Vodafone shares slump as it ups cost savings and slashes earnings November 15, 2022 Vodafone shares are on track to hit their lowest point since 1997 this afternoon, paving the way for things to go from bad to worse for the FTSE 100 firm. Not only did the telecoms giant slash its forecasts for the coming year, but it also announced a new cost savings target of over €1bn [...]
Workers at Jaffa Cake bars factory threaten ‘permanent strike’ over pay November 14, 2022 MORE than 750 workers at the Jaffa Cake bars factory have threatened to stage a permanent walkout over pay until bosses agree to get back to the negotiation table. Staff at the Aintree plant – who also make Jacobs Cream Crackers and Twiglets – have been taking limited industrial action since September over cost of [...]
FTX files for bankruptcy as Sam Bankman-Fried resigns November 11, 2022 FTX founder Sam Bankman-Fried has resigned his position as CEO of FTX, and filed for Chapter 11 Bankruptcy.
BT hikes cost savings target as profits dip amid inflation and strike action November 3, 2022 BT confirmed it would be upping its cost savings target from by £500m this morning, as the UK’s biggest telecoms firm fends off inflationary pressure. In its half year results, the FTSE 100 company said profit before tax hit £800m, down 18 per cent on the previous year. Although revenue climbed a humble one per [...]
BT strikes likely to continue until next April says insider October 24, 2022 BT and Openreach strikes over pay are likely to continue well into next year, says union insider. This could mean that the Communication Workers Union (CWU), which represents around 40,000 BT workers, could cause disruption across 999 call centres and Openreach engineer services until next April — spelling danger for a winter of potential blackouts and [...]
Shetland Islands cut off from all phones and internet: ‘Very limited contact’ October 20, 2022 Reports are coming in that the Shetland Islands are currently completely cut off from any phone or internet communication. Residents of the islands are left without a connection due to a break in the subsea cable connecting their homes to mainland Scotland. The cause of the damage has not yet been confirmed. Operator BT said [...]
Govt gives telecom giants extended deadline to boot Huawei out October 13, 2022 The government has extended the deadline for telecom giants to boot Huawei from its 5G network after concerns that it could cause major disruption. The timeframe for the likes of BT’s Openreach and Vodafone to remove Huawei equipment and services in core networks was moved 11 months from January 2023 to December. Telecoms and broadband [...]
Former Liverpool FC CEO says live sports needs to up its game to keep Gen Z’s attention October 11, 2022 Peter Moore knows a thing or two about making sport work as a business. After all, his time as the boss at videogame developer EA Sports coincided with the boom in online sports competition that still continues today. And his time running Liverpool FC saw the club win the Champions League and the Premier League, [...]
999 call handlers to strike on Thursday over BT pay row October 4, 2022 999 emergency call handlers are set to walk out for the first time this Thursday as the strike over pay for BT Group workers continues. Members of the Communication Workers Union – the union for BT workers – will be walking out on Thursday 6 October, with further strikes planned for Monday 10 , Thursday 20 and [...]
Connecting? Vodafone confirms merger talks with Three UK October 3, 2022 Vodafone confirmed it was in merger talks with Three UK this morning, setting the scene to become the largest mobile telecoms supplier in Britain. The FTSE 100 firm said it was in discussions with CK Hutchison, Three’s Hong-Kong parent company, with the view of combining the two UK arms, with Vodafone owning 51 per cent [...]