Watch: National business news headlines - June 2 - video Dailymotion

Watch Watch: National business news headlines - June 2 - Insider Media on Dailymotion

Transcript

00:00Hello and welcome to the latest Business Bulletin on Monday the 2nd of June.

00:05Vodafone and 3 have officially merged, forming a new mobile giant called Vodafone 3.

00:10The deal completed on May 31st, with Vodafone holding a 51% stake.

00:15The new firm plans to invest £11bn over the next decade in cutting-edge 5G.

00:20Max Taylor will lead as CEO, promising better service for millions of UK users.

00:25UK house prices rose 3.5% in May, up slightly from 3.4% in April, says Nationwide.

00:33Month-on-month prices climbed 0.5%, taking the average home to £273,427.

00:40That follows a small dip in April.

00:43Ryanair boss Michael O'Leary is set for a share bonus worth over £93m.

00:48He's qualified for the payout after shares hit a long-standing target set back in 2019.

00:53The deal gives him 10 million shares if he stays on until 2028.

00:59O'Leary has led the airline since 1994.

01:02The new boss of Dr Martens is set to unveil his turnaround plan this week.

01:06It comes as the bootmaker faces falling sales and profits, with results due Thursday.

01:11Shares have plunged over 80% since the firm listed in 2021.

01:16Investors are hoping the strategy update will kick-start a revival.

01:19The UK will build at least six new weapons factories to boost defence readiness.

01:25Defence Secretary John Healey says it will help deter threats and support a constant weapons supply.

01:31The £1.5 billion plan includes up to 7,000 UK-made long-range missiles.

01:36And last week, the government sold its final shares in NatWest, ending 16 years of public ownership.

01:42It marks a £10.5 billion loss for taxpayers since the 2008 bailout.

01:48NatWest, formerly RBS, was rescued with nearly £46 billion of state funding.

01:53The bank is now fully back in private hands.

01:56That's all for today. Thank you for listening.

01:58Thank you for listening.