Philip Jansen finally has shown his hand. BT pledges to step up its broadband work by providing 25m homes with full fibre to the door by 2026. But the capital cost means it cannot do it alone and needs to find a friend. Meeting the ambitious and necessary target will be assisted over the next … Read more
Are central banks in danger of releasing the inflation genie? That is the prevailing view on Wall Street where rising concern about President Biden’s $5trillion of fiscal largesse, and rising, and the unwillingness of the Federal Reserve to put the brakes on, have unleashed anxiety. Fears of an inflation surge are reinforced by consumer prices … Read more
The City regulator, the Financial Conduct Authority, acts in mysterious ways. For months now all our questions about holding an investigation into Greensill Capital (UK) and Greensill Capital Securities have been batted away. We were told that the ‘Appointed Representative’ (AR), Mirabella Advisers, was the supervisor of Greensill Capital Securities and that was the end … Read more
ALEX BRUMMER: Astrazeneca boss Pascal Soriot faces an unjust vote over his pay package By Alex Brummer for the Daily Mail Published: 21:51 BST, 10 May 2021 | Updated: 22:01 BST, 10 May 2021 AstraZeneca and the Oxford vaccine may be the toast of great swathes of the United Kingdom, but the City’s governance mavens … Read more
ALEX BRUMMER: Aerospace sector and the technology it generates is a powerhouse of UK economy – losing control of another group would be body blow to a strategic, innovative industry It employs more than 120,000 people, most of them outside London and the south-east In normal times, it generates an annual turnover of £35billion, most … Read more
Forecasts by the Bank of England of a ‘V’ shaped recovery were met with predictable scepticism as the pandemic made its reappearance early this year. If the latest projections are believed, that is precisely what is going to happen, with output set to soar away by 7.25 per cent this year leaving jobs relatively unscathed. … Read more
No one can accuse Liberty Steel boss Sanjeev Gupta of giving up the ghost. Faced with the collapse of his main lender Greensill and a refusal by Business Secretary Kwasi Kwarteng to provide £170million of rescue loans, he is hanging on by his fingertips. In the latest moves to shore up his global empire, GFG … Read more
ALEX BRUMMER: BT dials up the changes but will it fix Britain’s lagging broadband network? By Alex Brummer for the Daily Mail Published: 23:37 BST, 4 May 2021 | Updated: 23:54 BST, 4 May 2021 The notion that it makes commercial sense for telecoms providers to control proprietary information and entertainment content has been around … Read more
Boom will give way to bust: The post-pandemic bounce will generate real wealth… but it could end bloodily, says ALEX BRUMMER By Alex Brummer for the Daily Mail Published: 21:50 BST, 3 May 2021 | Updated: 22:02 BST, 3 May 2021 During the great financial crisis in November 2008, the Queen toured a new building at … Read more
ALEX BRUMMER: Smooth arrival of Darktrace on London Stock Exchange will be encouraging for next batch of IPOs on the slipway By Alex Brummer for the Daily Mail Published: 21:51 BST, 30 April 2021 | Updated: 21:51 BST, 30 April 2021 The key to successful tech floats is the quality of the intellectual property. If … Read more