Theresa May continues to woo business groups with new forum to hear industry concerns November 1, 2018 Theresa May’s attempts to woo the business world has gone up another notch with the creation of a special forum for boardroom leaders and government ministers. The new initiative will see bosses from companies including Rolls-Royce Holdings, BT Group and ITV meet with the Prime Minister and senior cabinet figures twice a year to discuss key [...]
BT shares drive upwards as it improves guidance after boosting profits November 1, 2018 BT shares pushed upwards this morning as it reported a rise in profits. The figures BT posted a two per cent rise in earnings to £3.7bn in the first half of the year and a 24 per cent year-on year increase to profits before tax to £1.3bn, boosting shares by over nine per cent this [...]
Overseas matches, disruptive broadcast deals and a global network of delegates: how La Liga is trying to close the gap to the Premier League October 25, 2018 You may have noticed Spanish football in the headlines lately – and not only because this weekend sees the latest instalment of its biggest game, El Clasico, between Barcelona and Real Madrid. La Liga, the organisation that represents Barca, Madrid and the other 40 clubs that make up Spain’s top two divisions, and their straight-talking [...]
BT names Worldpay chief Philip Jansen as its new CEO October 25, 2018 BT has announced Worldpay’s Philip Jansen as its new chief executive, joining the telecom giant early next year after current boss Gavin Patterson steps down. Jansen, who has led payments services company Worldpay for five years as co-chief executive, will be paid a £1.1m salary as well as an annual bonus of up to 240 [...]
FTSE 100 falls to seven-month low amid Europe-wide sell-off of stocks October 23, 2018 The FTSE 100 fell to a seven-month low this morning as a Europe-wide sell-off of stocks saw shares drop 1.1 per cent. The index opened below the 7,000 mark today as investors were rattled by world events including Italy’s expansionary budget, Brexit, Saudi oil prices and a poor run of third quarter results this morning. It [...]
BT pension scheme appoints Now Pensions founder Morten Nilsson as chief exec October 9, 2018 The BT Pension Scheme today appointed the founder of Now Pensions Morten Nilsson as its new chief executive. BT Pension Scheme Management (BTPS) said Nilsson will take up the role immediately and report to the firm's chairman of the board of trustees, Paul Spencer. The telecoms giant's pension is one of the largest defined benefit [...]
EE switches on UK’s first live 5G trial site at Canary Wharf October 5, 2018 Mobile operator EE will today bring 5G to the UK for the first time as it turns on its first trial site in Canary Wharf. Though a number of major telcos have announced plans for trials in London and across the UK, this is the first time a site has gone live for the general [...]
Ofcom to investigate EE and Vodafone over network coverage claims October 2, 2018 Ofcom has launched investigations into Vodafone and EE over claims the mobile phone giants provided inaccurate information about their data coverage in rural areas. The regulator said EE, owned by BT Group, may have over-predicted its 3G coverage in rural areas and opened an investigation into the mobile operator. Ofcom said it had also identified [...]
PwC global chair says firm ‘cannot rest on laurels’ as global revenues pass $40bn October 2, 2018 The global chairman of PricewaterhouseCoopers (PwC) has said audit remains “at the heart of what we do”, after global revenues at the professional services giant rose above $40bn (£30.66bn) for the first time despite a series of accounting scandals. Total revenue across PwC’s international network of firms hit $41.3bn, a seven per cent rise in [...]
BT transfers 31,000 staff to Openreach in ‘final major milestone’ of separation October 1, 2018 BT today confirmed it had transferred 31,000 employees to infrastructure arm Openreach in what it says is the "final major milestone" in the legal separation of the two organisations. The move is believed to be the largest ever one-off people transfer in UK corporate history. BT also announced its Northern Ireland division has been rebranded as [...]