BT sets aside £2bn to reduce pension deficit

BT, the UK’s largest fixed line telecoms group, reported the payment was the start of a 16-year recovery plan. The company said that its pension deficit had grown to more than £7bn, from just under £4bn in 2012. The telecoms group, which is also in Read more…

McDonald’s CEO Steps Down

CEO for the last 2 and a half years, Don Thompson is to retire and be replaced by former McDonald’s UK boss Steve Easterbrook. The burger chain has over 36,000 restaurants worldwide and has found it difficult to hold on to customers amid changing attitudes Read more…

Apple’s First Quarter Results

Apple reported first quarter numbers last night in the USA and surprised many in terms of both iPhone demand and also production numbers. Revenue, earnings and margins all came in ahead of analyst expectations driven by significantly more iPhones being sold, 74.5m versus consensus forecast Read more…

Greek Election Fall-out

The financial markets reacted with concern as Syriza’s victory in the Greek election caused investor uncertainty. In a volatile start to the week the euro briefly touched an 11-year low against the dollar, before recovering to trade almost 0.7% higher against the US currency. In Read more…

Bank of England to do ‘whatever it takes’ to lift inflation to 2% target

Mark Carney has said the Bank of England will do ‘whatever it takes’ to return inflation to its 2% target. The Bank of England governor made the vow at speech at the World Economic Forum in Davos, after UK inflation tumbled to 0.5% last month Read more…