Week ahead: City eyes new economy figures and Bank governor Bailey comments July 10, 2022 The City will turn its gaze to fresh GDP figures published this week for signs that the UK is already in the teeth of a recession in a busy week of data announcements. London’s premier FTSE 100 index shook off the turmoil in Downing Street to climb 0.38 per cent and finish the week at [...]
‘A win for all parties’: BT and Amazon to share Champions League rights under new £1.5bn deal July 1, 2022 Amazon will split the rights to the Champions League with BT for the 2024-27 cycle, a period which marks the start of a new format for UEFA’s men’s European club competitions. It means Amazon has secured live UK rights to the Champions League for the first time, spelling danger for broadcasters who have already felt [...]
‘Enough is enough’: BT workers vote in favour of industrial action as nationwide action on the cards June 30, 2022 The majority of BT union members have voted in favour of industrial action, paving the way for nationwide disruption and representing the FTSE 100 firm’s first company-wide call for strike action in 35 years across s BT and Openreach. Call centre workers voted for the first national call centre strike in British history, including 30,000 [...]
Telecom giants agree new cost of living plan amid rocketing prices June 27, 2022 The UK’s biggest broadband and mobile operators have agreed to a raft of new commitments to further help customers with the rising cost of living following a government-led summit at No 10 Downing Street.
BT rushes to deny claims that call centre staff have launched foodbank to help them through cost-of-living crisis June 24, 2022 Telecoms giant British Telecom denied this morning a union’s claims that call centre staff have set up a foodbank to help them during the cost-of-living crisis. buThe Tyneside CommunitEE pantry was set up by staff at EE – owned by BT – and offered cupboard staples such as pasta, cereal and oats, as well as [...]
FA director Baroness Sue Campbell on applying lessons from women’s game to disability football June 23, 2022 As Baroness Sue Campbell surveys the task ahead of her in disability football, she sees parallels with the job she took on when she joined the Football Association. “I came to the FA six years ago to put together a strategy to lead the women’s game and there are many, many similarities,” Campbell tells City [...]
Boohoo poaches Trainline CFO weeks after retailer saw first-ever sales drop June 23, 2022 Boohoo has poached Trainline’s former finance lead as its new chief financial officer (CFO), just weeks after the retailer posted its first-ever sales drop. It comes amid a turbulent period for fast fashion brands. Rival retailer Missguided collapsed in late May, after being hammered by spiralling supply chain costs. Shaun McCabe, who has sat on [...]
Dorries set to meet with telecom giants to talk about cost of living strategy June 21, 2022 Culture Secretary Nadine Dorries has called on Britain’s biggest telcos firms to discuss the cost of living crisis. According to reports by Mark Kleinman for Sky News, BT Group and Vodafone have been invited to discussions with Dorries. A Whitehall source told the publication that the minister would be challenging the companies on how they [...]
Legal challenge over retail price index changes could cost taxpayer $40bn, analysts warn June 21, 2022 The government could be forced to fork out as much as £40bn in compensation if a legal challenge launched today over the Treasury’s move to recalculate retail prices succeeds, analysts have warned.
London markets kick off new week in positive fashion June 20, 2022 London’s top indexes kicked off the new trading week in positive fashion today, continuing a trend of wild swings on global markets. The capital’s premier index surged 1.5 per cent to close at 7,121.81 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.45 [...]