City Moves for 21 May – Who’s switching jobs at Cazoo, Invesco and Headland? May 21, 2019 Today's City Moves includes Cazoo, Invesco and Headland. Cazoo Cazoo has announced Alex Gersh, formerly chief financial officer (CFO) of Paddy Power Betfair, has joined as its first CFO. Having raised over £30m late last year, Cazoo is seeking to transform the used car market in the UK. Alex joins Cazoo after spending 6 years [...]
Internet meme queen Grumpy Cat dies aged 7 May 17, 2019 The internet sensation known as Grumpy Cat has died aged seven, her owners revealed on Friday. A post on the cat's instagram, which has more than 2.4m followers, announced her passing and the family's "unimaginable heartbreak". Read more: BT has redesigned its logo and Twitter hates it (Source: Instagram) (Source: Getty) (Source: Getty) “Despite care from top [...]
BT has spent years redesigning its logo and Twitter hates it May 17, 2019 BT is set to unveil its new logo after years of planning, but the internet's reaction won't have delighted bosses at the telecoms giant. Earlier this week the telecoms giant filed a trademark application with the Intellectual Property Office for a new, minimalist logo depicting the letters “BT” in a circle as new chief executive [...]
BT staff to be handed £50m in shares as new boss overhauls image May 16, 2019 BT will hand out £50m in shares to staff every year as the telecoms firm’s new boss embarks on a plan to turn around its tarnished image. Chief executive Philip Jansen today unveiled the company’s new ‘yourshare’ scheme, which will amount to roughly £500 per employee per year. Read more: BT boosts profits under new [...]
Five things we learned from BT’s full-year results May 9, 2019 BT today published its eagerly-awaited results for the full-year, as investors kept a keen eye on the telecoms giant’s plan to turn around its ailing fortunes. After growing speculation over the company’s targets for full-fibre broadband and a potential dividend cut for beleaguered shareholders, here are five major takeaways from the results. Read more: BT boosts profits [...]
BT profits rise but revenues slip as UK giant ramps up full-fibre targets May 9, 2019 BT has ramped up its targets for rolling out full-fibre broadband, despite posting a slip in revenues for the full year. Read more: BT’s bosses in London 'linked to Italian accounting fraud' The figures Revenues dropped one per cent to £23.4bn in the year to the end of March. Pre-tax profit rose two per cent to [...]
UK average broadband speeds rise by a fifth to hit superfast level May 8, 2019 Average broadband speeds in UK households have jumped 20 per cent over the last year, according to new figures from Ofcom. The regulator said average speeds have passed the 50Mbps mark – one of the most commonly-available levels of superfast broadband – for the first time, after an 18 per cent surge to 54.2Mbps. Read [...]
City Moves for 8 May – Who’s switching jobs at Here East, Faraday Grid and Majedie Asset Management? May 8, 2019 Today's City Moves includes Here East, Faraday Grid and Majedie Asset Management. Here East Here East has appointed Louise Conolly-Smith as head of special projects (creative) with a focus on video games and e-sports for the tech and innovation campus. The move comes as Here East becomes home to a growing video games and e-sports cluster, [...]
Liverpool 4-0 Barcelona: Reds’ supporting cast come to the fore in stunning Champions League turnaround at Anfield May 7, 2019 Anfield has seen some famous nights, especially in European football, but this was special. Trailing 3-0 from the first leg, against one of Europe’s most prestigious, decorated and star-studded sides, Liverpool pulled off the biggest turnaround in Champions League semi-final history. Read more: Trevor Steven: The two factors that unite City and Liverpool Shorn of [...]
Virgin Media grows customer base amid superfast broadband rollout May 7, 2019 Virgin Media has posted a solid set of results for the first quarter as it focuses its efforts on a £3bn plan to rollout superfast broadband across the UK. Read more: Vodafone calls on German government to speed up fibre optic rollout The figures First-quarter revenue remained flat on the previous year at £1.3bn. Operating [...]