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 [...]
City Moves for 28 September 2018 – who’s switching jobs at Dynamic Planner, Agilitas and Fladgate? September 28, 2018 Today's City Moves covers risk modelling, private equity and legal eagles. Take a look at these movers and shakers: Dynamic Planner Dynamic Planner has appointed Abhimanyu Chatterjee as its new head of asset and risk modelling. Abhi will head up Dynamic Planner’s asset and risk modelling team reporting to new proposition director Chris Jones, [...]
Worldpay boss rumoured to be in the hiring line for BT Group September 22, 2018 Britain’s largest telecoms company BT Group is in advanced talks to appoint Worldpay’s outgoing joint chief executive Philip Jansen as its new boss, according to Sky News. Jansen is believed to be the preferred candidate for the role, which opened up in June after BT’s boss Gavin Patterson revealed he would stepping down towards the [...]
No smoke without fire in BAT boardroom, Vereker charms the CBI and Nationwide’s 10x deal September 21, 2018 No prizes for guessing what the directors of British American Tobacco (BAT) are smoking – it’s all about next-generation products these days. Still, the owner of Lucky Strike and Dunhill believes there’s enough life in its core portfolio to sound an optimistic note about the future of the business under its next chief executive. Like [...]
No smoke without fire in BAT boardroom, Vereker charms the CBI and Nationwide’s 10x deal September 21, 2018 No prizes for guessing what the directors of British American Tobacco (BAT) are smoking – it’s all about next-generation products these days. Still, the owner of Lucky Strike and Dunhill believes there’s enough life in its core portfolio to sound an optimistic note about the future of the business under its next chief executive. Like [...]