Exclusive: Sky to open first retail stores as it takes on high street rivals August 28, 2020 Sky is set to open its first ever brick-and-mortar retail stores in the UK as the broadcaster and telecoms giant defies faltering footfall to turn up the heat on its rivals. The media group is poised to open its first outlets in the coming months, providing a physical point of sale for its mobile, TV [...]
The Hut Group plots mega £4.5bn London initial public offering August 27, 2020 The Hut Group today unveiled plans for a £4.5bn float on the London Stock Exchange in a move that is set to land its co-founder a bumper payday. The consumer brands retailer, which is based at Manchester Airport, said in a filing that it intends to carry out a free float of at least 20 [...]
BT shares jump as it ramps up defences against potential takeover August 24, 2020 Shares in BT jumped this morning following reports that the telecoms giant has ramped up its defences against a potential £15bn takeover. BT’s share price increased more than five per cent this morning after the firm took steps to strengthen its defences after its stock slumped to the lowest level in a decade. Sky News [...]
BT steps up takeover defence after share price halves August 23, 2020 Bosses at telecoms giant BT have taken steps to bolster its defences against a potential takeover after a plunge in its share price. According to Sky News, the firm, which is now valued at £10.1bn, has told Goldman Sachs to update its strategy for defending BT from such a move. The plans may also involve [...]
JP Morgan prepares to launch UK digital bank next year August 21, 2020 JP Morgan Chase is reportedly preparing to launch an online bank in the UK early next year. The investment bank is finalising plans to open its UK challenger bank in the first quarter of 2021, according to Sky News. It has signed up suppliers to provide cloud and digital banking infrastructure, including Amazon Web Services [...]
Talktalk worst performing broadband provider for customer satisfaction August 21, 2020 Talktalk was the worst performing broadband provider for customer satisfaction last year, according to the latest research by the UK telecoms watchdog. A survey by regulator Ofcom found that overall satisfaction levels among Talktalk customers were lower than average, with an approval rating of 78 per cent. Customers were also less satisfied than average with [...]
Retail bosses square up in £6.5bn bidding war for Asda August 21, 2020 Two veteran UK retail bosses are set to go head-to-head in a dramatic £6.5bn private equity bidding war for supermarket chain Asda. Former Debenhams chief executive Rob Templeman is said to be working with Apollo Global Management, while Paul Mason, who served as Asda boss 20 years ago, has teamed up with Lone Star Funds. [...]
Glencadam looks a monster price for Glory at 33/1 August 20, 2020 AFTER three days of cracking action, the feature race on the final day of York’s Ebor Festival is the Sky Bet Ebor (3.40pm) with £250,000 up for grabs. Fujaira Prince deserves his place at the top of the market having won the Copper Horse Handicap over this trip at Royal Ascot on his only start [...]
UK faces 75mph gusts as tropical cyclone arrives from the Atlantic August 19, 2020 Wind speeds could reach 75mph across some parts of the the UK this week as Storm Ellen arrives from the Atlantic. The UK is bracing for its fifth named storm of the season just a week after a country-wide heatwave that saw temperatures soar. The storm, which was named by Ireland’s Met Office, is set [...]
Heathrow Airport boss tells No10 to ‘get a grip’ on quarantine policy as testing facility unveiled August 19, 2020 The chief executive of Heathrow Airport has called on Downing Street to “get a grip” of the UK’s coronavirus quarantine policy. John Holland-Kaye said the 14-day isolation period applying to many travellers should be shortened as it was “holding back the recovery of the UK economy”. Heathrow has already unveiled plans for a new testing [...]