BT reveals new City headquarters as it plans to move by end of 2021 July 22, 2019 BT will move its headquarters to a new site in the City following the £210m sale of its London offices last week. Read more: BT agrees £210m sale of London headquarters The telecoms firm said its new headquarters will be based in a new 320,000 square foot building near Aldgate East station at 1 Braham Street, [...]
Dividends hit record but experts warn that underlying picture is worsening July 22, 2019 A three-month period of record dividends might normally bring a smile to the face of shareholders, but a spate of huge one-off special payouts has been masking a wider market slowdown over the last quarter. Temporary boosts from a falling pound and several large special dividends pushed the total sum paid out to a record [...]
British Gas owner Centrica ‘to cut dividend and sell off oil and gas business’ July 21, 2019 Centrica is said to be planning to cut its dividend and start looking for a buyer for its oil and gas business. The British Gas owner is reportedly planning to cut its payout in a bid to keep its credit rating. It would join the likes of Vodafone, Marks & Spencer and BT in doing [...]
BT agrees £210m sale of London headquarters July 17, 2019 BT has agreed the sale of its London headquarters as it pushes ahead with a radical turnaround plan. Read more: BT may cut dividend to fund full-fibre rollout The telecoms giant today said it has sold the BT Centre, its home since 1984, to Orion Capital Managers for £209.6m. The deal for the 300,000 square [...]
Community Fibre bags £50m funding boost for London broadband rollout July 16, 2019 London-focused full-fibre broadband company Community Fibre has secured an additional £50m of funding to support its rollout in the capital. Read more: BT may cut dividend to fund full-fibre rollout Community Fibre said the backing, which comes from its two institutional investors, RPMI and Amber Infrastructure, will accelerate its ambition of reaching 500,000 homes. The [...]
BT may cut dividend to fund full-fibre rollout July 10, 2019 BT may cut its dividend in the coming years as it prepares to roll out full-fibre broadband across the UK. The telecoms giant opted to hold its dividend for the full-year, despite speculation that the payout might be cut to fund new investment. Read more: Labour plays down BT renationalisation rumour But BT chairman Jan [...]
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 [...]