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The Latest Breaking News from Matt Britzman

Why Does UK Lag On 5G Mobile Connectivity?

By approving a merger of Vodafone and Three in the UK, the country has secured a commitment from the mobile phone operators to invest billions of pounds on 5G connectivity.

International Business Times

Even a ‘rate shock’ for British mortgage borrowers may not help the banks

The prospect of home loan rates staying high for longer is not the tonic for lenders’ financial results it once was

The Guardian - UK

Bank of England governor hopes mortgage rates will keep falling, as economists see inflation hitting 2% soon – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz BoE officials about the impact of high interest rates

The Guardian - UK

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Higher interest rates help HSBC to more than double profits

Bank criticised by MPs for being too slow to reward savers as it announces 15% rise in net interest income and $3bn share buyback

The Guardian - UK

ECB warns eurozone economy ‘remains weak’ after leaving interest rates on hold; US growth accelerates to 4.9% – as it happened

Eurozone central bank gives press conference after pausing its cycle of rate hikes, as inflation slows and Europe’s economy weakens

The Guardian - UK

UK telecoms firm BT to axe up to 55,000 jobs by 2030

London (AFP) - British telecoms group BT said Thursday it will axe up to 55,000 jobs by the end of the decade in the latest tech jobs cull in response to rampant inflation.

AFP

Shares rise at Imperial Brands as cigarette maker announces £1bn buyback scheme

The Bristol-based maker of Davidoff and Gauloises cigarettes said the programme was an "important milestone" in its five-year strategy

Birmingham Post

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Marmite maker Unilever raises prices by 11% as inflation increases costs

Consumer goods group reports sales growth despite falling volumes of goods sold

The Guardian - UK

Nestlé says more price rises are coming after 5.2% increase

KitKat and Nescafé owner blames surge in cost of ingredients, energy, labour and transport

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the European Central Bank

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