Talktalk weak as Haitong cuts its fair value estimate, repeats 'sell' rating
The broker also moved its forecast for a dividend cut by Talktalk back a year, but increased the scale of it to 50% from 40%.
Company
LON:TALK
We operate the UK’s most extensive Next Generation Network. We use this advanced network to provide our customers with a range of clear, consistent value for money broadband, voice and associated services.
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The broker also moved its forecast for a dividend cut by Talktalk back a year, but increased the scale of it to 50% from 40%.
BT revealed that Brendan Barber - chairman of employment relations service Acas and a former Trades Union Congress boss - and Edward Astle - a former Board member of National Grid PLC (LON:NGG) - will become non-executive directors of Openr
The surprise change at the top came as the FTSE 250-listed firm also reported a 5.4% drop in third-quarter net revenues to £435mln, down from £459mln a year earlier.
US investors showed little fear ahead of a Federal Reserve rate decision due later in the session, and Friday’s always-important US non-farm payrolls.
Recent expert commentary doesn’t bode well for TalkTalk investors.
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Big names reporting this week: SSE, TalkTalk, AstraZeneca, Compass, Vedanta
The broker expects average revenue per user (ARPU) to decline at a faster pace than the market is currently predicting
Dixons Carphone chief executive Seb James said "while we have still not seen any effect on consumer demand as a consequence of Brexit, we have been planning for the possibility of more uncertain times ahead."
Haitong’s analysts drew this conclusion after studying submissions the trustee of the BT Pension Scheme (BTPS) made to Ofcom on October 4, which were published on November 29.
Worries on TalkTalk’s ability to retain its subscriber base and grow usage revenues will hang over the shares,
TalkTalk falls as regulator expresses concern over hefty price hikes
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A look at some of the hottest trending stories on the day
FTSE 100 shares ended down on Tuesday, led by miners and oil companies
The group was hit by a massive cyber attack a year ago, costing it £60mln and losing it 101,000 customers.
Investments and investor services
UK stocks ended higher on Tuesday but off their day’s best as speculation mounted over a December US rate hike
Around 40,000 accounts were subjected to dubious activity, with half having cash removed.
TalkTalk has been fined £400,000 for failing to implement the "most basic" cyber security measures
UK shares closed higher on Tuesday, extending gains from the previous session, while investors awaited the outcome of central bank meetings in Japan and the United States
BT shares rose sharply, while shares in rivals Sky and TalkTalk dipped, which tells you most of what you need to know about Ofcom's decision on Openreach
TalkTalk said its first quarter had gone well with revenue matching last year's 0.4% drop
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Jefferies International has seemingly lost faith in communications groups, as it downgraded its target prices for Sky PLC (LON:SKY), TalkTalk Telecom Group PLC (LON:TALK), BT Group PLC (LON:BT) and Vodafone Group PLC (LON:VOD).
A look at some of the most topical stories and themes of the day in web world
Talktalk said it had a strong fourth quarter performance following the attack in October
Thursday sees Cairn Energy and ITV reporting among others
News flow for the drugs developer has been nothing but positive this year
It's an ill wind ... the threat of distributed denial of service attacks is not going to go away and few, if any, products are better at combating it than Corero's Smartwall Network Threat Defense.
Telecoms regulator Ofcom set to decide whether BT can keep Openreach or must hive it off
London’s blue chips recorded a triple–digit drop as BP unveiled a huge loss
Two resource majors plunge as worries rise that their juicy dividends may be unsustainable.
FTSE 100 shed 76 points to 5,984 with losses overnight in Asia adding to the nervy mood.
Telecoms group says business is getting back to normal after system hack
The chief of Corero Network Security sees hundreds of further opportunities for new business on the back of two recent landmark cyber contracts struck with tier-one internet service providers (ISPs).
Some staff details were accessed, while a limited amount of bank information relating to 100 customers was also viewed by the cyber-criminals
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Betfair gets an upgrade to buy from hold from Deutsche Bank, which raised its price target to 4,200p.
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FTSE100 finished around 19 points lower as investors were cautious on a day, which one analyst described as the "calm before the storm..
Investments and investor services
The FTSE 100 Index pared early losses to stand 3.88 points ahead at 6361
Investments and investor services
The FTSE 100 Index fell 13.77 points to 6361 after Japan's Nikkei dipped 136 points
UK shares hit highest in a fortnight while German stocks touched three-month highs
Investments and investor services
FTSE 100 Index rises 21.58 points to 6359 on eurozone bank lending cheer
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FTSE100 closed convincingly higher as the market appeared to welcome the Chancellor's Autumn statement in the round...
Investments and investor services
Below are the main news-driven share price movements at 4pm.
Investments and investor services
The FTSE100 ended the day just 10 points higher to 6,285, having been some 40 points to the good at lunch.
The Footsie rose 39.57 points to 6314 while mainland European shares also gained
Singles Day, the beer 'mega-merger' and TalkTalk were among Wednesday's 'most followed' stories
Investments and investor services
The Footsie surged 43.78 points to 6319 and mainland European markets also rose
Investments and investor services
Below are the main news-driven share price movements at 4pm.
Interim dividend rises by 15% as company expects profits to pick up strongly in second half.
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US markets were largely flat with the Dow Jones Industrial Average adding 28 points
Investments and investor services
TalkTalk and Sainsbury are set to be among Wednesday's highlights
The US economy added 271,000 jobs in October compared to forecasts of around 180,000
Investments and investor services
The FTSE 100 Index climbed four points to 6368 in early trading
Telecoms company said 4% of customers had any sensitive personal data at risk
Profit warnings from Countrywide and JD Wetherspoon have hit their shares but investors are pleased with Glencore's progress,
Investments and investor services
The FTSE100, eased 42 points, 0.6%, to 6,395, but had dipped as low as 70 points earlier in the afternoon session.
Cyber security appears to be the watchword(s) this week as British Gas, owned by utility giant Centrica, became the latest UK company to announce a data breach.
The allegations relate to possible data breaches in 2011 and 2012
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UK shares closed lower as stocks trimmed more off the huge gains seen last week and ahead of a Federal Reserve decision.
Data did little to entice investors into buying, with third quarter GDP figures growing by only 0.5%.
Oil giant BP (LON:BP.), UK economic growth stats and drones delivering shopping were among the variety of topics getting "hits" in web world.
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Below are the main news-driven share price movements at 4.15pm.
Investments and investor services
Early deals were dominated by corporate news, with BP reporting a US$1.8bn profit for the third quarter.
Investments and investor services
The FTSE100 had remained flat through most of the day, but ended the day 25 points lower to 6,418.
While there were some rises in Asia overnight, markets in European markets got off to a mixed start of the week.
A computer glitch for Barclays, but thankfully not as severe as TalkTalk's computer problems, while the blue-bloods at Caledonia Investments go bingo.
It is the third data breach this year for the under-pressure telecom group, which has yet to confirm the number of customers affected.
The mood was subdued ahead of the US Federal Reserve’s meeting later this week.
Investments and investor services
A mixed reaction to changes to the board compositions of some companies.
Investments and investor services
China and the ECB left investors in a positive mood at the end of the week
China has cheered the market, especially investors in resource stocks, by announcing further stimulus measures
Investments and investor services
Below are the main news-driven share price movements at 4pm.
Investments and investor services
Footsie broke above 6400 and mainland European bourses also rose
The Internet service provider says it has been contacted by a party claiming to be responsible for the security breach.
Digital economy minister Vaizey says Openreach split could backfire
Investments and investor services
Barclays, Lloyds, HSBC, William Hill, BP, RIO, Avation and Talk Talk were all in Tuesday’s broker spotlight
William Hill, Bovis Homes, Allied Gold, and Antofagasta are among the stocks in Tuesday’s broker spotlight
Glaxo, BG, Shell, Domino’s Pizza and TalkTalk are all in Monday’s broker spotlight
Investments and investor services
Tern jumped as a non-executive director left the board while TalkTalk lost as BT posted good first half results.
Investments and investor services
Atlantic Coal rose on improved sales while Daily Mail dropped after a decline in first quarter revenue.
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Results from US tech giants Apple and Microsoft also hit sentiment.
A tougher UK broadband market sent shares in telecoms firm TalkTalk almost 7% lower in early deals.....
Investments and investor services
Independent Oil & Gas got some much needed funding while Anglo American is hit by the iron ore price.
Hardware & electrical equipment
Oil and mining stocks bore the brunt of market pessimism today, while chip-designer ARM was hit by a double whammy
Ofcom said the next phase of the review would look at whether Openreach should remain a part of BT.
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