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BT cuts 5,000 jobs as broadband customer numbers tumble


By Michael Griffiths

BT has cut 5,000 jobs after the telecoms giant reported a decline of 242,000 Openreach broadband customers in Q2.

The group said it was decreasing its total workforce to 111,000, after citing customer losses to competitors and a weaker broadband market


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Diageo lowers sales expectations in Q1 results

Diageo has cut its sales and operating growth expectations for the current financial year, after posting flat organic net sales growth in its first quarter

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Sainsbury’s sales up as supermarket raises profit guidance

Sainsbury’s has reported a 5.2% rise in total sales in its first half results, which climbed to £13.6bn

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ITV warns of advertising revenue hit as Budget approaches

ITV expects its total advertising revenue to drop by 9% year-on-year in its final quarter, as uncertainty circles the upcoming Budget

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M&S profits tumble following cyber-attack

Marks & Spencer (M&S) has reported a 99.1% fall in pre-tax profit in its opening half results, after the retailer was hit by a cyber-attack in April

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Wetherspoon’s LFL sales increase 3.7% year-on-year

Wetherspoon’s like-for-like (LFL) sales increased by 3.7% year-on-year in the 14 weeks to 2 November, after increasing by 4.5% in the last financial year

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Ofwat blocks £4m in bonuses to water bosses

More than £4m in potential bonuses were blocked by Ofwat’s new rule on water bosses’ performance related pay in the last financial year, the water regulator has revealed

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Barratt Redrow delivers ‘resilient’ first third performance

Barratt Redrow has delivered what it described a "resilient performance" in the first third of its financial year, despite "challenging market conditions" and increased uncertainty ahead of the Budget

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ABF shares slide as profits drop 26%

Associated British Foods (ABF) shares fell by more than 3% in early trading after the group reported a 26% drop in its full year profits to £1.41bn

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BP beats profit expectations as production increases

BP has beaten its profit expectations in the third quarter, despite profits falling by 6% quarter-on-quarter to $2.2bn.

Smiths News posts profit ahead of expectations

Smiths News has reported an operating profit above market expectations at £39.1m in its latest annual results, which the company said was driven by an “excellent collectables performance”
Domino’s reports ‘solid’ Q3 performance

Domino’s has reported what it described a "solid" performance in its third quarter, as its system sales increased by 2.1% to £382.7m
UK venture capital funding registers ‘notable shift’

Venture capital (VC) funding in the UK has experienced a “notable shift”, according to GlobalData, with an improvement in deal value despite a fall in deal volume through the first three quarters of 2025


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