BT Group plc (BT)
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BT reaffirms full-year outlook as first-half revenue drops 3%
2021-11-04 04:25BT Group PLC (LSE:BT.A) confirmed its outlook for the current and full year 2023 after it reported a 3% fall in revenue and a 1% rise in underlying profits for the first six months. The company also said it expects an increase in cash flow in the long term when it has built most of its full fibre broadband network.
BT Group, Sainsburys and the Bank of England in Thursday's spotlight
2021-11-03 11:52BT Group, Sainsbury's and takeover talk are likely to be the main focus for investors in early proceedings but thoughts have been turning towards Thursday's Bank of England meeting for some weeks now. The will-they-or-won't-they arguments about an interest rate hike have been frenzied since governor Andrew Bailey said that the central bank “will have to act” to rein in inflation, with chief economist Huw Pill chiming in a few days later to add that the Monetary Policy Committee would face a “live” decision on whether to raise rates.
BT Group and J Sainsburys in Thursday's spotlight
2021-11-03 10:55Takeover talk may make headlines for BT Group PLC (LSE:BT.A) or at least it may be the subtext to what could be a defensive statement. BT's recently appointed advisory firm Robey Warshaw to head off any potential takeover attempt from French billionaire and shareholder Patrick Drahi.
BT Group surges as it confirms it is ahead of plan on cost-cutting
2021-11-01 19:53BT Group PLC (LSE:BT.A) saw its shares rise 4.6% to 145.3p after it confirmed weekend press reports that it is well ahead of schedule on its costs savings programme. The telecommunications giant said it has delivered on its £1bn of gross annualised cost savings 18 months ahead of the March 2023 target.
Volt heaps pressure on BT as Deutsche Bank repeats 'sell' advice
2021-10-18 10:46BT Group PLC is facing increasing headwinds according to analysts at Deutsche Bank, which has reiterated its sell rating but cut its target price to 125p. Since news of Patrick Drahi acquiring a 12% voting stake, BT shares have since fallen from 200p to 140p, which the broker side was its previous target.
BT: Why the share price revival may be about to unwind; a leading bank has its say
2021-10-13 06:50Some interesting analysis from our friends at Swiss bank UBS assessing the prospects for BT Group PLC. It is one of three sellers of the stock out of the 23 listed as covering the telco, which puts it in the minority – which in our view merits attention.
BT Group faces full trial over £600mln landline compensation claim
2021-09-29 11:27BT Group PLC (LSE:BT.A) is facing a full court trial that could lead to a £600mln compensation payout after the Competition Appeal Tribunal (CAT) backed a class action claim alleging that the company overcharged for landline contracts. The CAT unanimously decided that the claim should move to a full trial.
BT Group faces full trial over £1.2bn landline compensation claim
2021-09-29 09:08BT Group PLC is facing a full court trial that could lead to a £1.15bn compensation payout after the Competition Appeal Tribunal (CAT) backed a class action claim alleging that the company overcharged for landline contracts. The CAT unanimously decided that the claim should move to a full trial.
BT Group may be set for ‘modest upside' from DAZN deal, but Sky pact is seen as an obstacle
2021-09-22 09:54The sale of BT Sport promises upside for BT Group Plc shareholders as the market gives the telecoms only limited credit for the sports broadcasting business, according to UBS. A report in the Financial Times on Tuesday said BT was in advanced talks with DAZN, a streaming service sometimes referred to as ‘the Netflix of sport', which could acquire BT Sport in a deal pitched “in the region of hundreds of millions of pounds”.
BT Group Plc shares rise amid fresh reports of DAZN deal for BT Sport
2021-09-21 09:30BT Group Plc saw its shares rise in Tuesday's trade amidst fresh reports that the DAZN streaming platform is closing in on a deal to acquire BT Sports. In London, BT shares were up 2.19% changing hands at 158.7p.