorities to force through [...]
BT share price rises as it agrees solution with Ofcom after “long and challenging” debate over the future of Openreach March 10, 2017 Shares in BT were up more than three per cent as the market opened, after it emerged it will retain control of broadband provider Openreach, although the company will be carved out. Watchdog Ofcom announced this morning the "biggest reform of Openreach in its history is set to conclude" after the FTSE 100 firm met [...]
South Korean president Park Geun-hye has been forced from power following corruption allegations March 10, 2017 South Korean president Park Geun-hye has been formally removed from office in a unanimous vote by constitutional judges. Park's ousting, the first for a democratically elected South Korean president, sparked angry scenes outside the courtroom with two of people killed in clashes with police, according to the local Yonhap news agency. Read more: Samsung accused of bribing South Korea’s president The [...]
Lego reveals ambition to make toys for millions more children around the world March 9, 2017 Lego, the world's largest toymaker, said today it had generated the highest revenue in its 85-year history despite a soft European market. The figures Revenue rose by 6.0 per cent to DKK 37.9bn (£4.4bn), rising by 5.5 per cent on a constant currency basis. Operating profit for 2016 was DKK12.4bn compared with DKK 12.2bn in 2015. [...]
