Rolling coverage of the latest economic and financial news, including reaction to Labour’s pledge to bring BT under partial state ownership if elected
- Shadow chancellor details Openreach plans
- Rival TalkTalk stalls sale of fibre arm amid Labour pledge
- Full story: Labour pledges free broadband for all homes and firms in UK
The Press Association is reporting that shareholders have lost a high court battle over the 2008 takeover of HBOS.
The case was brought by almost 6,000 private investors who claimed they were not provided with the full details about the financial health of HBOS before the deal went through.
#Breaking Lloyds shareholders have lost a multimillion-pound High Court action over the acquisition of HBOS
While the big tech giants will be taxed to help fund the broadband scheme, McDonnell says the cash will actually be funding the infrastructure that their businesses run on:
Yes, tech giants like Google and Facebook will have to pay a bit more for internet connectivity that they all benefit from.