Gilts Risk More Turmoil as Swift Sellers Replace Steady Buyers
This week alone, Britain's central bank and fiscal watchdog have both warned of the dangers of a structural change in demand that leaves the bonds at risk of more extreme moves, or even fire sales.
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30 minutes ago
- Yahoo
Company recognised for its services in national awards
A Fareham IT company has been recognised nationally for its services. Matrix IT was listed as the number one managed service provider in Hampshire in the 2024 Channel Futures MSP 501 rankings. The company was also ranked fifth overall in the UK. The listings honour technology companies, according to their growth, profitability, and innovation. The company's growth led to the opening of its new 3,800 sq ft headquarters at Main Barn on the Cams Hall Estate. READ MORE: Student's AI-powered food safety app could 'bring jobs to Southampton' For more information, go to the Matrix IT website at Matrix IT managing director, Matt Faulkner, said: "We are incredibly honoured to be recognised as the number one managed service provider in Hampshire as well as one of the top five in the UK. "This achievement is a testament to the hard work and dedication of our entire team. "Our commitment to delivering exceptional service and innovative solutions for our clients remains our top priority."
Yahoo
an hour ago
- Yahoo
The phones without internet from tomorrow as Virgin Media O2 expands switch off
Virgin Media O2 is set to continue its 3G switch tomorrow ( July 16) , which could leave some customers unable to use mobile data. The UK's major mobile providers, including EE, Vodafone and Three, have gradually been shutting off all 3G services over the past few years following an agreement with the Government back in 2021. Virgin Media O2 is the latest provider to switch off its 3G network so it can focus on "faster, more reliable and more energy-efficient" 4G and 5G networks. It's 3G network switch off began on April 2, with the city of Durham the first area affected. 📡 Virgin Media O2 begins its 3G switch-off this April in Durham, marking a key milestone in our network evolution. This move allows us to focus on faster, more reliable #4G and #5G services, delivering better connectivity for our customers. 🌐📱 Learn more here:… — Virgin Media O2 News (@VMO2News) January 13, 2025 The switch-off is also set to impact other mobile providers which use Virgin Media O2's network, including: Giffgaff Sky Mobile Tesco Mobile Virgin Media O2's 3G switch off is set to continue this month in the following areas: Norwich (July 16) Telford (July 16) Guildford (July 16) The 3G network in Torquay will also be shut off on August 4. Next up: Norwich, Telford, Guildford & Torquay. This move frees up spectrum for faster, more reliable #4G & #5G – keeping our customers better connected. 📱 Read more: — Virgin Media O2 News (@VMO2News) April 22, 2025 The rest of the UK is set to follow by the end of the year, Virgin Media O2's Chief Technology Officer, Jeanie York, said. She added: 'We're switching off our 3G network to focus our attention and investment on upgrading faster and more reliable 4G and 5G networks that will give our customers a better overall experience. 'Following the successful pilot in Durham earlier this year, we will be switching off 3G in Norwich, Telford and Guildford in July, and Torquay in early August, with the rest of the UK to follow by the end of the year." Virgin Media O2 customers living in the above areas, still using 3G devices or sims, have been warned to upgrade to a 4G or 5G device before the switch off takes place. Any customers who don't upgrade to a 4G or 5G device before 3G is switched off in their area will still be able to make voice calls and send text messages, but will be unable to use mobile data. Martin Lewis' Money Saving Expert (MSE) explained: "If you have a phone or Sim that only supports 3G, you'll effectively no longer be able to use the internet once it's fully switched off by your provider – you'll still technically be able to connect to the internet, but you'll struggle to do even basic tasks. "You'll still be able to make calls and send text messages over 2G, though the quality of the call will likely be a lot worse than it was on the 3G network." Virgin Media O2 said the "vast majority" of its customers already have a 4G or 5G device and will not have to take action as a result of the switch-off. Known vulnerable customers still using 3G devices have already been offered a 4G-ready device free of charge. While all other customers who don't currently have a 4G handset or SIM will be offered a new device at a reduced price. JJeanie York continued: "While we know that the vast majority of our customers already have a 4G or 5G device and will not have to take any action, our priority is to provide support to those who need it. "That is why we are reaching out directly to customers who do not have a 4G or 5G handset, and calling those we know are vulnerable, to provide information about their next steps. "It is important these customers upgrade their handsets in order to continue using mobile data after 3G is switched off.' Norwich, Telford and Guildford are the next areas to be impacted by Virgin Media O2's 3G switch off. (Image: Shutterstock/Virgin Media O2) Customers with unwanted handsets are urged to recycle their devices through O2 Recycle, which could see them receive cash for their unwanted phone. If you are unsure whether or not your device will lose mobile data access when Virgin Media O2's 3G network is switched off, don't worry, there is a way to check. Visit the Virgin Media O2 website and look at its list of devices that are not compatible with 4G and WiFi Calling. If your phone/sim is on that list, you will be impacted by the switch-off and will need to change devices before it happens. Devices on the list include: Apple iPhone iPhone 1 Generation iPhone 3G iPhone 3GS iPhone 4 iPhone 5S Samsung Samsung ZV60 Samsung GT-C3592 Samsung BEAT S Samsung Galaxy Fame Samsung SLIDER Samsung Galaxy Ace 3 Sony Sony Ericsson WT13I Sony Ericsson W705 Sony Xperia Z2 LG LG Calisto LG Prada LG New Chocolate LG G1600 Google Google Galaxy Nexus Google Nexus ONE Motorola Motorola MOTO E Motorola EM30 Motorola Motokey Social Motorola C118V RECOMMENDED READING: What happens when 3G is switched off? The devices affected and how to upgrade O2 offering more than £1000 for old mobiles and other devices - how to claim Exact date emergency alert test to go out on all mobile phones confirmed Nokia Nokia 106.1 Nokia Lumia 925 Nokia 2330 Classic For the full list of devices affected or further information about Virgin Media O2's 3G network switch off, visit its website (a link to which can be found above).
Yahoo
an hour ago
- Yahoo
Chinese economy grows at a 5.2% annual pace in April-June quarter despite trade war
BEIJING (AP) — China's economy slowed in the last quarter as President Donald Trump's trade war escalated, but it still expanded at a robust 5.2% pace, the government said Tuesday. That compares with 5.4% annual growth in January-March. The government said Tuesday that in quarterly terms, the world's second largest economy expanded by 1.1%. In the first half of the year, the Chinese economy grew at a 5.3% annual pace. The Associated Press
