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Virgin Media O2 owners set to buy £2bn rival


By Michael Griffiths

Virgin Media O2’s owners are in advanced talks to buy UK-based broadband rival Netomnia, according to The Financial Times.

Telefónica and Liberty Global, along with private equity firm InfraVia Capital, are expected to buy the broadband network through their jointly owned fibre business, Nexfibre, in a deal worth £2bn


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47% of corporate finance leaders to prioritise AI in next 18 months

Forty-seven per cent of finance teams within corporates will prioritise the adoption of artificial intelligence (AI) within the coming 18 months, according to a study by AccessPay

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A.G. Barr acquires Fentimans and Frobishers

A.G. Barr has announced the acquisitions of soft drinks and mixers brand, Fentimans, and premium natural fruit juices and soft drinks company, Frobishers, for £38m and £13m, respectively

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NWF profits hit by weak fuel demand

NWF Group has reported a 57.1% annual drop in pre-tax profit to £900,000 in H1, as a result of suppressed market demand for both domestic heating oil and commercial gas oil

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Lloyds reports £6.7bn profit in 2025

Lloyds Bank has announced a 12% jump in pre-tax profit to £6.7bn in its latest annual results, ahead of previous analyst forecasts

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Santander UK closes 44 bank branches

Santander has confirmed it is closing 44 of its UK branches, putting 291 jobs at risk

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easyJet losses widen in Q1 results

easyJet has seen its loss before tax increase by 52% annually to £93m in Q1, as a result of its first winter operating investments in Italy and the time requirement for capacity investments to reach maturity

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FitzWalter walks away from ATG acquisition

FitzWalter Capital has announced it does not intend to make an offer to acquire Auction Technology Group (ATG)

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Ocado shares hit as Canadian partner closes fulfilment centre

Shares in Ocado have fallen by over 11% after its Canadian grocery partner, Sobeys, announced that it was to close a customer fulfilment centre (CFC) in Calgary

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Evoke posts Q4 growth despite ‘disappointing’ Budget outcome

Evoke said it had moved “quickly and decisively” to mitigate gambling tax changes in the Autumn Budget, as the betting company announced store closures and cost saving measures in Q4.

The William Hill and 888 owner said it was “disappointed with the outcome” of the Budget, although still reported a 2% year-on-year jump in annual revenue to £1.79bn

The Revel Collective to enter administration

The Revel Collective has announced its intention to appoint administrators to the company, after actively pursuing a formal sale process
Macmillan pension scheme completes buyout with Aviva

The Macmillan Cancer Support Pension Scheme has completed a full member buyout with Aviva
Brave Bison announces record contract win

Brave Bison has announced that its marketing skills and training platform, MiniMBA, has signed a €1.3m contract with a food and beverage conglomerate


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