FTSE 100’s best and worst performers in 2019 so far July 10, 2019 By Graeme Evans from interactive investor. The blue-chip index jumped over 10 per cent in the first half of this year, but which one surged 68 per cent? It’s been a year of widespread and significant gains in the FTSE 100 index, with blue-chip stocks surging by as much as 68 per cent during the first half of 2019. [...]
Labour will split up Treasury and move half north, vows John McDonnell July 7, 2019 John McDonnell would break up the Treasury and move a large chunk of it to the north of England if Labour came to power, the shadow chancellor confirmed today. Read more: John McDonnell dismisses claims of civil war at top of Labour He said on the BBC’s Andrew Marr show that locating decision-makers and administrators [...]
Labour plays down BT renationalisation rumour July 2, 2019 Labour played down rumours yesterday it was looking to renationalise BT in a move that would cost around £30 billion. It was reported that advisers to Labour leader Jeremy Corbyn were considering a plan drawn up by the Communications Workers’ Union to bring the company back into public ownership. Labour’s shadow chancellor John McDonnell poured [...]
City Moves for 1 July – Who’s switching jobs at BT, Apex Airspace and Lewis Silkin? July 1, 2019 Today’s City Moves includes BT, Apex Airspace and Lewis Silkin. BT BT Group has announced that Leena Nair will be joining as a non-executive director and as a member of the Remuneration Committee, the Nominations Committee and the Digital Impact & Sustainability Committee. Leena is joining BT from Unilever, where she has been chief human resources [...]
Ofcom gets the green light for new Openreach broadband regulation June 28, 2019 Ofcom has been given the green light to develop new regulation that will give telecoms firms more access to Openreach’s network in a bid to speed up the rollout of full-fibre broadband. The regulator today said it has received approval from the European Commission to press ahead with its scheme, which is designed to boost [...]
Orange raises £486m from sale of stake in BT June 28, 2019 French telecoms firm Orange today said it has raised £486m from the sale of its remaining 2.5 per cent stake in BT. Read more: BT in talks with ITV over Britbox investment BT snapped up roughly 41m of Orange’s 248m shares, which were put up for sale last night in a private placement. Shares in [...]
MLB London Series: Baseball sending big-hitters Boston Red Sox and New York Yankees to woo UK audience June 23, 2019 Almost 70 years after Glasgow-born Bobby Thomson hit baseball’s Shot Heard ‘Round the World, the echo has finally reached London. This weekend, Major League Baseball will join its cousins from the NFL and NBA in offering British fans the opportunity to see regular season games live on their own turf. Given the New York Giants [...]
Cityfibre chooses cable manufacturer Prysmian for full-fibre rollout June 13, 2019 British broadband operator Cityfibre has tapped telecoms cable giant Prysmian to supply equipment for its full-fibre network. Read more: Cityfibre secures £112bn debt package to fund UK full-fibre rollout The Milan-headquartered company, which is the world’s largest cable manufacturer by revenue, will supply optical cable for both underground and aerial application in an initial two-year [...]
E3 2019: The biggest games, trailers and announcements June 12, 2019 Watch Dogs Legion British politics has now well and truly seeped into the cultural groundwater. According to the game’s French publisher Ubisoft, the latest entry in the Watch Dogs series is set in a dystopian vision of “post-Brexit” London. The Grand Theft Auto-alike allows you to freely drive and roam around a near-future version of [...]
Outsourcer Interserve went into administration owing more than £100m to creditors June 10, 2019 Interserve owed more than £100m to firms including accountants, local authorities and IT suppliers when it went into administration in March. The outsourcer owed its unsecured creditors £50.5m, while its secured creditors were due £55.4m, according to documents filed with Companies House. Read more: Interserve kicked off government’s late payments scheme Among the biggest losers [...]