Ofcom updates market on investigation into Sky’s landline and broadband services September 20, 2016 Telecoms regulator Ofcom said today that it is pursuing its investigation into accusations that Sky has failed to fully comply with regulations around its broadband and landline service provision. The watchdog said it has "reasonable grounds" to believe that Sky has contravened rules relating to landline and broadband services between 1 May 2015 and 31 July 2015, [...]
Influential MP calls for pensions probe into sale of turkey business September 19, 2016 Frank Field, who chairs the influential Work and Pensions Select Committee, has called on the Pensions Regulator to probe the takeover of turkey producer Bernard Matthews by Ranjit Boparan. The Labour MP is concerned that the deal will see Bernard Matthews’ retirement scheme absorbed by industry-funded lifeboat, the Pension Protection Fund (PPF). Read more: Turkey [...]
Mobile lender Atom in £100m funding drive September 19, 2016 Mobile money lender Atom Bank is gearing up for a fresh £100m funding drive. The app-based bank is preparing to approach backers to shore up its balance sheet against early-stage losses and regulatory capital requirements. Atom began accepting deposits earlier this year and is planning to start mortgage lending in coming months. Read more: How nine challenger banks [...]
Here’s the magic age parents think their kids finally become financial adults September 19, 2016 Parents and kids should prepare themselves for a long old ride when it comes to forking out financially. Mum, Dad, and their bank, expect to be supporting their offspring until the ripe old age of 29, new research reveals. Parents say they're likely to splashing out on the usual markers of their child entering adulthood, [...]
BT and Virgin to vouch for UK’s broadband flair September 18, 2016 Rivals BT and Virgin Media will this week launch a joint advertising campaign to defend the UK’s broadband. Ads running in newspapers across the country will claim there has been a combined £15bn of investment in the UK’s broadband infrastructure over the past five years and highlight average download speeds are faster than in Germany, France, [...]
Online retailer Hut Group set to announce Ideal acquisition September 18, 2016 Online retailer Hut Group is poised to announce the takeover of an American dieting and sports nutrition company. The digital retailer is expected to announce the deal for Ideal Shape in the coming days, Sky News reported. Read more: The Hut Group eyes acquisitions after securing £210m loan Hut Group reported group sales of £334m, [...]
HSBC is the new sponsor of British Cycling replacing Sky September 18, 2016 HSBC will become the lead sponsor of British Cycling replacing Sky in a new deal . The group is credited with creating superstar athletes such as record breaking gold medal winners Laura Trott and Jason Kenny and Tour de France and Olympic champion Bradley Wiggins in recent years. "We are extremely proud to be working in partnership with British Cycling," [...]
Bradley Wiggins stands by “no needles” comments and says he had “no direct link” to disragaced ex-Team Sky doctor Geert Leinders September 17, 2016 Bradley Wiggins has distanced himself from disgraced former Team Sky doctor Geert Leinders and stood by comments regarding his use of needle injections, after a leak of his medical records prompted questions of the five time Olympic champion. Details made public by Russian hackers reveal the British cycling star applied for therapeutic use exemptions (TUEs) from the World Anti-Doping Agency (Wada) and [...]
Open House 2016: Book up or start queuing early – here’s our pick of the landmarks to see at this year’s festival September 16, 2016 It’s that time of year again when ordinary folks like you and me are given free rein to snoop around other people’s houses. That’s right, Open House is back, a whole weekend dedicated to exploring London’s architectural gems, including famous landmarks and buildings usually closed off to the public. Explore national icons – like The [...]
Waste giant Biffa has confirmed plans to float in London’s biggest IPO since the Brexit vote September 15, 2016 Biffa Waste Services today confirmed its intention to float on the London Stock Exchange in a deal which would reportedly value the firm at £1bn and propel it straight onto the main market. The company, which was forced to undergo a restructuring after the financial crisis, wants to raise £270m in what will be the biggest initial [...]