THE BRIEFING
BT GROUP ACQUIRES TALKTALK IN US $ 530M DEBT-FREE DEAL
ROLLS-ROYCE COMMITS £ 300M IN THE UK FOR MANUFACTURING
Rolls-Royce has invested £ 300m( US $ 397.6m) to upgrade its manufacturing and engineering sites in the UK as part of a wider £ 3bn commitment from 2023. Allocations include £ 140m( US $ 185.5m) for Derby, £ 90m( US $ 119.31m) for Bristol, £ 43m( US $ 57m) for Glasgow, and £ 19m( US $ 25.2m) for Rotherham to double production of its turbine blades by 2030. The investments aim to boost advanced manufacturing, increase capacity and support defense capabilities.
2030
Allison Kirkby Chief Executive BT Group
BT GROUP HAS ACQUIRED TALKTALK AND PLATFORMX out of administration on a debt-free basis, safeguarding 900 jobs and service for 2.5 million customers around the UK. BT will report the acquired businesses as a separate segment, with an estimated total cash impact of £ 400m( US $ 529m). Pending regulatory review, the purchased brands will operate independently while BT plans long-term integration and stabilisation for the new assets.
The target date for Rolls-Royce to double its turbine blade production
18 November 2026