Company
BT Group PLC
LON:BT.A
Operating in over 170 countries, BT is one of the world’s leading providers of communications solutions and services.
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BT faces regulatory probe over contract price rises
The summary must include key information about the price, length of the contract and termination
FIVE at FIVE: New era for UK space; BT upgraded; FTSE100, AstraZeneca to buy CinCor; Lloyds top for value seekers
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
BT upgraded to 'buy' as Citi sees trends improving
BT has some things that could move in its favour, Citi suggests
FIVE @ FIVE: BT Group looming price hike, food price inflation in focus, North Sea oilers tipped for upside, and BONK
This afternoon's whip-around of a few Proactive highlights for the day.
BT's broadband arm to be overtaken in 2023, suggests Deutsche Bank
“The marketing and filling of these new networks, which collectively are likely to exceed the size of BT Openreach's in early 2023, represents a considerable threat"
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FTSE 100 closes firmly down as hopes of festive stock rally fade
The UK's top share index closed 94 points lower, or 1.27% at 7,332
Fast fibre rollout at record pace as CityFibre targets BT/VM02 duopoly
CityFibre was formed in 2011 and is the largest independent, wholesale-only fibre operator, with its internet reaching 2mln homes
BT warned pension fund needs more cash by trustees
“We have become more cautious in how we manage the scheme’s liquidity," the management of the BT pension fund said in a letter seen by the FT
BT Group still a 'buy' for Jefferies, with report Openreach cutbacks hitting fibre expansion 'misleading'
Jefferies has a 250p share price target on BT Group, with the stock currently trading at 125.45p
BT surrounded by too much external uncertainty say brokers
BT Group remains only a 'hold' for broker Berenberg after a meeting with the head of its consumer division
BT boss U-turns on pay after government energy bills help - report
In June, the company blamed surging energy bills and other costs for its reluctance to increase pay
BT dividend looks exposed as cash pressures mount
Around 40,000 staff walked out on strike in October with more industrial action threatened
BT Group raises cost-savings target to fund fibre build
The group increased its full-year 2025 cost-savings target by £500mln to £3bn and reported a big fall in broadband customers as it unveiled half-year numbers today
BT shares rise ahead of results despite torrent of bad news
UK telecoms competition is stiffening, there are concern over rising interest rates, a pay dispute is unresolved, there were recent alarms for its pension fund and a fine for its accountant over audit failings
BT’s Openreach reportedly looking to offer lower wholesale rates to providers
Providers could be offered lower prices to use Openreach’s network throughout the UK, potentially benefitting customers
BT and Openreach staff striking again today
Prior to 29 July BT had not faced any industrial action for nearly 40 years
BT, Royal Mail and offshore workers strike again as disputes continue
Offshore, Royal Mail and telecom workers are all taking part in industrial action, as disputes with employers continue over pay and conditions.
BT pension scheme lost over a fifth of value due to mini-budget
Unlike some other companies, BT Group was not forced to provide any cash to cover the fall in the value of the assets
BT, Virgin and rivals reach 37% full-fibre broadband coverage of UK
A download speed of at least 10Mbps and an upload of 1Mbps is the core requirement of the government’s broadband Universal Service Obligation (USO) in 2020
BT mobile arm EE faces Ofcom probe over contract compliance
New rules introduced in June require telecoms companies to provide customers with a short summary of the main contract terms
BT calls for three days a week office return
BT’s directive comes as more staff this week threatened to walk out over pay
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Market movers: JTC shares surge as fund manager reports growth in both H1 revenues and profits
A look at some of the risers and fallers in the market today
BT Group upped to 'hold' from 'sell' by Deutsche Bank as unchanged 140p target price achieved
The analysts said BT shares are more than 20% lower than when they downgraded to 'sell' in June last year
BT shares downgraded amid concerns about business-facing unit, alt-nets and capex
The pressures on BT's business-facing units had perhaps previously been underestimated, analysts said
BT employees begin two-day strike, govt targets foreign labour
BT said the pay rise is its largest in 20 years and represents an average increase of around 5%
BT: waving through of Drahi's stake-building throws more fuel on fire
The government said it will continue to assess acquisitions “on a case by case basis”
UK government takes no action on Altice stake in BT Group
Business Secretary Kwarteng used his call-in power in May to look at the Altice move
BT to join summer of discontent with late-August strike
The FTSE 100 company said it will look to reduce the impact of industrial action by postponing any non-essential planned
BT audit failings land PWC £1.75mln fine
BT eventually took a £513mln charge for the fraud in its Italian arm
BT reports first sales growth since 2017 and says current trading in line
The telecoms giant faces widespread strike action over the next two weeks as workers demand pay increases
Week ahead: Avalanche of news including Lloyds Bank, Shell, Apple, Amazon and US rate decision
It's an absolute flood of news next from tech giants, household names and even the Federal Reserve chipping in
BT Group outlook clouded as industrial action looms
Investors will be looking for reassurance from telecoms giant when it reports Q1 results on Thursday with threats of industrial action on the horizon and economic pressures building on the business
BT and Warner Bros sports joint venture cleared by UK competition watchdog
The joint venture is expected to be completed in the coming weeks
BT and ITV investigated over potential pay fixing for sports freelancers
The CMA is investigating the broadcasters under Section 25 of the Competition Act, which focuses on potential cartels
BT takeover bid to be blocked by Kwarteng
Primary shareholder Drahi increased his stake in December 2021
Strike call to dominate BT's quarterlies suggests Citi
Growth in the consumer and broadband arms will offset declines in Enterprise and GS
FTSE 100 ends flat as Wall Street dips again after dire first half to 2022
At the close, the UK blue-chip index was just 0.63 points lower at 7,168.65, below the session peak of 7,214.82 but well above the day’s low of 7,101.38
BT has prepared for potential strike amid political pressure not to hike pay offer
The company's main trade union will announce the result of its strike ballot tomorrow afternoon, with analysts expecting a 'yes' vote
When is a food bank not a food bank: BT disputes union claim
Earlier this week the telecoms group held a virtual town hall meeting where boss Philip Jansen, who saw his own pay rise 32% this year, said a strike would “damage the business” by harming customer relationships
BT and Vodafone set to meet culture secretary over cost of living crisis
Berenberg warns that mass-market pricing could damage investment in the sector
BT Group workers begin ballot on potential strike
It is expected that the ballot result will be announced before the end of June
BT complains about lack of govt support in broadband rollout, as 'alt net' rivals threaten
The boss of BT's Openreach arm said difficulties in hiring enough skilled staff from abroad was “constraining the rate of fibre build”
BT's sports arm merger with Discovery facing competition scrutiny
A merged BT/Discovery would be able to offer sports fans Champions League and Premier League football plus a host of other events
BT Group facing national strike ballot
It will be the first national strike at the telco for 35 years
UK government moves to block possible takeover of BT Group
The UK Business Secretary is "exercising his call-in power" under the National Security and Investment Act
BT Group set for price boost in coming days - Berenberg
"We believe that BT moving to growth represents a watershed moment in the investment case,” Berenberg said.
Citi not wildly impressed with BT Group
The upside for BT is likely capped according to analysts at Citigroup.
BT boss Philip Jansen may be over the moon but more goals left on the pitch
With investors wanting better returns, the management team are still juggling a big pension deficit, the cost and complexity of further network investment, and calls from workers for a big wage increase
BT reinstalls dividend as profits come in higher than expected
A final dividend of 5.39p per share was as promised
BT boots sport TV arm into new joint venture with Warner Bros Discovery
The new JV will have broadcast rights for the next few years' UEFA Champions League, the Premier League, Premiership Rugby, the Olympic Games, tennis grand slams, the Tour de France, Giro d'Italia and other pro cycling races
Archive
FTSE 100 closes lower after disappointing GDP data; Wall Street weak again
The UK blue-chip index ended 114.32 points, or 1.6% lower at 7,233.34, above the session low of 7,158.53 but well below the early peak of 7,347.66
BT, Disney and UK economy to grab the headlines on Thursday
More heavyweight updates overnight and in the morning but the state of the UK economy is all people are focused on currently
Key update ahead for BT as bulls and bears battle it out
"We see rising infrastructure competition for Openreach with Cityfibre gaining traction and Virgin Media expanding"
BT Group reviews Tyson Fury fight payments for possible Irish gangster connections
The US State Department has offered a bounty of US$5mln for information that leads to the arrest of Daniel Kinahan, who had been providing a boxing 'consultancy services'
BT 's pricing power bodes well in tough enviroment says JP Morgan
The US bank added it is now looking at a possible upgrade for BT
Virgin Media O2 targets BT with multi-million-pound ad campaign for Volt
Virgin Media O2 hopes to challenge the BT and subsidiary EE with the new offering
BT faces strike despite £1,500 pay award
The pay rise will cost the telecoms giant around £90mln
CityFibre to ramp up pressure on BT as new investor comes on board
CityFibre is proposing to spend £4bn to take superfast broadband to eight million homes by 2025.
Sky follows BT and Virgin in hiking prices to ward off cost inflation
Price rises of £43 a year follow similar hikes by BT and Virgin Media
BT ploughs £30mln into tech start-up as part of digital revamp
The telecoms group has come under increasing pressure since its biggest shareholder, Patrick Drahi, upped his stake to 18% in December, sparking speculation a takeover bid was on the horizon
BT and Vodafone likely winners from consolidation wave, suggests Barclays
The sector has underperformed the broader market by 50 percentage points over the past five years.
Archive
BT outsources 300 warehouse and transport jobs
The telecoms group will hand over the running of its core warehouse and transport capabilities
Dazn ‘the big loser’ as BT throws its sports lot in with Discovery
Sky is also under threat from a potentially rejuvenated competitor
BT keeps sports arm and partners with Discovery's Eurosport
“The new business would be a 50/50 joint venture and operational later this year
BT downgrades full-year revenue guidance as pandemic and supply chain issues continue to bite
The group expects adjusted revenue for the year to end-March 2022 to be 2% lower than in the prior year
Horror Thursday looms for consumers, BT and Shell also on the agenda
It's a headline-making day on Thursday with interest rates, energy bills and oil profits just a few of the things in the mix
What is BT’s Ultrafast Fibre?
Current estimates suggest that the full rollout should be completed by 2026
Archive
FTSE 100 fails to hold gains at close as energy stocks power higher
The Footsie spent most of the day tethered on a short leash to Friday's closing value
BT a 'sell' as Openreach competition increases, says Deutsche Bank
“We see rising competition in fixed infrastructure feeding through to retail"
BT adds to household squeeze with big price rises
Other telecom companies have announced rises in line with BT
BT 'bear' changes course and upgrades after progress in 2021
BT has dealt with most of the hurdles the broker foresaw in 2021
BT's possible sale of sports broadcaster 'BT Sports' to DAZN is back in spotlight
Sports streaming app DAZN could land a deal to buy the broadcast business for US$800mln in the next month.
FIVE AT FIVE: LADBible founders bank £53mln, BT investor Drahi's latest move, Daily Mail final day squeeze....and the Footsie
Here's a round-up of the day's top Proactive stories
BT Group investor Drahi's latest move? He's reportedly planning to auction off shares in Sotheby's as part of an IPO
Given his recent rhetoric on BT (he’s not a buyer, but a long-term investor, he says) this looks like an opportunistic move rather than one to free up some cash for an all-out bit for, say, dealmaking
Altice ups stake in BT to 18% but again rules out bid
"We ..remain fully supportive of their strategy, principally to play the pivotal role in delivering the expansion of access to a full-fibre broadband network"
BT Group: Open season is underway; but will anyone be tempted to take a potshot?
The shares fell 2% on Monday, reflecting the reality that a bid for BT may fraught with all sorts of political and regulatory problems
UK’s Ofcom to expand monitoring of BT’s Openreach
Openreach has an important role to play in ensuring that competition operates effectively as faster broadband is rolled out across the country, the regulator said
BT Group seen as a ‘buy’ as shackles are set to come off Drahi
BT’s organic story is undoubtedly strengthening, that's according to Berenberg.
BT Group undervalued? Here's what this leading investment bank thinks
Credit Suisse thinks the stock is worth 200p, a 19% premium to its current price
FIVE at FIVE: Musk keeps selling, Omicron keeps spreading, and NFTs now streaming plus BT and oil
Here’s Proactive’s round-up of the day’s news with helpful links taking you our up-to-the-minute news analysis.
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FIVE at FIVE: Telcos like BT set for M&A frenzy, Mines meet money IRL, Lord Browne IPO ships into London (… and of course the FTSE)
Here’s Proactive’s round-up of the day’s news with helpful links taking you our up-to-the-minute news analysis.
BT and Vodafone shares are up strongly. This note by a leading Wall Street bank may help explain why
JP Morgan expects an M&A frenzy in the telecom sector and named both stocks among its top picks
Any BT bidder has big hurdles to overcome suggests UBS
The UK’s National Security and Investment Act gives the government a veto on M&A in sectors including communications