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TalkTalk eyed up by Virgin Media O2 in deal that could value internet giant at £3bn
A move to takeover TalkTalk, the internet giant that went back into private hands in a £1.1bn deal last year, is being eyed up by Virgin Media O2. The potential deal could value the Salford-headquartered company at in the region of £3bn. Virgin Media O2 was formed in June 2021 as a joint venture between …
Business
Evening Standard
Fever-Tree shares lose fizz as glass and shipping costs soar
Shares in high flying tonic water brand Fever-Tree slumped today when the company revealed it has been hit by glass and labour shortages and soaring sea freight rates.In early trading the shares were down almost a quarter, or 292.38p, to 906.62p, their lowest level for six years, after the admission from the former City favourite …
Business
Sky News
Virgin Media O2 tests waters with £3bn offer for TalkTalk
Virgin Media O2 has tabled an offer to buy TalkTalk that would value one of Britain’s biggest broadband providers at about £3bn.Sky News has learnt the mobile phone giant, which is jointly owned by Telefonica and Liberty Global, submitted an indicative bid for Salford-based TalkTalk in recent weeks. Discussions between the two sides are at …
Business
Business Live
SVM Associates rings in the changes at Elizabeth Tower
An engineering consultancy has been ringing in a successful project after designing the new custom lift for Elizabeth Tower in London. The tower has been undergoing restoration works in recent years and Birmingham-based SVM Associates was tasked with improving safety and accessibility. The bespoke lift project forms part of the wider works undertaken by Sir …
Business
Business Live
Jobs saved at collapsed aerospace firm Electroflight as administrators sell off business
Collapsed South West aerospace and tech company Electroflight has been sold off in its entirety, saving all jobs within the business. The Gloucestershire-based firm, which developed the battery for Rolls-Royce’s world-record-breaking all-electric aircraft, appointed administrators on Monday (July 11). On Friday, business advisory firm Milsted Langdon confirmed Electroflight’s assets were sold “as a whole” to …
Business
Business Live
Northern Ireland housing market: new buyer enquiries fall to lowest in two years
The first concrete signs that the rising cost of living is impacting the housing market in Northern Ireland has emerged from the latest industry report. The RICS (Royal Institution of Chartered Surveyors) and Ulster Bank Residential Market Survey, which garners the thoughts of estate agents across the province, showed that the number of new buyer …
Business
Business Live
BT creates 100 Belfast jobs as part of digital expansion
BT is creating 100 new jobs in Belfast as part of an expansion of its digital team in the UK and India. It will be filling vacancies in product management, software engineering, cloud, design, data, AI and machine learning and agile delivery in a move designed to ramp up its in-house digital capabilities. BT said …
Business
Business Live
Council go-ahead to pursue bid to buy Grimsby’s Freshney Place as cinema operator named
Plans for North East Lincolnshire to buy Grimsby’s Freshney Place shopping centre have been approved. Local authority councillors gave the proposal their backing after leader Philip Jackson told how the purchase was “vital” to ensure a healthy future for the town centre. He had warned that other potential operators could just oversee further gradual decline. …
Business
Evening Standard
Burberry sales hit by Covid outbreaks in Mainland China
High-end fashion label Burberry has been hit by the resurgence of Covid in its largest market and key growth country China posting only a 1% rise in store sales across the group for the three months until the beginning of July.The fashion brand worn by celebrities including James Bond theme singer Billie Eilish, Stormzy,Rihanna and Harry …
Business
Sky News
All bets off as Racing Post sale falls at last hurdle
A takeover of the company which publishes the Racing Post is on the brink of collapse amid increasingly tough conditions for financing takeover deals.Sky News has learnt that Better Collective, which is based in Denmark but listed in Stockholm, is now unlikely to proceed with a deal after months of talks. The deal, which would …
Business
Evening Standard
Metal miner Ironveld launches attack on “vexatious” 9% shareholder
A METAL miner chaired by former England cricket and Majestic Wine supremo Giles Clarke today issued a blistering attack on one of its biggest investors.Ironveld, an Aim listed iron and magnesium miner, is accusing Richard Jennings of Align Research of conducting a campaign of “bullying, threats and coercion”.A statement to the stock market today reveals …
Business
Euro News
‘Politics can no longer miss out on crypto,’ says ex French deputy and Macron ally Pierre Person

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