Why Virgin Media O2 is cutting jobs and retreating from fibre Telecoms Virgin Media O2’s decision to cut thousands of jobs and halt further fibre upgrades marks quite the retreat for a company once positioned as BT’s biggest challenger, writes Saskia Koopman. Five years after Virgin Media and O2 merged to create a £31bn telecoms giant, VMO2 is battling falling revenues, ongoing customer losses and over £22bn [...]
Organigram to Acquire Aurora and Establish a Global Cannabis Leader Business Wire Organigram to acquire Aurora for C$7.80 per Aurora Common Share; Aurora shareholders will have the option to receive such Consideration in cash, Organigram shares or a combination of both, subject to proration. Transaction provides Aurora shareholders with certainty of value, meaningful immediate liquidity and participation in the combined entity Offer represents a 93% premium to Aurora’s Unaffected Share Price on August 10, 20261 and a 21% premium to the implied value of the unsolicited Curaleaf Hostile Bid as of November 2, 20262, unanimously rejected by Aurora’s Board of Directors Organigram shareholders to participate alongside Aurora shareholders in a company with greater scale, enhanced supply chain certainty, global footprint and diversification The combined company will own and operate five EU-GMP certified production and distribution facilities and bring world-class innovation to existing and new markets to meet international demand and support global market share expansion This Transaction has unanimous support of both Organigram and Aurora Boards of Directors; Organigram’s and Aurora’s directors and senior officers and Organigram’s significant shareholder have each entered into voting support agreements More information available at www.OrganigramXAurora.com and www.VoteYesAurora.com
Virgin Media O2 confirms thousands of UK job cuts in £800m cost-cutting drive Telecoms Virgin Media O2 has confirmed plans to slash thousands of jobs in the UK under a push to cut its cost base by around £800m, as it grapples with firmer competition and “paradoxical” regulation in the fibre market. The telecoms giant said around £300m of the total savings would come from cutting its 16,000-strong workforce [...]
Virgin Media O2 job cuts could save £200m but fail to ease debt crisis November 2, 2026 Virgin Media O2’s plans to axe up to 4,000 jobs could save the telecoms giant around £200m a year, but may do little to ease its mounting debt burden. The broadband provider is preparing to cut as much as a quarter of its 16,000-strong workforce as it battles fierce competition, falling revenues and concerns over [...]
CVC-backed Global Sport Group raids WBD as Allera reunites with Georgiou October 30, 2026 Global Sport Group, the vehicle for CVC’s investments in football, rugby union and tennis, has poached Andrew Georgiou from Warner Bros Discovery to be its CEO. The move sees Georgiou, who led TNT Sports’ entry into the UK as president of WBD Sports Europe, reunite with GSG chair Marc Allera, who was CEO of BT’s [...]
AI minister warned UK risks becoming ‘high-value AI customer’ October 19, 2026 Britain risks becoming a “high value AI customer” rather than developing its own tech unless ministers urgently invest in domestic firms, the government’s top science advisory body has warned. In a letter to AI minister Kanishka Narayan, the Council for Science and Technology (CST) called for a national AI sovereignty plan to reduce Britain’s reliance [...]
Starling warns UK risks being ‘second in the queue’ on AI October 15, 2026 Britain risks becoming “second in the queue” for AI unless it invests more in domestic infrastructure, a government AI adviser has warned, as Starling Bank becomes the first lender to train an AI model on a UK sovereign cloud. Harriet Rees, Starling’s chief information officer and the Treasury’s AI champion for financial services, warned that [...]
Mark Kleinman: Every Lidl helps a new era of supermarket mergers October 15, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column. Every Lidl helps a new era of supermarket mergers Every Lidl helps. For that matter, every Aldi does too. With apologies to the creators of Tesco’s famous advertising slogan, that might be the neatest way to encapsulate [...]
BT launches AI cyber defence service as UK faces growing attack threat October 13, 2026 BT is stepping up its efforts to tackle AI-powered cyber attacks through its partnership with Microsoft, as British businesses face mounting pressure to shield themselves against increasingly sophisticated threats. The telecoms giant is seeking to capitalise on growing demand for outsourced cyber security, as companies struggle to keep pace with attacks that are becoming faster [...]
FTSE 100 chief executive turnover sinks to five year low October 13, 2026 The turnover of FTSE 100 chief executives has tumbled to a five year low as companies choose to hold onto top leadership amid ongoing economic volatility. Executive churn this year is on track to fall to the second lowest level seen since 2012, according to data from AJ Bell, as boards opt for stability. Nine [...]