FTSE 100 and US stocks climb as investors regain poise September 9, 2020 The FTSE 100 and US stocks have risen after a bloodbath on global markets yesterday saw big tech names plunge. London’s blue-chip index rose 1.3 per cent to 6,009 points in afternoon trading. The FTSE 250 – the 100’s little brother – fell 0.2 per cent, however. Read more: Tesla shares set for worst day [...]
Adobe rival Figma sets up international base in London September 7, 2020 Silicon Valley software starlet Figma has selected London as the site of its new international headquarters, opting to go ahead with the move despite the increase in remote working. London will be Figma’s new base for the Europe, Middle East and Africa (EMEA) region, currently playing host to a staff of 14 working from home. [...]
Exclusive: Sky to open first retail stores as it takes on high street rivals August 28, 2020 Sky is set to open its first ever brick-and-mortar retail stores in the UK as the broadcaster and telecoms giant defies faltering footfall to turn up the heat on its rivals. The media group is poised to open its first outlets in the coming months, providing a physical point of sale for its mobile, TV [...]
FTSE 100 and US stocks soar on coronavirus treatment hopes August 24, 2020 The FTSE 100 jumped and US stocks hit fresh highs after the US authorised a new coronavirus treatment, lifting the mood among global investors. London’s blue-chip index rose 1.7 per cent to close at 6,104 points. The FTSE 250 index of mid-cap firms rose 0.6 per cent. Read more: Asian stocks climb after Wall Street [...]
BT shares jump as it ramps up defences against potential takeover August 24, 2020 Shares in BT jumped this morning following reports that the telecoms giant has ramped up its defences against a potential £15bn takeover. BT’s share price increased more than five per cent this morning after the firm took steps to strengthen its defences after its stock slumped to the lowest level in a decade. Sky News [...]
BT steps up takeover defence after share price halves August 23, 2020 Bosses at telecoms giant BT have taken steps to bolster its defences against a potential takeover after a plunge in its share price. According to Sky News, the firm, which is now valued at £10.1bn, has told Goldman Sachs to update its strategy for defending BT from such a move. The plans may also involve [...]
Talktalk worst performing broadband provider for customer satisfaction August 21, 2020 Talktalk was the worst performing broadband provider for customer satisfaction last year, according to the latest research by the UK telecoms watchdog. A survey by regulator Ofcom found that overall satisfaction levels among Talktalk customers were lower than average, with an approval rating of 78 per cent. Customers were also less satisfied than average with [...]
BT blames coronavirus as profit and revenue shrink July 31, 2020 Coronavirus blunted profit and revenue at BT in the three months of lockdown to the end of June, the UK telco said today. The figures Revenue shrank seven per cent to £5.24bn, primarily due to the economic fallout of coronavirus. And profit before tax fell 13 per cent year on year to hit £561m as [...]
Saudi Arabian takeover of Newcastle United off as bid withdrawn July 30, 2020 The Saudi Arabia-backed bid to takeover Newcastle United football club has been withdrawn this afternoon. A consortium made up of the Gulf state’s Public Investment Fund, PCP Capital Partners and the Reuben brothers had reportedly made a £300m bid to businessman Mike Ashley for the Premier League team. In a statement, the group said: “With [...]
Openreach to deliver fibre to 3.2m extra homes as it slams government inaction July 29, 2020 BT’s infrastructure arm Openreach has pledged to extend its fibre service to 3.2m extra homes by 2025, as it said the government was “running out of time” to meet its connectivity targets. Openreach today unveiled plans to bring full-fibre broadband to the UK’s “hard-to-reach” areas, as part of BT’s £12bn plan to connect more than [...]