BT to close 90 per cent of its UK offices June 5, 2019 BT Group will shut offices in more than 270 locations across UK as it seeks to cut £1.5bn in costs. The telecoms company is to slash its number of offices across the UK by 90 per cent, leaving just 30 open. In some locations, existing buildings will be refurbished while in others BT will move [...]
Delays to 5G rollout to cost country tens of billions, report finds October 1, 2020 Delays to the rollout of 5G could cost the country tens of billions of pounds in lost economic output, a new report has found. According to the Centre for Policy Studies (CPS), steps to speed up the rollout could provide the UK GDP with an extra £41bn over the next seven years. However, if delays [...]
Cyber firm Darktrace confirms plans for London float in early May April 19, 2021 UK cybersecurity company Darktrace today confirmed it will float on the London Stock Exchange in the coming weeks as it looks to build on a successful pandemic year. The firm’s offer price will be determined following a book-building process, with the listing expected to take place early next month. The company is understood to be [...]
Scottish rocket company to clean up space debris from 2023 February 4, 2021 The UK could become a world leader in tackling space debris after successful trials of a ‘space tug’ align with a new UN space initiative, the Scottish rocket company behind the development said today. Skyrora said that its orbit transfer vehicle, part of its Skyrora XL rocket, could clear debris, reposition satellites and remove redundant [...]
Andy Burnham’s re-election boosts his stature as ‘King in the North’ May 8, 2021 Andy Burnham’s re-election as the Mayor of Greater Manchester is a rare victory in Labour’s fast-crumbling “red wall” in the north. He won a second term as mayor with an increased share of the vote, on an increased turnout, from 2017. Burnham is now the most senior and successful elected Labour Party politician outside the [...]
What is the Europa Conference League, why is it happening and how will it work? Uefa’s new third club competition explained August 19, 2021 This season heralds the start of a new, third European competition for club football: the Europa Conference League. England’s role representatives are Tottenham Hotspur, who enter the competition at the play-off stage and play their first match this evening. But why has governing body Uefa created the new competition and how will it work? Read [...]
Goldman-backed broadband firm Cityfibre plots major stake sale March 8, 2021 Challenger broadband firm Cityfibre is preparing the sale of a major stake to a new investor in a deal said to be worth hundreds of millions of pounds The London-based company has tapped bankers at UBS and Rothschild to identify a third backer, Sky News reported. The buyer would join the two existing investors West [...]
FTSE slips ahead of US Fed meeting March 17, 2021 The FTSE 100 dipped slightly this morning as investors awaited the outcome of the US Federal Reserve’s policy meeting for signs about upcoming interest rates. London’s blue-chip index opened 0.25 per cent down, with mining stocks including Rio Tinto, Anglo American, Evraz and BHP Group falling between 0.5 per cent and 2 per cent. BT [...]
Budget 2021: How does the new tax ‘super-deduction’ work? March 3, 2021 This afternoon Chancellor Rishi Sunak announced a new tax “super-deduction” policy to encourage investment into the UK and boost its recovery from the pandemic. The new form of relief will come into effect next month and last until the end of March 2023, and should be especially popular with manufacturing, construction and utilities firms. Shares [...]
Nokia named as NASA partner to build mobile network on the moon October 19, 2020 Finland tech infrastructure company Nokia has been selected by Nasa to build the first mobile network on the moon, the company said today.