Vodafone takes crown once more as UK’s most valuable brand September 29, 2022 Vodafone has been named as the UK’s most valuable brand for the fifth year in a row, beating heavyweights HSBC and Shell to the top spot. The country’s top 75 brands are now collectively worth $282.9bn, up by one per cent year on year, the Kantar BrandZ Most Valuable UK Brands 2022 report has stated. [...]
£277m financing deal between Quintain and J.P. Morgan to provide new homes at Wembley Park September 28, 2022 A £277m financing deal between development company Quintain and investment bank J.P. Morgan Chase will provide 769 new homes at Wembley Park. 74 percent of Quintain’s two new residential buildings, expected to be completed by early 2025, will be ‘Build-to-Rent’. Shops, cafes, restaurants and a 7-acre park are also in the works. The largest construction [...]
French tycoon Xavier Niel snaps up Vodafone stake in merger push September 21, 2022 French billionaire Xavier Niel has snapped up a 2.5 per cent stake in Vodafone, sending the British telecom shares climbing this morning.
BT shares slump as brokers downgrade FTSE 100 firm September 6, 2022 BT shares slumped to the bottom of the FTSE 100 this morning after it received a scathing broker note about its investments. German investment bank Berenberg dropped the telecom stock from a Buy to a Hold, stating that it had underestimated the pressures on the UK firm. Brokers also reduced its price target to 190p from 220p. [...]
BT and Warner complete sports streaming mega-deal September 1, 2022 Warner Bros Discovery and BT completed its ambitious 50:50 tie-up this morning, marking a major moment for live sports coverage in the UK. The deal brings together BT Sport and Eurosport UK under roof, which the companies say will eventually merge to make one single brand. BT Sport and Eurosport UK said they will retain [...]
Starmer: ‘I refuse to join picket lines – because I want to be a Labour PM’ August 31, 2022 Keir Starmer refused to join rail strike pickets “because I want to be a Labour Prime Minister”. The Labour leader made his comments on Channel 5’s popular Jeremy Vine show, responding to callers as thousands of workers continue to bring the country to a halt with industrial action. Starmer previously told close cabinet colleagues not [...]
Junior doctors threaten ballot to strike over NHS ‘paltry’ pay August 31, 2022 The summer of discontent is set to widen to junior doctors next month, with the British Medical Association to ballot junior doctors for industrial action. The organisation held an emergency meeting this week, with its co-chairs writing to the secretary of state for health and social care, Steve Barclay, expressing their concerns about pay. The [...]
Private equity influx in rugby will not save entire club game August 31, 2022 It’s no new phenomenon to see sports clubs, which tend to be at the heart of the community they serve, face financial challenges and ultimately go under. But why is this happening in rugby when the sport has benefited from a flurry of private equity investment which is shaping the future of the oval-balled game? [...]
40,000 BT staff strike over pay: ‘We won’t have bosses use Swiss banks while workers use food banks’ August 30, 2022 Over 30,000 Openreach engineers and 10,000 BT call centre workers are staging a walkout today over pay, as the summer of strike action continues.
Business secretary clears deal for BT shares by French billionaire Patrick Drahi August 23, 2022 The acquisition of BT shares by French billionaire Patrick Drahi’s Altice has been cleared by the business secretary after a review under the National Security and Investments Act (NSIA). Drahi’s company is now set to increase its BT stake from 12 per cent to 18 per cent, after announcing the decision in December. In a [...]