Openreach chief pulls out of Ofcom chair race February 1, 2022 Chairman of Openreach, BT Group's broadband infrastructure arm, has pulled out of the race to lead Ofcom according to Whitehall sources.
Virgin Media O2 owners raising fresh capital to supercharge fast fibre broadband roll out January 31, 2022 Virgin Media O2’s owners are looking to raise hundreds of millions of pounds from investors as the merged firm looks to ramp up investment into fibre broadband across the country.
Vodafone feels the pressure after activist investor Cevian builds a stake January 31, 2022 Voadafone is expected to speed up an organisational overhaul after it was revealed that a notorious activist investor had taken a stake in the firm.
Ladbrokes owner Entain to launch £40m innovation hub in London January 31, 2022 Ladbrokes and Sportingbet owner Entain will launch a £40m global innovation hub in London as it looks to accelerate its expansion into entertainment.
BT investors to find out if Omicron absences hit broadband rollout and what Patrick Drahi’s plans are January 31, 2022 BT shareholders and investors will find out this week whether the company’s full fibre broadband rollout was negatively affected by the Omicron surge over the festive period. Several companies have reported major staff shortages during the latest wave and BT may be no different. In November, BT said it had reached six million homes and [...]
Week ahead: City braces for another Bank of England rate hike January 30, 2022 All eyes will be on Threadneedle Street this week as the City braces for another rate hike from the Bank of England. The Old Lady is widely expected to lift borrowing costs again on Thursday, marking the first time the central bank has hiked rates at successive meetings since 2004. The Bank lifted rates for [...]
Westminster committee backs du Plessis as new audit watchdog chair January 28, 2022 UK law makers have endorsed the appointment of former BT boss Jan du Plessis as the new chair of the UK's audit watchdog.
BT looking to hire 600 apprentices and graduates across the UK this year January 27, 2022 British Telecom said this morning it plans to recruit more than 600 apprentices and graduates later this year. Positions will be in engineering, customer service, applied research and cyber-security. The recruits will also support the company’s plans to build and extend its 5G network around the UK. The new roles are spread across a number [...]
Youth clubs face closure as government’s digital rollout look to slash rent paid to small site-owners by 90 per cent January 25, 2022 Thousands of churches, charities, social clubs, hospitals and amateur sports clubs will be forced to accept cuts of up to 90 per cent in the rent they receive from hosting mobile phone masts under government plans to make them foot the bill for digital rollout.
Audit watchdog is ‘in poor state’, says FRC candidate for chair: ‘This is really not the way to run a regulator’ January 25, 2022 Sir Jan du Plessis, the government’s preferred candidate to head the Financial Reporting Council (FRC), has said the independent regulator is now in a “pretty poor state” due to the failures of its top level managers. Du Plessis, who has previously chaired some of Britain’s major companies including BT and Lloyds TSB, vowed to “address [...]