Hermes joins China’s sovereign wealth fund in National Grid bid October 27, 2016 Hermes Investment Management has joined a bid led by the Chinese government for a stake in the National Grid's gas pipe network. City A.M. understands that people working on the deal have become increasingly wary of government scrutiny. Theresa May's administration announced recently that it would be making reforms to its approach to "the ownership [...]
BT Group reports 35 per cent hike in revenue but earnings drop 10 per cent October 27, 2016 BT Group said today that while Brexit hasn't had any major impact on the firm, weakness in sterling was hitting its finances, as it reported a 10 per cent drop in earnings but a revenue jump of over one third for the three months to 30 September. The figures Revenue was up 35 per cent [...]
BT broadband and BT Infinity services are down across several areas of the UK October 26, 2016 BT customers have reported problems with their internet access in areas across the UK today. According to BT's status page, there are ongoing issues in several regions with both BT Infinity and BT broadband services. And internet service status monitoring website said BT had been having issues since around 12.08pm today. “A small number of [...]
Picks of the day: The three stories to read today October 26, 2016 It’s been a pretty miserable day outside, and your workload probably isn't helping the matter. To make your afternoon a bit easier – and interesting – we’ve put together the top three stories of the day in bite-sized form. Check out our three at three. Unicorn drawn cabs are taking commuters to work. Ever wanted [...]
BT’s giving London’s phone boxes a revamp and they’ve got free Wi-Fi October 26, 2016 BT’s made a rather bold decision – it’s giving London’s phone boxes a makeover. The telecoms group has announced plans to replace the traditional boxes with kiosks called Links, in a new service LinkUK, offering free calls to UK landline and mobile phones, free Wi-Fi access and charging facilities. Hundreds of users within range of [...]
Intu reports increase in footfall and says impact of BHS closure has been offset by new lettings in 2016 October 25, 2016 Shopping centre owner Intu reported today that footfall at its UK businesses had increased during the three months to 1 October – and said the impact of the recent closure of BHS stores around the country had been more than offset by new lettings in the year. Intu, which announced today that it is to sell [...]
The FA to receive huge $1bn boost after negotiating bumper new TV deal for the FA Cup October 22, 2016 The Football Association has secured a $1bn (£820m) boost to their coffers after agreeing a lucrative six-year TV rights deal for the FA Cup. An announcement will be made next week revealing the sale of international TV rights to sports marketing agencies Pitch International and IMG from the 2018/19 season. Pitch International have negotiated a $300m deal for EMEA [...]
Sky’s finally launching its mobile service October 20, 2016 Sky is finally launching its mobile service nearly two years after it first signed a deal with Telefonica to use its O2 network capacity. Customers will be able to pre-register for the service from 31 October and the media company will reveal further details of the service at its investor event today. Sky has taken some [...]
BT comes under pressure from digital minister October 19, 2016 The minister for digital policy has said the government is committed to improving competition in the UK broadband market as watchdog Ofcom weighs the case for breaking up BT. Minister of state for digital and culture Matt Hancock said the government wanted to ensure “a fair market in which all providers can compete for business”. The [...]
Twitter fires its new head of VR… in the same week it hired him October 19, 2016 Twitter is ploughing on into the world of virtual reality, though it faced a small setback today after announcing it had fired its new head of VR (roughly 48 hours after he started his new job). A Silicon Valley tech entrepreneur, Gregory Gopman, had joined the struggling social network to work on a nascent team charged with [...]