Talktalk to go private after £1.1bn Toscafund deal December 17, 2020 Talktalk has this morning announced that it will be taken private in a £1.1bn deal with shareholder Toscafund and private equity firm Penta. Under the offer, shareholders of the broadband supplier will receive 97p per share, a 16 per cent premium on shares as of 7 October, when the offer was first made. The deal [...]
Screenshot: Does the UK media have a racism problem? March 12, 2021 This week: **Media Moment of the Week: GMB gets a new frontman **Does the UK media have a racism problem? **Deliveroo’s IPO giveaway; BT gets in a bind Media Moment of the Week: GMB gets a new frontman What a week it’s been for ITV. In the space of 24 hours it racked up bumper [...]
BT staff to be handed £50m in shares as new boss overhauls image May 16, 2019 BT will hand out £50m in shares to staff every year as the telecoms firm’s new boss embarks on a plan to turn around its tarnished image. Chief executive Philip Jansen today unveiled the company’s new ‘yourshare’ scheme, which will amount to roughly £500 per employee per year. Read more: BT boosts profits under new [...]
London IPO: Darktrace shares surge 40 per cent on market debut April 30, 2021 Shares in UK tech darling Darktrace soared on their London debut, jumping as much as 42 per cent higher than their initial listing price, in an IPO that valued the company at £1.7bn. Darktrace this morning said shares were priced at 250p in its London IPO, the midpoint of the range. Upon the opening bell shares traded [...]
Wall Street flat but FTSE ticks up as investors await inflation data June 7, 2021 Wall Street’s main indexes were muted this afternoon as investors stayed on the fence ahead of key inflation data this week, while tech stocks shrugged off a G7 agreement on a new global corporate tax minimum. The Dow Jones Industrial Average and S&P 500 dipped 0.46 and 0.26 per cent respectively by early evening trading. [...]
Nokia growth knocked by losing part of Verizon 5G contract February 4, 2021 Growth at Nokia has been impacted by the firm losing part of the Verizon 5G contract in the United States to Samsung. Nokia’s new CEO Pekka Lundmark said in October that Nokia would do “whatever it takes” to take the lead in 5G. While both Nokia and its Nordic rival Ericsson have been gaining 5G customers [...]
When and where to watch the Premier League after lockdown hiatus June 17, 2020 The Premier League is back — but not as we know it. After a 100-day hiatus due to the coronavirus pandemic, the top-flight football season will return to screens this evening from behind closed doors. Following pressure from culture secretary Oliver Dowden, most of the Premier League’s 92 remaining shows are set to be shown [...]
Steering clear of the cliff edge: Why it makes business sense for sport to put the human first May 11, 2021 We’ve seen a seismic shift in attitudes around athlete welfare but the sentiment ‘it’s only what happens on the pitch that counts’, albeit largely unspoken, is sadly still common in professional sport. With the global sports market expected to reach $600bn by 2025, there is no doubt about the pressure clubs are facing to deliver [...]
We must open up venture capital investment to pension funds to deliver for British savers May 11, 2021 Darktrace’s IPO was a relief to investors and founders considering a float on the London market, doing much to take away the bitter aftertaste left by Deliveroo’s lacklustre debut at the start of April. Yet even this very British success story, founded by expert mathematicians in Cambridge and invested in by some of the UK’s [...]
Five things we learned from BT’s full-year results May 9, 2019 BT today published its eagerly-awaited results for the full-year, as investors kept a keen eye on the telecoms giant’s plan to turn around its ailing fortunes. After growing speculation over the company’s targets for full-fibre broadband and a potential dividend cut for beleaguered shareholders, here are five major takeaways from the results. Read more: BT boosts profits [...]