Talk Talk to move London HQ to Salford as it launches plan for full-fibre broadband rollout November 21, 2018 Talk Talk has said it will be moving its headquarters to Salford next year, taking "the vast majority of London roles" with it as it announced rising profits and plans to roll out full-fibre broadband across the UK. As the telecoms giant ramps up cost efficiency plans, Talk Talk said it believes the move to be "crucial" to aligning [...]
London-listed broadband firm Kcom sees shares crash after profit warning November 20, 2018 London-listed telecoms company Kcom lost a third of its value this morning after it said its trading performance for the current financial year was “weaker than originally expected”. Shares plunged 35 per cent from 91.8p last night to 59.5p shortly before noon. Kcom is a Hull-headquartered telecoms and broadband provider which focuses on providing services [...]
Talktalk stalls on £1.5bn deal to roll out full-fibre internet to UK homes November 7, 2018 British telecoms network Talktalk has put discussions with Prudential-owned investment vehicle Infracapital on hold amid a valuation dispute on a £1.5bn deal to roll out full-fibre broadband to millions of homes across the country. Sky News reported tonight that the two parties have reached an impasse on the joint venture, which was announced in February. [...]
EE’s first 5G trials go live in new locations across these east London hotspots November 7, 2018 Mobile network provider EE, has today switched on nine trial sites for 5G technology across east London, in addition to an existing test site in Canary Wharf. These include spots such as Provost Street, City Road, Central Street, Old Street, Cheapside, St Paul's, Finsbury Circus, Clerkenwell Street and Bartholomew Square. EE, which is owned by [...]
British business leaders demand ‘people’s vote’ on Brexit deal November 4, 2018 Over 70 City grandees including the former chairmen of Lloyd’s of London and Standard Chartered have joined calls for a “people’s vote” on the final Brexit deal between the UK and the European Union. Ahead of the launch of ‘Business for a People’s Vote’, a new campaign group, the group warned in a letter published [...]
Editor’s Notes: Business chiefs can do great things in politics, but what about the pay cut? November 2, 2018 Foreign secretary Jeremy Hunt has raised the prospect of senior business figures giving up the boardroom and joining the Foreign Office in the service of their country. When I asked a former senior diplomat, with an alphabet of letters after his name, what he made of this proposal he slapped his hands on his head [...]
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 [...]