Abrdn and two more City giants shun Sizewell C nuclear project April 15, 2024 The government is currently the majority shareholder and is currently investing a total of £2.5bn in financial support for the project.
Sport schedule: What’s on, what time is it on and which channel? February 17, 2023 Spring is on our doorstep and the sports schedule continues to fill up with exciting fixtures and events. Here’s what to look forward to this weekend in sport. Rugby Union: Gloucester v Harlequins, Friday Premiership rugby returns after a two-week hiatus as Gloucester look to get back to winning ways against Harlequins. The Cherry and [...]
From Harry Styles to house prices: The top ten most read stories on City A.M. this week February 17, 2023 From Harry Styles’ Grammy outfit to more recession speculation, to here are the top ten most read stories by readers of City.A.M. this week, ending Friday 17 February. One: Harry Styles’ Grammys outfit The former One Direction band member’s choice of outfits came under the spotlight as he made appearances at both the Grammys and [...]
ITV ‘actively exploring’ Traitors producer All3Media acquisition June 16, 2023 Broadcaster ITV has confirmed it is “actively exploring” an acquisition of Traitors producers All3Media. It follows reports the TV channel was seeking to buy the production company from its joint owners Warner Bros Discovery Inc., which is facing a debt issue, and Liberty Global. The business would be combined with ITV’s Studios unit, according to [...]
Virgin Media O2 to slash 2,000 jobs as it tries to rid itself of billions in debt July 25, 2023 Virgin Media O2 has revealed plans to slash 2,000 jobs by the end of the year. The telecoms giant issued redundancy notices yesterday evening as part of their effort to streamline operations. The cuts, which include around 800 previously reported job reductions, will affect over 12 per cent of the company’s current workforce. Virgin Media [...]
FTX files for bankruptcy as Sam Bankman-Fried resigns November 11, 2022 FTX founder Sam Bankman-Fried has resigned his position as CEO of FTX, and filed for Chapter 11 Bankruptcy.
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 [...]
How a telecoms exec, a Rugby World Cup winner and a host of chemists are plotting a quiet tech revolution May 26, 2023 On a non-descript industrial estate on the outskirts of Cambridge, a former telecoms executive, a Rugby World Cup winner and some disarmingly intelligent chemists are plotting a revolution that could change the shape of global politics. If that sounds overwrought, consider the phone in your pocket. The metals that make up that extraordinary piece of [...]
Boris Johnson’s gigabit broadband target will be ‘missed by years’, warns BT boss September 27, 2020 Boris Johnson’s target for delivering gigabit broadband across the UK will be missed by eight years without £9bn worth of tax and red tape cuts, BT has warned ministers. BT claims the industry is on course to deliver gigabit speeds across the nation by 2033, significantly later than Johnson’s election pledge of full coverage by [...]