VodafoneThree raises cost-cutting target to £1bn after merger Tech Vodafone has hiked its UK cost-saving target to £1bn a year as the telecoms giant looks to boost profits following its merger with Three. The FTSE 100 company said on Thursday it now expects VodafoneThree to deliver £1bn in annual savings by 2032, up from its previous target of £700m by 2030. The upgraded target [...]
As it happened: FTSE 100 jumps as oil price eases after crude exports rise FTSE 100 Live Welcome back to City AM‘s FTSE 100 liveblog. The oil market is getting some relief as crude exports recover but the price of a barrel is stubbornly holding over the $100 mark. Brent crude – the international benchmark for oil prices – traded near $100 per barrel on Tuesday morning after declining in the previous session. It [...]
KBRA Assigns Preliminary Ratings to Anchor ABS 2026-1 PLC Business Wire KBRA UK (KBRA) assigns preliminary ratings to seven classes of notes to be issued by Anchor ABS 2026-1 PLC (Anchor 2026-1), a UK consumer loan ABS backed by a static pool of unsecured, fixed rate, fully amortising personal loans originated by Admiral Financial Services Limited (AFSL). Initial credit enhancement is provided through subordination of junior [...]
How Talktalk went from taking on BT to being rescued by it October 5, 2026 TalkTalk was founded to take on BT, slash the price of broadband and shake up a market dominated by a handful of incumbents. But more than two decades later, the challenger has ended up in the arms of the company it was built to challenge. BT stepped in on Monday to buy Talktalk and its [...]
Virgin Media takes aim at ‘stitch up’ BT rescue of Talktalk October 5, 2026 Virgin Media has hit out at BT’s rescue of Talktalk as a “stitch up”, warning the deal could further strengthen its rival’s grip on Britain’s broadband market. BT agreed on Monday to acquire debt-laden Talktalk and its wholesale arm PlatformX Communications out of administration, safeguarding services for 1.5 million retail customers and one million wholesale [...]
Government intervenes as BT inks deal to rescue embattled Talktalk October 5, 2026 Broadband giant BT has agreed to snap up embattled telecommunications firm Talktalk in a move that has prompted the government to weigh in. The FTSE 100 group said on Monday it had acquired Talktalk and its wholesale arm PlatformX Communications (PXC) out of administration on a debt-free basis. The deal, for an undisclosed sum, is [...]
As it happened: Oil stockpiles ‘scarily thin’; BT jumps on TalkTalk rescue deal October 5, 2026 Welcome back to City AM‘s FTSE 100 liveblog. Markets are hoping to claw back some of last week’s losses to kick off the week after a global bond rout set ripples through the world’s top exchanges. The FTSE 100 is gaining on Monday, reversing some of its losses from Friday. This morning, Brent crude – the international [...]
KBRA Assigns Preliminary Ratings for RRE 11 Loan Management DAC (Reset) October 2, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of refinancing Notes issued by RRE 11 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 11 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the “collateral [...]
San Francisco tech firm expands London footprint with new City office September 30, 2026 US design software group Figma has expanded its London headquarters as it looks to double down on its growth in Britain, where firms created more than 15 million files on its platform over the past year. The New York listed tech firm has moved into an office at Elder Yard in Norton Foldgate, near Liverpool [...]
Openreach eyes further fibre discounts after Ofcom blocks price cut September 28, 2026 Openreach is considering further targeted fibre discounts over the next five years after Ofcom blocked its most aggressive attempt to cut wholesale prices, the BT-owned network told City AM. The broadband giant said it remained open to competition in different parts of the country after the regulator approved a separate £50 rebate for new full-fibre [...]