Prince Andrew steps down from Pitch@Palace role November 22, 2019 Prince Andrew has stepped down from his role at tech startup scheme Pitch@Palace. The initiative, which the Duke of York founded to showcase entrepreneurs, is set to continue without any royal involvement. Read more: Prince Andrew cancels Middle East trip for Pitch@Palace The Duke has come under increasing pressure as the catastrophic fallout of his [...]
Vodafone targets 2021 IPO for European towers unit July 24, 2020 Vodafone today confirmed it would target an early 2021 initial public offering (IPO) for its European telecoms towers business. The spin-off will see the division renamed Vantage Towers after Vodafone signalled its intention to separate the unit to maximise shareholder value. Vodafone said it will seek a prime listing in Frankfurt for its European mast [...]
Sky’s the limit: Alibaba Cloud looks to take on Amazon as it talks up a partnership with BT July 9, 2018 Chinese tech giant Alibaba is in talks to provide its cloud services to BT, in an apparent bid to take on Amazon’s dominance of the European market. Alibaba already holds a cloud services deal with Vodafone in Germany, where its first European data centre is located. If the partnership with BT were to look similar, [...]
General Election 2019: Labour figures meet to finalise manifesto November 16, 2019 Labour officials will meet later today to finalise the party’s manifesto ahead of December’s general election. The party has already unveiled a number of policies and on Thursday announced it would part-nationalise telecomms giant BT in a bid to provide free full-fibre broadband for all. However, there are some areas in which Labour is yet [...]
Ranked: These are the UK’s worst broadband and mobile firms July 23, 2019 Plusnet has topped a list of highest number of complaints for a broadband provider for the second quarter in a row. The Sheffield-based telecoms firm received 31 complaints per 100,000 customers between January and March, according to figures published today by regulator Ofcom. Read more: Which telecoms companies have the worst customer service? Plusnet was [...]
Ofcom gets the green light for new Openreach broadband regulation June 28, 2019 Ofcom has been given the green light to develop new regulation that will give telecoms firms more access to Openreach’s network in a bid to speed up the rollout of full-fibre broadband. The regulator today said it has received approval from the European Commission to press ahead with its scheme, which is designed to boost [...]
Markets live: FTSE 100 and US stocks soar as vaccine optimism builds July 15, 2020 The FTSE 100 doubled its gains on Wednesday as investor optimism about a coronavirus vaccine grew stronger, also fuelling US and European stocks. London’s blue-chip index climbed as high as 6,241 as it opened trading this morning, following positive trial results of a Moderna vaccine. By 1.30pm the FTSE 100 was up 2.07 per cent [...]
European Championship revamp keeps football open to all October 13, 2019 Every time Indiana Jones takes a plane, his journey is illustrated by a red line moving gradually towards its destination, the aircraft pivoting now and again to refuel as it traverses continents. For those still recovering from trying to understand the Uefa Nations League, the Raiders of the Lost Ark motif helps explain what will [...]
BT investors stage revolt over Gavin Patterson’s £2.3m pay packet July 11, 2018 BT faced down a shareholder revolt at the company’s annual meeting in Edinburgh today over its executive pay plan. More than a third (34.2 per cent) of investors voted against the telecoms giant’s remuneration report. BT’s annual report in May showed that Patterson was paid £2.3m last year, including a £1.3m performance bonus, just weeks [...]
Premier League appoints Guardian boss as new chief executive October 2, 2019 The Premier League has appointed David Pemsel, head of Guardian Media Group (GMG), as its new chief executive. Pemsel’s candidacy was approved unanimously by Premier League shareholders at a special meeting held today. His appointment follows a 14-month search to fill the position after the departure of former head Richard Scudamore. Read more: Crystal Palace [...]