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Liverpool leads UK cities in digital move

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Liverpool has just six per cent of legacy lines left to migrate ahead of the PSTN switch-off in January 2027, according to new data from Openreach.

Liverpool has the smallest share of legacy phone lines still to be upgraded of any of the UK’s 10 largest urban centres, with six per cent left to migrate before the old copper-based network is switched off at the end of January 2027, according to data published by Openreach.

The figures, which cover major cities and their surrounding areas, come with less than 20 weeks to go before the analogue Public Switched Telephone Network, or PSTN, shuts down.

Manchester is second, with just over seven per cent of legacy lines left, followed by Cardiff with just over eight per cent and Leeds with around 8.6 per cent, Openreach said.

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London has the largest share still to move, at around 13 per cent. Glasgow follows with just over 10 per cent, while Birmingham, Bristol and Edinburgh each have around nine per cent remaining.

Across the 10 cities and their surrounding areas, Openreach said around 90 per cent of legacy lines, more than six million, have migrated to digital services over the last five years. That leaves around 600,000 lines still to be moved before the PSTN switch-off.

James Lilley, director of All-IP at Openreach, said: “When it comes to preparing for the switch-off, our Northern cities appear to have a head start. But the bigger story is the progress being made right across the UK, with more than 90 per cent of legacy lines across ten major cities and their surrounding areas already upgraded to digital alternatives.”

“That means around seven million copper-based services have made the switch. But with more than 600,000 lines still to migrate, there’s no room for complacency.”

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Lilley said many organisations may not realise how many services other than phone lines depend on the old network.

“Many organisations may have already upgraded their phone line but may not realise how many other services still rely on the old network, from payment terminals and lift alarms to security systems, door entry systems and building management technology. Once the PSTN is withdrawn, those services could stop working unless they’ve been upgraded or replaced.”

“The reality is that the final migrations are likely to be the most complex and business critical. The organisations that act now will have more time to identify hidden dependencies, test new solutions and make the transition smoothly. Those that leave it until the last-minute risk unnecessary cost, disruption and pressure as the deadline approaches.”

Openreach is urging city-based businesses to speak to their service provider, establish which services could be affected and put a migration plan in place.

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“Inaction is no longer about uncertainty but preparedness, and those who wait risk leaving customers exposed to avoidable service disruption. The consequences go beyond technical issues, they can lead to lost revenue, operational difficulties and a poorer experience for customers,” Lilley added.

Nationwide, Openreach estimates around 1.5 million lines are still operating on the copper network, including around 350,000 business premises. It gave the same figures in July, when it warned businesses there were six months left before the network is withdrawn on 31 January 2027 and said there would be no extension to the deadline.

The switch-off has already prompted some firms to look again at their telephony, with Business Matters reporting on small businesses replacing landlines with virtual phone numbers and on the business VoIP phone systems available as alternatives.

Openreach said it has launched a range of migration offers, meaning a move to digital services can often be the more cost-effective option for customers.

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It has also raised prices on its legacy Wholesale Line Rental services to encourage migration. Under the schedule Openreach set out in February, rental charges rose by 20 per cent in April and 40 per cent in July, with a further 40 per cent increase due on 1 October that will leave them at double their 2025 level.

Amy Ingham
About the author

Amy Ingham

Amy Ingham is a reporter at Business Matters, covering UK business news with a focus on breaking news, business policy, late payments and insolvency. She joined the magazine in 2026 after completing the NCTJ Diploma in Journalism at Harlow College’s journalism school. Her recent reporting includes British Steel’s nationalisation and its impact on SME suppliers, the decline in late payments by large firms, and Insolvency Service director disqualifications. Reach her at aingham@cbmeg.co.uk.

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Maye Musk Reveals the One Piece of Business Advice Elon Ignored After Selling PayPal Two Decades Ago

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Elon Musk and his mother, supermodel Maye Musk at the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York

Maye Musk, the mother of Tesla and SpaceX Chief Executive Officer Elon Musk, said in a recent television appearance that her son ignored a piece of career advice she gave him after he sold PayPal, choosing instead to pursue several major ventures simultaneously rather than focusing on just one.

Speaking with Fox Business host Stuart Varney, Maye Musk recalled the moment her son first weighed his next move following the sale of PayPal, the online payments company he co-founded. According to Maye, Elon pursued electric cars, rockets and solar energy all at once rather than narrowing his focus to a single venture, a decision that ran counter to the advice she had originally offered him.

The story echoes an account Maye Musk gave in an earlier interview with Sports Illustrated, in which she described the exchange with her son in more detail. “Elon, after he sold his PayPal, he said, ‘What should I do? Should I do electric cars or solar energy or space?’ And I said, ‘Well, just choose one.’ And he didn’t listen to me, so there you go,” Maye said at the time.

Elon Musk’s decision to disregard his mother’s suggestion and pursue multiple industries at once ultimately shaped the trajectory of his career. Rather than settling on a single company, he went on to found or lead a cluster of major ventures across distinct sectors: Tesla in electric vehicles, SpaceX in rocketry and space exploration, and SolarCity in solar energy, the latter of which was later acquired by Tesla. That parallel approach, unusual among entrepreneurs who typically focus their attention and capital on a single business at a time, has become a defining characteristic of Musk’s career in the years since.

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Maye Musk, herself an international best-selling author, registered dietitian and Sports Illustrated Swimsuit cover model, has spoken publicly on multiple occasions about her son’s career and the qualities she believes set him apart. In earlier television appearances, she has described recognizing signs of exceptional ability in Elon from a young age, while also acknowledging that early promise does not guarantee later success. She has said that many people she considered geniuses in her own life did not go on to achieve comparable outward accomplishments, underscoring what she has described as the unpredictability of translating early intellectual gifts into major achievement later in life.

Maye Musk’s television appearances discussing her son have often touched on his public image alongside his business ventures. In one prior appearance on Varney’s program, when asked directly whether people actually like her son given his wealth and prominence, she responded enthusiastically in the affirmative. When Varney pressed further, noting that Elon carries the distinction of being the world’s wealthiest individual, Maye pushed back on the framing of that wealth itself. “I don’t like the word wealthy or billionaire or things like that because I think it’s degrading,” she said. “I think he’s the genius of the world, and people are loving him for that.” She added that the public reaction she personally encounters reflects that same sentiment. “When they see me, they go crazy because I’m his mother,” she said, adding, “They respect him, and I’m very proud of him.”

Maye Musk has continued to speak about her son’s career and public reception in interviews throughout 2026 as well. In a separate conversation with “CBS Mornings” co-host Gayle King, she described her son as someone who “just wants to do good in the world, but that means you stand on a lot of toes,” while expressing frustration with critics she views as unfairly targeting him. “People are mean,” she said. “And they’re strangers, or they’re not accomplished themselves, and then they can do insults. It makes me angry.” She added that she wants the public to understand her son’s underlying motivations. “He does whatever is best for America and what’s best for the world,” she said, before referencing his long-standing ambition for SpaceX. “And then, if we don’t listen, then let’s go to Mars.”

Elon Musk’s decision to build out multiple ventures simultaneously rather than concentrating on a single business has drawn significant attention from business commentators over the years, with some crediting the approach for the scale of his eventual success and others noting the substantial financial and personal risk inherent in spreading resources and attention across capital-intensive industries including automotive manufacturing, aerospace and energy at the same time. Whatever the broader assessment, Maye Musk’s own retelling of the exchange suggests she remains somewhat bemused by her son’s decision to disregard her original advice, even as that decision helped shape the career that has since made him one of the most closely watched entrepreneurs in the world.

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Maye Musk has continued to make regular media appearances discussing her son’s career, public perception and personal life, offering a recurring window into how the family has processed Elon Musk’s rise from a young entrepreneur weighing his next career move after selling PayPal into the head of multiple major companies spanning some of the most closely watched industries in the global economy today.

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California governor orders AI safety measures after recent incidents

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Corpay reaches $100 million settlement with FTC

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Corpay reaches $100 million settlement with FTC

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Slideshow: Beverages with benefits | Food Business News

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Slideshow: Beverages with benefits | Food Business News

KANSAS CITY — Companies are brewing up beverages with functional benefits.

Nestle is formulating an oral rehydration solution intended for children under its Gerber brand with Gerberlyte. The beverage is formulated with coconut water, electrolytes and 25% of the daily recommended intake of zinc per 12-oz serving. The beverage is available in flavors such as kiwi, berry blend and tropical punch.

“We heard from parents that they need simple, trusted solutions they can feel confident giving their children, whether they’re managing a stomach bug or replacing fluids after a long day of outdoor play,” said Oscar Benitez, president of Gerber. “For nearly 100 years, we’ve helped parents nourish their little ones, and with Gerberlyte, we’re extending the trusted quality and expertise families know from Gerber to new moments when hydration support matters most.”

Medici Brands, Inc. is unveiling a David Protein branded protein shake. The ready-to-drink beverage is formulated with ultrafiltered milk and contains 30 grams of protein, 140 calories to 150 calories and less than 1 gram of sugar. The milkshake is offered in vanilla and chocolate flavors.

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USANA Health Sciences, Inc. is introducing a protein beverage formulated with prebiotics to its Rise Wellness Brand. Protein Pop Balance is formulated with 15 grams of protein, including 10 grams of clear whey protein isolate, along with 5 grams of collagen and 5 grams of fiber. The soda is sweetened with stevia leaf extract blend and is free from caffeine. The lineup includes lime slush, tropical pineapple, watermelon lime and fruit punch flavors.

“Protein Pop Balance is all about giving people a lighter way to stay on track,” said Darin Perry, chief executive officer of Rise Wellness. “It’s a smart way to support your gut and your protein goals at the same time — without it feeling heavy. Balance brings together prebiotics, protein, collagen and fiber in one can that’s easy for consumers to grab and go.”

View slideshow of new products on the shelves

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Helvetia Baloise Holding AG 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:HLVTY) 2026-09-18

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

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Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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WK Kellogg supports regen ag program in UK

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WK Kellogg supports regen ag program in UK

BATTLE CREEK, MICH. — WK Kellogg Co has partnered with Belgian agricultural services company Soil Capital to support a large-scale wheat sourcing program that will help British farmers adapt regenerative agricultural practices.

Over the next five years, both companies will work with 25 wheat farmers across almost 4,000 hectares (9,880 acres) of UK farmland, providing guidance and financial incentives to growers. They also will have access to tools combining field data, soil measurements and satellite monitoring to track selected indicators over time, WK Kellogg said.

The program will support 100% of locally sourced wheat for various British Kellogg’s cereals, including Special K, where two million bowls are made every hour at the company’s facility in Wrexham. It also will strengthen UK wheat supply chain resilience and contribute to reducing emissions in its agricultural supply chain, the company said.

Kellogg said early feedback for the program has been good. Data from the 2025 harvest show that direct drilling, one of the core practices used to improve soil health and farm resilience, across the whole farmed area increased by 14% and across the wheat area increased by 56%. One wheat farmer said the financial support he received from the program allowed him to “decrease the amount of fertilizer used in favor of organic poultry manure, which is kinder to the soil and improves organic matter.” Another farmer found positive differences in his soil structure, “including improving the infiltration of water, when compared to a neighboring farm.”

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“At a time when UK farmers are facing challenges, from unpredictable weather, to pressure on productivity, we’re proud to support wheat growers to adopt practices intended to strengthen the resilience of their farms,” said Dean O’Brien, UK general manager of WK Kellogg Co. “We’ve been at British breakfast tables for over 100 years and we know that we couldn’t do that without the passion and commitment of British farmers to provide the quality ingredients we need to make our iconic cereals.”

Kellogg has worked with UK wheat farmers for more than a decade, sourcing more than 20 thousand tonnes of UK wheat each year for its British cereals.

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Social Security’s Maximum Benefit Could Rise to $5,362 a Month in 2027 Under Latest Forecast 3.5% COLA

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Social Security Cards

Social Security recipients who receive the program’s highest level of benefits are positioned for another increase in 2027, though the exact size of that boost will not be confirmed until federal officials release the official cost-of-living adjustment next month.

The Social Security Administration is scheduled to announce the official 2027 cost-of-living adjustment, commonly known as the COLA, on October 14. The annual figure is calculated based on the average year-over-year change in the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W, measured across July, August and September.

Ahead of that official announcement, the nonprofit advocacy group The Senior Citizens League has projected the 2027 COLA will land at 3.5%. If that prediction holds, the average Social Security benefit check would rise by $67.90. The average monthly Social Security benefit currently stands at $1,940.08, meaning a 3.5% increase would push the typical monthly payment to $2,007.98.

The relatively small share of beneficiaries who receive Social Security’s maximum monthly payment stand to see a proportionally similar increase. According to figures cited by 24/7 Wall Street, Social Security’s current maximum monthly benefit is $5,181. Under the Senior Citizens League’s projected 3.5% COLA, that maximum payment would rise to approximately $5,362 a month in 2027.

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Reaching that maximum benefit level remains rare among Social Security recipients. Experts estimate only about 1% of beneficiaries actually receive the full monthly maximum of $5,181, equivalent to $62,172 annually, while just 1.4% of retirees receive more than $50,000 per year in total Social Security income.

How Social Security payments are calculated
The size of an individual’s monthly Social Security check depends on a combination of factors, primarily lifetime earnings history, the age at which someone retires, and when they choose to begin drawing benefits. Because those variables differ from person to person, the Social Security Administration has said there is “no simple maximum amount that covers everyone receiving retirement benefits.”

To calculate an individual’s monthly benefit, the Social Security Administration reviews a worker’s 35 highest-earning years and adjusts those earnings for inflation. Higher lifetime earnings during those top-earning years translate directly into a higher monthly benefit once someone begins claiming. For 2026, Social Security’s taxable wage cap stands at $184,500, meaning any income earned above that threshold in a given year is not subject to Social Security payroll taxes and does not factor into future benefit calculations.

Birth year and claiming age represent the other two major variables shaping an individual’s benefit amount, and the two factors are closely linked. A person’s birth year determines the age at which they reach “Full Retirement Age,” the point at which they become eligible to claim their full, unreduced benefit. For anyone born after 1960, that Full Retirement Age is currently set at 67.

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Workers can begin claiming Social Security benefits as early as age 62, though doing so results in a permanently reduced monthly payment, with benefits reduced by one-half of one percent for each month claimed before reaching Full Retirement Age. Conversely, delaying benefits beyond Full Retirement Age up to age 70 increases the eventual monthly payment by roughly 8% for each year of delay, giving workers a meaningful financial incentive to postpone claiming if they are able to do so.

Those dynamics produce a wide range of maximum monthly payments depending on claiming age. For workers who earned at least the taxable wage cap across their 35 highest-earning years, the Social Security Administration’s maximum monthly payment figures for 2026 are $2,969 for someone claiming at age 62, $4,152 for someone claiming at Full Retirement Age, generally 67 for most current retirees, and the full $5,181 maximum for those who wait until age 70 to begin claiming benefits.

Social Security payments have been automatically adjusted for inflation on an annual basis since 1975, a mechanism designed to help beneficiaries’ purchasing power keep pace with rising consumer prices over time. The largest cost-of-living adjustment in the program’s history came in 1980, when high inflation drove benefits up by 14.3% in a single year. More recently, the 2026 COLA, which took effect in January of this year, came in at 2.8%, raising the average monthly benefit for a retired worker by approximately $56, from $2,015 to $2,071, according to Social Security Administration estimates.

With the official 2027 COLA announcement still roughly a month away, the Senior Citizens League’s 3.5% projection remains an estimate rather than a confirmed figure, and the final number could shift depending on how inflation data for the remaining months of the measurement period comes in. Beneficiaries will not know the precise size of their 2027 benefit increase, including the updated maximum monthly payment figures across all three claiming ages, until the Social Security Administration releases its official calculation on October 14, a announcement that will also typically include updated figures for the taxable wage cap and other inflation-adjusted program thresholds for the coming year.

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Amer Sports, Inc. (AS) Analyst/Investor Day Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript