Boris Johnson set to unveil £5bn full-fibre broadband boost September 29, 2019 Boris Johnson is said to be preparing a subsidy of up to £5bn in a much-needed boost for his plans to roll out full-fibre broadband across the UK by 2025. The Prime Minister could unveil the fresh funding at the Conservative Party Conference in Manchester this week, the Sunday Telegraph reported, citing industry and Westminster [...]
Broadband firms pledge to cut prices after Ofcom review September 25, 2019 Major UK broadband providers have pledged to cut prices for out-of-contract customers after Ofcom carried out a review into the market. Sky, BT and Talktalk have all agreed to allow customers whose initial contracts have ended to get the same deals as new customers when they renew their contracts. Read more: BT leads push for [...]
Sterling rises as Supreme Court scuppers Boris Johnson’s Brexit plans September 24, 2019 Sterling has risen around half a cent against the dollar after the Supreme Court ruled that Prime Minister Boris Johnson’s move to prorogue parliament was unlawful. GBP rose to $1.2487 after Lady Hale announced the 11 justices’ unanimous decision that “parliament is not prorogued”. Read more: Bercow recalls MPs as Supreme Court rules parliament suspension [...]
BT lines up Champions League bid as it looks to retain lucrative rights September 22, 2019 BT is gearing up to defend its control of Champions League TV rights as the telecoms giant cashes in on price rises in its broadcast division. BT Sport paid £1.2bn in 2017 to secure exclusive rights to Champions League and Europa League matches for three seasons, cementing its control of European football coverage. Read more: [...]
Travelex fraudster who stole £70,000 faces sentencing September 19, 2019 A Travelex employee who stole more than £70,000 from one of the firm’s currency exchange bureaus will today be sentenced for fraud. Dubravko Kuftinec, 52, fraudulently stole £72,186 from Travelex’s Fleet Street branch inside the Goldman Sachs building. Read more: BT’s Italian accounting fraud linked to London, investigation reveals He had been working at the [...]
BT Group ‘leads push for timetable’ on Britain’s big broadband switch September 18, 2019 BT Group and other broadband infrastructure firms are said to be holding talks with the government about a timetable for switching off copper broadband services. In a move that would echo the switch-off of analogue TV signal in 2012, BT is reportedly spearheading the initiative, which has been under discussion with other firms, regulators and [...]
Sky and Channel 4 sign advertising deal as streaming threat looms large September 17, 2019 Channel 4 has signed a deal to use Sky’s advertising technology as the broadcasters strengthen ties amid growing competition from streaming rivals. The two companies today announced a multi-year deal that will see Channel 4 use Sky’s Adsmart platform to deliver targeted ads on its linear channels. Read more: Ofcom clears Channel 4 News over [...]
City Fibre ‘set to announce former National Grid CEO as new boss’ September 16, 2019 City Fibre, the ultrafast broadband network which is competing to become the biggest UK rival to BT, is said to be gearing up to announce the former chief executive of National Grid as its new chairman. Steve Holliday, who was well-thought-of by investors while at the helm of the energy infrastructure firm, has reportedly agreed [...]
Can you Brexit-proof your investment portfolio? September 16, 2019 The future of Brexit is unknown, but investors and traders need to be proactive if they are to avoid any sudden shocks. Here’s how you might Brexit-proof your investment portfolio. The UK hasn’t left the EU yet, but Brexit is already wielding its influence over the financial markets. For the past three years, investors and traders [...]
Lord Livingston to step down as chair of Man Group September 16, 2019 Man Group confirmed today that its chair is to step down, making way for the ex-boss of Deutsche Bank as part of the latest boardroom shake-up inside the world’s largest listed hedge fund. Former BT boss Lord Livingston of Parkhead is to resign as chair of the FTSE 250 firm at the end of this [...]