Bank of England governor Mark Carney to face grilling on future after Downing Street intervention September 3, 2018 Mark Carney faces a grilling on his departure from the Bank of England tomorrow after 10 Downing Street today insisted he is still on track to leave Threadneedle Street in 2019. Carney is currently set to lead the Bank until the end of June 2019, three months after the UK leaves the EU, but 10 [...]
Telecoms firms to profit off broadband price hikes when contracts expire August 29, 2018 Telecoms firms stand to profit as customer contracts expire, with UK households on standard speed deals facing price hikes of as much as 82 per cent the day after their contract runs out. Standard broadband contracts jump by an average of £152 per year a day after they end, according to data from comparison site [...]
Government aims for full fibre broadband coverage across UK by 2033 | City A.M. July 23, 2018 The government has outlined its ambition to bring full fibre to the entire of the UK by 2033 as it released its Future Telecoms Infrastructure Review (FTIR). The Department for Culture, Media and Sport also said it would be pushing to make super fast full fibre broadband installed as standard in new properties. Part of [...]
Culture secretary Matt Hancock expected to make decision on Rupert Murdoch’s Sky takeover this week July 8, 2018 Culture secretary Matt Hancock is this week expected to reveal whether Rupert Murdoch's 21st Century Fox will be given clearance to take over Sky and bat off a rival bid from Comcast. If Hancock gives Murdoch the go-ahead, the media mogul will buy the 61 per cent stake in Sky he does not already own. [...]
Vodafone to bring more 5G trials to London from October this year June 21, 2018 Vodafone will launch its own 5G trials in seven cities across the UK, including London, towards the end of this year. Customers in Birmingham, Bristol, Cardiff, Glasgow, Liverpool and Manchester will also be able to try out the new spectrum when trials are rolled out between October and December. Infrastructure work is already being completed [...]
Trinity Mirror merger with Daily Express owner Northern & Shell cleared by culture secretary Matt Hancock June 20, 2018 Trinity Mirror’s acquisition of Daily Express and Daily Star owner Northern & Shell Media Group has been cleared by culture secretary Matt Hancock. A £127m deal for Reach Plc, the new name for the Trinity Mirror, to buy the Express owner was reached in February 2018, but has been subject to two regulatory probes since [...]
BT’s investors lost faith in Gavin Patterson June 11, 2018 When BT announced last month that it would cut 13,000 jobs, many wondered if it would in fact end up as 13,001. Investor patience had been wearing thin, and chief executive Gavin Patterson had been standing on thin ice for a while. From a peak of nearly 500p in November 2015, BT's share price has [...]
BT chief executive Gavin Patterson will step down this year as chairman says there is ‘a need for a change of leadership’ June 8, 2018 BT Group chief executive Gavin Patterson will step down at the end of the year, with a search now underway to find his successor. The telecoms giant expects to have its next chief executive in place by the second half of the year, with Patterson continuing to serve as chief executive until then. Read more: [...]
Culture minister Matt Hancock confirms Sky-Fox deal can proceed as long as Sky News is divested June 5, 2018 Culture secretary Matt Hancock has confirmed that the Sky-Fox merger can go ahead, as long as Sky News is divested to Disney or another firm. If an “acceptable form of remedy” can be found, the minister said he would wave it through. Hancock said he agreed with the Competition and Markets Authority (CMA) that there [...]
Culture minister Matt Hancock confirms Sky-Fox deal can proceed as long as Sky News is divested June 5, 2018 Culture secretary Matt Hancock has confirmed that the Sky-Fox merger can go ahead, as long as Sky News is divested to Disney or another firm. If an "acceptable form of remedy" can be found, the minister said he would wave it through. Hancock said he agreed with the Competition and Markets Authority (CMA) that there [...]