Vodafone feels the pressure after activist investor Cevian builds a stake January 31, 2022 Voadafone is expected to speed up an organisational overhaul after it was revealed that a notorious activist investor had taken a stake in the firm.
Mark Kleinman: Why Barclays’ £1bn Telegraph bid won’t be the last word, Alison Rose’s next move and why no one wants to be chair of the BBC October 19, 2023 The must-read column from the man in the know, City Editor at Sky Mark Kleinman Barclays’s £1bn Telegraph bid not the last word Hold the front page: the Barclay family’s effort to lodge a knockout bid for The Daily Telegraph was timed like the arrival of a blockbuster newspaper story minutes before the final edition, [...]
London markets post mixed bag as investors mull Bank’s next rate move December 14, 2021 London markets were a mixed bag yesterday as investors mulled the Bank of England’s next move on interest rates. A strong jobs print boosted investor sentiment yesterday morning, lifting the capital’s main indexes. However, the FTSE 100 gave up morning gains to close 0.18 per cent lower at 7,218.64 points, as did the mid-cap FTSE [...]
Firms must explain themselves in this winter of price hikes January 20, 2022 The last time inflation was a hot-button political issue, Whitney Houston was top of the charts, the VCR was the must-have purchase, and a scandal-ridden Tory prime minister was clinging on desperately to power. Some things change, others less so. This marks trouble for business – in two ways. In the most obvious sense, prices [...]
Broadband startup Cuckoo calls on industry to abolish exit fees and end £1.3bn price hikes March 30, 2022 Broadband exit fees and above-inflation price rises should be scrapped as UK customers face a cost of living crisis, the CEO and founder of broadband firm Cuckoo Alex Fitzgerald has demanded.
BT sells Spanish business as it ploughs ahead with transformation plan December 16, 2019 BT today said it has agreed the sale of its Spanish assets to private equity firm Portobello Capital, as the telecoms giant slims down its international business. The FTSE 100 firm said it will continue to have access to the ICT infrastructure, which provides network services to roughly 600 major Spanish companies, through a wholesale [...]
Mark Kleinman: The must-read column September 21, 2023 Mark Kleinman gets the Square Mile talking in his weekly City A.M. column: this week on the CBI's latest travails, a two-horse race at Co-operative Bank and a search for a charity chair
Virgin Media O2 to upgrade UK broadband network to full-fibre by 2028 July 29, 2021 Virgin Media O2 today unveiled plans to upgrade its UK broadband network to full-fibre by 2028 as it ramped up the pressure on telecoms rival BT. The company, which launched last month following the £31bn merger between Virgin Media and O2, said its project will cover 14.3m premises across the country, including 1.3m homes already [...]
Telecoms watchdog set to protect some 700 of London’s iconic red phone boxes November 9, 2021 Ofcom is set to protect some 5,000 of the UK’s iconic telephone boxes from closure, which could extend to more than 700 in London. The telecoms regulator will ensure that payphones in locations not covered by all four mobile networks, located at an accident or suicide hotspot, has had more than 52 calls made from it over the last year and whether exceptional circumstances mean [...]
Private equity influx in rugby will not save entire club game August 31, 2022 It’s no new phenomenon to see sports clubs, which tend to be at the heart of the community they serve, face financial challenges and ultimately go under. But why is this happening in rugby when the sport has benefited from a flurry of private equity investment which is shaping the future of the oval-balled game? [...]