OneWeb moves satellite production to the UK injecting £2.3bn into space sector December 8, 2021 Taxpayer-backed satellite operator OneWeb has announced this afternoon that it plans to spend $3bn (£2.2bn) to move manufacturing from the US to the UK.
BT shares humbly climb amid talks of Discovery joint venture December 6, 2021 Shares were up at 170.33p this morning following weekend reports that Discovery, the US media group that owns the Eurosport channels, is in talks about a joint venture for their sports businesses with BT.
Steal the deal: Discovery in talks with BT Sports to derail sale to DAZN December 5, 2021 US media giant Discovery is in talks with BT Sports over a potential partnership deal that would derail months of talks with sports streaming service DAZN over a £600m outright sale. As talks between DAZN and the telecoms group have become mired over commercial details, Discovery has entered the mix with an alternative offer for [...]
BT launches new manifesto to ‘enact real change’ December 1, 2021 BT Group has launched a new business-wide plan to focus and accelerate its efforts to build a better business for its customers, the economy and society at large this morning.
Omicron optimism: Covid anxiety attack on the financial markets shows signs of alleviating November 29, 2021 The anxiety attack on the financial markets shows signs of alleviating, as investors pause for breath and spot signs of optimism while scientists race to establish the severity of the new variant. The FTSE 100 opened up 1 per cent in early trading, recovering some of Friday’s dramatic losses and the FTSE 250 was 1.5 [...]
BT shares fall back after India’s richest man denies takeover interest November 29, 2021 Shares in BT retreated after having rallied as much as 10 per cent in early trading, after the company owned by India’s richest man denied a media report it was eyeing a bid for the British telecoms giant. Mukesh Ambani’s Reliance Industries said: “We categorically deny any intent to bid for the UK telecoms group [...]
FTSE 100 rises again after bleak Black Friday November 29, 2021 London’s FTSE 100 has risen up slightly this morning after shedding 3.31 per cent on Friday amid the new coronavirus variant scares. The market movements come as the World Health Organisation and Coronavirus experts around the world called this morning for countries to drop travel restrictions and end mass hysteria – and instead be cautiously [...]
BT unveils new Aldgate-based global headquarters November 26, 2021 BT has opened its new global headquarters in Aldgate, after shifting its base from St Paul’s. The One Braham site already has nearly all 3,500 colleagues working from the capital-based HQ. The move formed part of the telecoms giant’s plans to upgrade its branches, which is set to be completed in 2024. “We’re really excited [...]
BT broadband rivals bite back against watchdog decision to allow price slash November 21, 2021 BT’s broadband competitors plan to take on Ofcom after it gave the provider a green light to cut prices by £2.4bn.
Buoyant mining stocks boost FTSE 100 November 19, 2021 A rally among mining stocks boosted London’s premier FTSE 100 index this morning. The capital’s premier index added 0.23 per cent to reach 7,272.35 points, while the mid-cap FTSE 250 index edged back 0.08 per cent to 23,556.93 points. A rally among mining stocks boosted London’s premier FTSE 100 index this morning. The capital’s premier [...]