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BT chief executive Gavin Patterson to step down

BT chief executive Gavin Patterson to step down

Business
Gavin Patterson is to step down as the chief executive of BT as frustrated investors pushed for change. Mr Patterson has been under pressure from shareholders to improve the company's stock performance, which has almost halved over the last two years.Last month, the BT said it would cut 13,000 jobs over the next three years as part of a restructuring plan to focus on ultrafast broadband and next-generation mobile phone services. Since taking on the role in 2013, Mr Patterson has splashed billions on buying football rights to attract customers to its pay-TV channels. He also spent £12.5bn to buy mobile phone operator EE in 2016.But the company failed to meet its financial performance targets and forecast flat profit growth over the next few years.A number of issues took...
Colao to step down from Vodafone after 10 years in charge

Colao to step down from Vodafone after 10 years in charge

Business
Vodafone's chief executive Vittorio Colao will step down on October 1 after more than 10 years in charge of the world's second-largest mobile phone company. Nick Read, group chief financial officer, who will become chief executive designate from July 27, will replace Mr Colao.Under Mr Colao's tenure, Vodafone sold its joint venture with Verizon for $ 130bn and merged its business in India with Idea Cellular.Last week, Vodafone agreed to buy Liberty Global's cable operations in four European countries for £16.1bn as the mobile phone operator extends its reach to 110 million homes and businesses by offering fixed-line and TV services.Vodafone group chairman Gerard Kleisterlee said: "I would like to express our gratitude to Vittorio for an outstanding tenure."He has ...
SpaceX Dragon successfully splashes down in Pacific Ocean

SpaceX Dragon successfully splashes down in Pacific Ocean

Science
May 6 (UPI) -- The unmanned SpaceX Dragon cargo ship successfully splashed down in the Pacific Ocean, the company said.SpaceX confirmed the reusable ship completed the company's third resupply mission to and from the International Space Station at about 3:30 p.m. Saturday.After spending a month on the space station, Dragon detached and was sent back to earth to deliver 4,000 pounds of NASA cargo and research material.The cargo included science samples from a variety of technological and biological studies about the space station."Some of the science returning on this flight includes samples from the Metabolic Tracking study that could lead to more effective, less expensive drugs, the APEX-06 investigation examining how to effectively grow crops in space, and the Fruit Fly Lab-03 investigat...
Facebook data breach firm shutting down

Facebook data breach firm shutting down

Business
Cambridge Analytica, the political consultancy at the centre of the Facebook data row, has announced it is to close and declare bankruptcy.The British company said it had been "the subject of numerous unfounded accusations" and was "vilified for activities that are not only legal, but also widely accepted as a standard component of online advertising in both the political and commercial arenas."Eighteen enforcement officers spent the night searching Cambridge Analytica's offices after the High Court granted a warrant in March.The information commissioner obtained a legal order to access their records and data after it emerged the company had harvested information from 50 million Facebook users.The social media giant later revealed that 87 million people may been affected by the leak, with ...
Taxi for one! Jess Impiazzi pulls down her top in boozy fail

Taxi for one! Jess Impiazzi pulls down her top in boozy fail

Entertainment
JAMES CURLEYCLOSE CALL: Jess Impiazzi almost exposed her nipples The MTV starlet, was spotted stumbling out of a central London pub looking worse for wear.Joined by two pals, Jess looked bleary-eyed as she searched for a taxi home.Dressed down in leggings and a cameo jacket, the buxom gal appeared to have been caught off guard by sneaky paps, though she soon lapped up the attention.With beer stains on her top, Jess clambered into a rickshaw before showing off her best 'duck face' pout.Jess Impiazzi strips off Reality TV babe Jess Impiazzi flaunts her incredible figure JAMES CURLEYCHEEKY: Jess pulled down her top as cameras flashed around her Not stopping there the cheeky gal pulled down her grey top to expose her chest.Pushing her assets together, Jess created a seriously impressive ...