BT and Vodafone among 26 EU telecoms giants in new alliance to reduce emissions August 1, 2023 BT and Vodafone have joined a European coalition of 26 telecoms giants in a new alliance to combat their emissions. The Joint Alliance for CSR (corporate social responsibility, includes the major British players BT Group and Vodafone, in addition to giants from across the European continent, such as Deutsche Telekom, and Telefónica. They recently gathered [...]
FTSE 100 close: London markets finish higher but investors cautious before BoE rate hike July 31, 2023 London’s FTSE 100 closed slightly higher this afternoon, after a tempered start to a week in which the Bank of England is expected to hike interest rates to their highest level since 2008. The capital’s premier index kicked off down 0.26 per cent, before bouncing back by close to 0.17 per cent on stronger than [...]
BT appoints first woman boss in 170-year history as Allison Kirkby to continue long-term fibre strategy July 31, 2023 BT has announced a successor for outgoing boss Philip Jansen, as Allison Kirkby, a former chief of Nordic telecoms giant Telia. The ailing British telecoms group appointed its first female boss in its 170 year history, who will take the reins from Jansen starting January 2024 “at the latest”. Jansen will continue to serve until [...]
BT: Departing Jansen’s investment in fibre and Openreach pays off with revenue jump July 27, 2023 Telecoms giant BT has today reported a notch up in revenue after continued successful roll out of their Openreach full fibre broadband. The British mobile network operator’s revenue grew to nearly £5.2m in the first quarter this year, up four per cent from the same period in 2022. This was mainly driven by revenue from [...]
Virgin Media O2 to slash 2,000 jobs as it tries to rid itself of billions in debt July 25, 2023 Virgin Media O2 has revealed plans to slash 2,000 jobs by the end of the year. The telecoms giant issued redundancy notices yesterday evening as part of their effort to streamline operations. The cuts, which include around 800 previously reported job reductions, will affect over 12 per cent of the company’s current workforce. Virgin Media [...]
TNT Sports replaces BT Sport in ‘clean slate’ – but bumps lie ahead July 18, 2023 TNT Sports will appear on the television screens of sport fanatics across the UK and Ireland from today, replacing BT Sport. It was revealed in February that BT Sport would undergo a rebrand to TNT Sports as part of a deal between the broadband giant and Warner Bros. Discovery (WBD), signed last autumn. The media [...]
BT boss Jansen pins share price slump on ‘short-term’ London investors July 16, 2023 BT's outgoing boss Philip Jansen has blamed a 'short term' outlook in London for his firm's lengthy share price slump in a defence of his tenure at the top of the telecoms giant.
Mark Kleinman: What’s next for BT and the City’s ugliest row of 2023 July 13, 2023 Mark Kleinman, City editor of Sky News, writes fortnightly for City A.M. Germans could be on the line at Jansen-less BT Hanging-up time is fast-approaching for Philip Jansen, whose plan to step down as CEO of BT Group next year – revealed by me last weekend – was confirmed on Monday. Sources have told me [...]
FuturePlus report reveals sports fans divided on sustainability issues July 11, 2023 Research released by sustainability and ESG management and reporting platform FuturePlus and comparative text analytics software company Relative Insight reveals a sharply divided fanbase when it comes to sustainability in sports, presenting a clear challenge for sporting organisations aiming to implement an effective Environmental, Social, and Governance (ESG) strategy. The research report, “Sports fans on [...]
FTSE 100 close: London index muted as interest rate fears linger July 10, 2023 London’s FTSE 100 kicked off a new week just about in the green today as a reduction in UK debt costs gave the index a reprieve from a torrid time of late. The capital’s premier index edged 0.23 per cent higher to close at 7,273.80 points, while the domestically-focused mid-cap FTSE 250, which tends to [...]