BT replaces Openreach boss in latest management shake-up

The head of BT’s infrastructure arm, Openreach, is to step down after nearly a decade, having almost completed a £12bn rollout of full fibre broadband to 25m homes.Clive Selley, who was tasked by the former BT chief Philip Jansen to “build like fury” to address the UK’s status as global laggard in the introduction of high-speed broadband, will become the boss of BT’s international division.Selley is being replaced by his deputy, Katie Milligan, who will decide on whether to further expand the fibre network to 30m homes by 2030.The change in management is the latest in a shake-up by Allison Kirkby, BT’s first female boss, who has changed 10 of the 11 members of the telecoms group’s executive committee since she took over in February 2024.After joining in 2016, Selley was tasked with upgrading the ageing Openreach network, which provides broadband across the UK, to full fibre

BP halts share buy-backs as annual profits slide

BP has halted share buybacks after reporting weaker annual profits as it prepares to continue a plan to resuscitate its fortunes under a new chief executive.The company became the first large oil company to suspend its buybacks after its underlying earnings fell to just below $7.5bn (£5.5bn) for 2025, down from almost $9bn for 2024.Oil companies have reported weaker profits over the last year after global prices fell for a third consecutive year and at the steepest rate since the Covid pandemic

Telstra joint venture to axe more than 200 jobs amid AI rollout

More than 200 Telstra jobs are expected to be cut, as the telco rolls out AI capabilities and sends some jobs to India.Telstra and the technology consultancy Accenture announced a $700m joint venture (JV) in 2025 to drive efficiency, modernisation and productivity.A JV spokesperson confirmed on Tuesday that the team had been notified “about proposed changes to its workforce, including reducing roles where work is no longer needed, and moving some work to the JV team in India”.If the changes proceed, the spokesperson said, affected team members would be helped to find new jobs either at Telstra or at Accenture, or have “access to our leading career transition program and retrenchment benefits”.Sign up: AU Breaking News email“These changes would see the JV use Accenture’s global capabilities, advanced AI expertise and specialist hub in India to deliver Telstra’s data and AI roadmap more quickly

Europeans shunning US as Emirates and Asia travel prove popular, says Tui

Europeans are booking fewer trips to the US, Europe’s biggest travel operator has said, as appetite for long-haul travel wanes and concerns linger around Donald Trump’s immigration policies.Tui, which receives most of its bookings from customers in Europe, has seen “significantly lower demand” for travel into the US, according to its chief executive, Sebastian Ebel.“What we do see is growing business to the Emirates and Asia,” he said. “We also see European demand to the Caribbean, which – due to capacity – had not been the biggest priority in the past, but there we see now potential again to grow.”It comes amid signs that demand for long-haul travel across the Atlantic is waning

NatWest is chasing the mass affluent wallet. So is everyone else | Nils Pratley

Announce a £2.7bn acquisition and watch your stock market value fall by £3.1bn.NatWest picked a bad day to announce its big move in the fashionable field of “wealth management” – the noise from Westminster created a poor backdrop for UK assets such as gilts and domestic banks. But the main problem with its Evelyn Partners deal is that it is very much of the “one for the long term” variety

Rise in UK borrowing costs reverses after cabinet backs Starmer

UK borrowing costs dipped back on Monday after rising earlier in the day, as cabinet ministers voiced support for the embattled Keir Starmer.The yield, or interest rate, on UK benchmark bonds initially increased on Monday as traders reacted to Sunday’s resignation of the prime minister’s chief of staff, Morgan McSweeney, over the decision to appoint Peter Mandelson as ambassador to Washington.Yields rose further after the Downing Street communications director, Tim Allan, resigned on Monday morning, with long-term borrowing costs then hitting their highest level since November, as the Scottish Labour leader, Anas Sarwar, called on Starmer to stand down as prime minister.With the Conservative leader, Kemi Badenoch, saying Starmer’s position was “untenable” after the departure of McSweeney, and the Green party leader, Zack Polanski, agreeing he should resign, the City of London was weighing up the prime minister’s survival chances, and assessing the impact of likely replacements on the public finances and the economy.At one stage, the yield on 10-year UK government debt rose by as much as 7 basis points (0

UK borrowing costs rise, then dip, as pressure grows on Starmer; Japan’s Nikkei hits record high after Takaichi’s election win – as it happened

UK borrowing costs are pushing higher, as pressure continues to mount on Keir Starmer.The yield, or interest rate, on 10-year government bonds is now up 7 basis points (0.07 percentage points) to 4.59%, as gilt prices continue to drop.That’s close to the two and a half-month high touched last week

NatWest to buy wealth manager Evelyn Partners for £2.7bn

NatWest has agreed a £2.7bn deal to buy Evelyn Partners, one of the UK’s biggest wealth managers, in the bank’s largest acquisition since it was bailed out by taxpayers in 2008.The move signals an attempt to bolster the wealth management business for the banking group, which returned to full private ownership last year, and already owns the private bank Coutts.It makes NatWest the latest among the big four banks to push more forcefully into wealth management. Rivals including HSBC, Lloyds Banking Group and Barclays have been working to lure more fee-paying affluent customers, ensuring lenders are less reliant on income from everyday loans that are linked to the rise and fall of interest rates

EU urged not to roll back green agenda in effort to revive faltering economy

EU leaders have been warned against a rollback of the green agenda before a summit focused on reviving the bloc’s waning economy.Campaigners from the Climate Action Network, a pan-European group of NGOs, said European industry was “under real pressure” from “high energy prices, ageing assets, global overcapacity and delayed investments”, but these issues could not be solved by watering down climate and environmental policies.“Deregulation is not an industrial strategy,” the group wrote in an open letter, which argued that the problems facing energy-intensive industries, including steel, cement and chemicals, were driven by prices of fossil fuel-derived energy and global market dynamics, rather than environmental regulation.The EU economy has been under pressure over the last year amid Donald Trump’s US tariff trade war. Last week the president of the European Central Bank, Christine Lagarde, said the eurozone economy “remains resilient in a challenging environment” but the outlook was “uncertain” as it left interest rates on hold

Experts sound alarm over UK exports to firm linked to Russian war machine

The government has been urged to re-examine a British company’s contract to export hi-tech machinery to Armenia, after the Guardian uncovered links to the supply chain for Russia’s war machine.Sanctions experts and the chair of the House of Commons business committee questioned the government’s decision to award an export licence to Cygnet Texkimp.The engineering company makes machines that produce carbon fibre “prepreg”, a lightweight and durable material that can be used in a wide range of civil and military applications.The machines are understood to be undergoing final assembly at the company’s warehouse in Northwich, Cheshire, and could be just weeks away from being exported to a newly formed company in Armenia called Rydena LLC.Rydena was established two years into Russia’s invasion of Ukraine by former executives of a company that has emerged as one of the Kremlin’s important military suppliers

Government on track to lower minimum age for train drivers to 18 in Great Britain

Labour will introduce legislation to lower the minimum age for train drivers to 18 in the House of Commons this week, as figures show fewer than 3% of drivers on Great Britain’s railways are under 30.The government is pressing ahead with its proposals for teenage recruits, lowering the minimum age from 20, in a move that ministers hope will stave off a potential shortage of thousands of drivers.A looming mass exodus through retirement threatens to intensify driver shortages and worsen train reliability, with a lack of crew already a big cause of late-notice cancellations.The current average age of Great Britain’s 24,000 train drivers is 48, and about 25% of them will reach retirement age before 2030.According to a National Skills Academy for Rail report, that could mean a shortfall of 2,500 drivers in four years’ time

Mandelson revelations show need for tougher UK constraints to resist rule of the rich | Heather Stewart

Peter Mandelson’s personal disgrace is deep and unique, and may yet bring down a prime minister – but by laying bare the dark allure of the “filthy rich”, it also underlines the need for tougher constraints on money in politics.It is hard to know what system or process could have shielded sensitive government decisions from the risk that a senior cabinet minister might nonchalantly pass on the details to a friend, the convicted sex offender Jeffrey Epstein.But Epstein’s efforts to influence government policy – working to water down Alistair Darling’s bonus tax at a time when the banks had crashed the British economy, for example – underline the powerful forces with which politicians are faced.One bulwark against this is the expectation that most will display a probity and strength of character Mandelson clearly lacked.The Bank of England governor, Andrew Bailey, spoke for many on Thursday when he unfavourably compared the disgraced Mandelson with the late Alistair Darling

Red lentils, and lamb and barley: Ilhan Mohamed Abdi’s soup recipes for Iftar

There is nothing quite like that first bite after a long day of fasting. It’s quiet, intentional and deeply comforting. The stillness just before sunset gives way to movement – the table being laid, the clinking of glasses, the pause as everyone waits for the call to prayer. Then, with a date in hand and water on the tongue, the fast is broken. That moment never loses its meaning, no matter how many times you experience it

RecipeTin Eats founder farewells Dozer the golden retriever: ‘I will love you and miss you forever’

Nagi Maehashi, the celebrated cook behind RecipeTin Eats, has announced the death of her beloved canine companion, Dozer, on Sunday, saying the cover star of her bestselling cookbooks would be missed “forever”.Dozer, a golden retriever, was Maehashi’s supporting star on her hyper-popular cooking blog and featured in many images and stories in her two books: Tonight and Dinner. Dinner was released in 2023, and became the fastest-selling cookbook in Australian publishing history. Maehashi’s blog receives more than 500 million hits each year.On social media, Maehashi said Dozer, who was 13, was hospitalised at the vet in January with a lung infection, which was complicated by his older age and existing medical conditions

How to cook the perfect brigadeiros for Valentine’s Day – recipe | Felicity Cloake's How to cook the perfect …

If you’re not au fait with these soft, chocolatey treats, you clearly haven’t spent much time in Brazil, where, in the words of blogger Olivia Mesquita, they’re national treasures, “a must-have at special celebrations, from kids’ parties to weddings”. As content creator Camila Hurst puts it, “It’s basically not a party without them.” Quick and simple to make from everyday ingredients, they’re also an ideal last-minute gift for someone you love.Older recipes tend to call for hot chocolate powder, but plain cocoa powder makes for a less intensely sweet result. Mesquita’s book, Authentic Brazilian Home Cooking, uses dark chocolate, and TV chef Leticia Moreinos Schwartz suggests combining the two

Cylla, Birmingham: ‘Maybe the best potato side dish being served in the UK today’ – restaurant review | Grace Dent on restaurants

Punchy cocktails and roaringly traditional Greek food in the heart of BirminghamCylla, a classy Greek restaurant on Newhall Street, Birmingham, draws inspiration, it says, from Scylla, the legendary Greek man-eating sea monster that lives close to the whirlpools of Charybdis. She’s a beautiful woman, but has six dog heads, all grumpy and snarling, as well as a serpent’s tail.If Scylla herself were ever to turn up at Cylla, dogs’ heads barking and tail flapping, they’d have to seat her in one of the gorgeous private booths at the front as you enter the room. These are the spots to grab if you want a little privacy, which is why we eschewed the long, prettily lit cocktail bar and headed straight to this cosy hidey-hole for a round of Poseidon’s Wrath. “It’s a bit like a dirty martini,” explained our server, who was one of those warm, bright, commanding, knowledgable souls who, in a hospitality setting, is worth her weight in drachma

Spice up your life! 17 soups with a kick – from chicken curry laksa to roast pumpkin

Technically, many soups are spiced in some way, even if it’s just with pepper. But we all know what is meant by a spiced soup: something with a jolt to it, and a bit of heat to warm up a winter evening. When it comes to soup, spice is the ultimate companion to a main ingredient that may otherwise be considered boring or bland. In this sense, the spices are the most important component: they are what the soup will taste of.But which spices go with which ingredients, and how? Here are 17 different recipes to help you figure that out

Helen Goh’s recipe for Valentine’s chocolate pots de creme for two | The sweet spot

These chocolate pots are dark, silken and softly bitter, with enough richness to feel a little decadent, but not heavy. Make one to share or two individual ones, depending on your mood. They can be made ahead, anywhere from an hour to a full day in advance, and will keep happily in the fridge. If they’ve been chilled for more than a couple of hours, let them sit at room temperature for about 20 minutes before serving. They should feel cool against the spoon, but not fridge-cold, which dulls their luxurious texture

Craft beer has gone stale: let’s hear it for age-old favourites | Richard Godwin

The writer Vladimir Nabokov was extremely particular when it came to language, and rather more basic when it came to sustenance: “My habits are simple, my tastes banal,” he once told an interviewer. “I would not exchange my favourite fare (bacon and eggs, beer) for the most misspelt menu in the world.”I’ve often thought of this as I’ve perused misspelt beer menus over the years, wondering what Nabokov would make of all the hazy dubble IPAs and triple brown mocha porters, because, over the course of what we might have to label the “craft era”, beer has become anything but simple. You may well have lamented this, too, especially if you’ve ever been cornered by an enthusiast at a party. India pale ale (IPA), for example, which was once a distinctly British style of ale designed for export, has, in the hands of American craft brewers, become a sort of standard-bearer for complicated beer: aggressively hopped, often startlingly bitter and/or sour, and redolent of a bygone era of millennial hipster striving

What a ​four-​year-​old ​taught ​us ​about the ​magic of ​baking​ a chocolate ​cake

Valentine’s is on the horizon, which means we are about to officially enter chocolate cake season – that soft-focus part of winter when confectionery and romance blur together. For our four-year-old goddaughter, it is always that time of year. Just hearing the two words together makes her roll her eyes and roll out her little tongue in anticipation of pleasure, like a cartoon kid. When we told her we would come and bake a chocolate cake with her, there were squeals of joy.Settling on a recipe was the first challenge – Ravneet Gill’s fudgy one, Felicity Cloake’s perfect one and Benjamina Ebuehi’s traybaked one were all contenders

Rachel Roddy’s recipe for pork ragu with herbs (for gnocchi or pasta) | A kitchen in Rome

It’s 10.30am and steam carrying the smell of onions, beans, cabbage and braised meat escapes from the kitchen in the corner of box 37 on Testaccio market. In the small kitchen is Leonardo Cioni, a tall chef from San Giovanni Valdarno, midway between Florence and Arezzo, who, for the past three-and-a-half years, has run box 37 as Sicché Roba Toscana, which roughly translates as “therefore Tuscan stuff”. The escaping steam is effective advertising, leading eyes to the blackboard above the counter to discover exactly what is going on in the back.Always on the menu is lampredotto

Rich plums and ripe tomatoes: Australia’s best-value fruit and veg for February

Tomatoes ripe for cooking, cheap watermelon and cucumbers for $2 a piece – but it’s the final call for apricots, cherries and mangoesGet our weekend culture and lifestyle emailJuicy watermelon, deep-purple plums and ripe roma tomatoes are some of the vibrant fruit and veg highlights this month, says Graham Gee, senior buyer at the Happy Apple in Melbourne.“Tomatoes are plentiful, in particular the saucing varieties,” he says. “Roma varieties are sold nice and ripe, ready to make passata.” Cooking tomatoes are roughly $2 a kilo at the Happy Apple, with Australian field tomatoes going for about $5 a kilo in supermarkets.Watermelon is “very cheap”, says Michael Hsu, operational manager at Sydney’s Panetta Mercato

How to make moreish cookies from store-cupboard odds and ends – recipe | Waste not

I often eat a bag of salty crisps at the same time as a chewy chocolate bar, alternating bite for bite between the two, because the extreme contrast of salt from the chips and the sweetness of the chocolate fire off each other and create an endorphin rush. The same goes for these cookies, adapted from a recipe by Christina Tosi at New York’s legendary Milk Bar.Christina Tosi writes in Gourmet Traveller Australia how she first learned to make these cookies at a conference centre on Star Island, New England, where they’d bake them each week with a hodge-podge of different ingredients. Being on an island, they didn’t always have access to what they wanted, so they had to come up with a new recipe every week using whatever they had. In the spirit of the recipe’s origins, I’ve adapted Tosi’s recipe for the UK, and made it flexible, so you can raid your own store-cupboards and adapt and invent your own version from it

Camilla Wynne’s recipes for blood orange marmalade and no-bake marmalade mousse tart

If you’re intimidated by making marmalade, the whole-fruit method is the perfect entry point. Blood oranges are simmered whole until soft, perfuming your home as they do so, then they’re sliced, skin and all, mixed with sugar and a fragrant cinnamon stick, and embellished with a shot of amaro. Squirrel the jars away for a grey morning, give a few to deserving friends, and be sure to keep at least one to make this elegant mocha marmalade mousse tart. A cocoa biscuit crust topped with a chocolate marmalade mousse and crowned with a cold brew coffee cream, it’s a delightful trifecta of bitterness that no one will ever guess is an easy no-bake dessert.If you’re not up for preserving, make this using shop-bought thick-cut marmalade