City reacts with shock to Labour’s plans to part-nationalise BT November 14, 2019 The City reacted with shock tonight to Labour’s plans to part-nationalise FTSE 100 giant BT and promise free full-fibre broadband for every UK household. Labour unveiled the new £20bn policy late last night and said it would pay for its plan by levying a tax on tech giants such as Amazon, Google and Facebook. Chief [...]
Former Man Group president Jonathan Sorrell to join Capstone November 12, 2019 The former president of FTSE 250-listed hedge fund Man Group Jonathan Sorrell is joining hedge fund Capstone. Sorrell, son of former WPP boss Sir Martin Sorrell, stepped down as an executive director of Man Group in September. He had been at Man Group since 2011 when he joined as chief financial officer. Previously, he had [...]
Vodafone threatens to withdraw from India amid dispute over taxes November 12, 2019 Vodafone has warned it may pull out of India unless the government grants it a series of remedies, after a court ruling in the country dragged the firm to a €1.9bn (£1.6bn) half-year loss. Chief executive Nick Read today said the firm was in a “critical” situation in the country amid a fierce battle with [...]
Vodafone improves guidance but lowers dividend after €1.9bn loss November 12, 2019 Vodafone hiked its full-year earnings guidance today as organic earnings rose 1.4 per cent in its second quarter, but the telco fell to a loss of almost €1.9bn in its latest half-year results. Read more: BT shares fall as Virgin Media decides to ditch BT mobile for Vodafone network The figures Vodafone fell to a [...]
Vodafone expands full-fibre network with Openreach deal November 11, 2019 Vodafone is set to expand its full-fibre broadband network to three new UK cities after signing a new commercial deal with Openreach. Customers of the telecoms firm will be able to access the superfast network in Birmingham, Bristol and Liverpool from spring 2020, taking its total reach to 15 UK towns and cities. Read more: [...]
Keep an eye on these shares during General Election November 8, 2019 The UK is holding a general election on 12 December. All the political parties are keen to return discussion to domestic policies after years of neglect because of Brexit, but the UK’s proposed departure from the EU will continue to dominate the debate. Still, whichever party wins (or parties, if it results in a hung parliament) [...]
BT shares fall as Virgin Media ditches telco for Vodafone network November 6, 2019 Virgin Media is leaving BT’s mobile network for rival Vodafone from late 2021, in a five-year deal that will give its customers access to new services including 5G. Under the deal, Vodafone will supply wholesale mobile services including voice and data to over three million Virgin Mobile and Virgin Media Business customers until 2026. Read [...]
O2 steps into 5G driverless car testing in London as it grows mobile customer base November 5, 2019 O2 will have a hand in an ambitious project to trial driverless cars on London roads, using its 5G network to help test the vehicles in Greenwich. The mobile phone network, which this morning announced it had hit 34m customers following its 5G rollout last month, said using the technology on the roads could reduce [...]
Galliford Try joins the Winters of discontent October 31, 2019 Standard Chartered, Lloyds Banking Group, Aviva and BT Group: even the Investment Association (IA) must have been surprised by the rich seam of targets it uncovered when it launched a campaign to curb the lavish pension perks enjoyed by the chief executives of listed companies. A quarter of FTSE 100 bosses have seen their pension [...]
Why the Rugby World Cup could force up player wages and bring legal challenges to the sport’s salary cap October 31, 2019 When Japan and South Korea hosted football’s World Cup in 2002, it precipitated a significant increase in Asian investment in the sport. Takeovers of high-profile European clubs followed, as did multi-million pound Asia-only sponsorship deals with star players. With the first Rugby World Cup to be held in Asia about to conclude, this milestone could [...]