Wall Street slips as banking stocks and stronger pound weigh on FTSE 100 May 17, 2021 Wall Street opened lower this afternoon, reversing a strong recovery late last week as investors turned their attention back to inflation worries. The Dow Jones slipped 0.02 per cent and the S&P 500 opened lower by 0.09 per cent, while the tech-heavy Nasdaq dropped 0.46 per cent at the opening bell. It came after London’s [...]
Screenshot: Have the streaming wars just gone nuclear? May 21, 2021 This week **Media Moment of the Week: That’ll do, you donkeys **Have the streaming wars just gone nuclear? **Can London close the tech gap on Silicon Valley? Media Moment of the Week: That’ll do, you donkeys Shrek turned 20 this week. Ah lovely, an innocent reminder of youth, I bet you’re thinking. Wrong. It’s actually [...]
City Moves for 1 July – Who’s switching jobs at BT, Apex Airspace and Lewis Silkin? July 1, 2019 Today’s City Moves includes BT, Apex Airspace and Lewis Silkin. BT BT Group has announced that Leena Nair will be joining as a non-executive director and as a member of the Remuneration Committee, the Nominations Committee and the Digital Impact & Sustainability Committee. Leena is joining BT from Unilever, where she has been chief human resources [...]
Telecoms firms to face hefty fines under new Huawei laws November 24, 2020 UK telecoms companies will face hefty fines if they fail to comply with the ban on Huawei under a new law submitted in parliament today. In July the government announced a total ban on Huawei, ordering network providers to remove all equipment made by the controversial Chinese tech giant by 2027. Under the new legislation [...]
BT has spent years redesigning its logo and Twitter hates it May 17, 2019 BT is set to unveil its new logo after years of planning, but the internet's reaction won't have delighted bosses at the telecoms giant. Earlier this week the telecoms giant filed a trademark application with the Intellectual Property Office for a new, minimalist logo depicting the letters “BT” in a circle as new chief executive [...]
Premier League introduces new Owners’ Charter in wake of European Super League saga May 3, 2021 The Premier League will require all clubs to sign up to a new Owners’ Charter, committing them to the principles of football. The Premier League has taken action to prevent a repeat of its clubs threatening to breakaway in response to the Super League fallout. Six top-flight teams, including Manchester United and Liverpool, announced late [...]
Darktrace races out of the blocks: A boost for London’s IPO market after Deliveroo’s flop April 30, 2021 In a welcome boost for the London IPO market after the Deliveroo flop, UK cybersecurity company Darktrace launched this morning well above its initial price of 250p per share, jumping sharply to 350p in opening trade. There were early indications that the initial valuation might be higher than this, at around £3bn, however it appears that [...]
Outgoing Trump official warns of China telecoms threat January 21, 2021 A top official in the departing Trump administration has issued a stark warning over the threat of Chinese espionage to US telecoms networks and internet freedom. Ajit Pai, who stepped down as chair of the Federal Communications Commission (FCC) this week, said Beijing-backed spying was the biggest threat to national security facing regulators over the [...]
FTSE 100 jumps on post-lockdown hopes but Wall Street flat April 6, 2021 London’s FTSE 100 climbed by 1.4 per cent today as prospects of a planned re-emergence from lockdown next week boosted shares. The capital’s premier index currently stands at 6,840, its highest levels since 11 January. Across the Atlantic, however, the mood was more subdued, with Wall Street’s main markets flat at the open this afternoon. [...]
Alphawave shares lift slightly, after 22 per cent plunge in London stock market debut May 14, 2021 Following a turbulent market debut yesterday, Alphawave’s shares rebounded slightly in its second day of trading in the capital. The tech firm’s share price bounced to 366.2p per share this morning, down 1.03 per cent, after prices fell as low as 310.85p yesterday. Over half a billion pounds was wiped from the Canadian computer chip [...]