Company
Talktalk Telecom Group PLC
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.
186 stories · page 1 of 2
TalkTalk agrees £1.1bn takeover offer, chief financial officer to jump ship
The 97p per share offer is a small premium to Wednesday’s 96.25p closing price and a 16.4% premium to the closing price of 83.3p on October 7, which is when the offer period started
TalkTalk Telecom extends deadline for major shareholder to make a firm offer for the company until December 3
Toscafund Asset Management proposed a 97p-a-share cash offer for the broadband provider in October, together with a full unlisted share alternative.
Pulling of UK investment fund and M&A rush 'are contrarian buy signal'
“It is precisely this lack of interest which will appeal to wilful contrarians, who will assert that this means there are bargains to be had,” one analyst said
Talktalk receives bid approach from Toscafund
The offer values the telecoms firm at 97p per share
TalkTalk turned down takeover bid from major investor, report
The £1.5bn came last year from the company's second largest shareholder, asset manager Toscafund
TalkTalk Telecom sees sales trends improving in June and July
The telecoms group expects average revenue per user to continue to improve in the second half of the year
TalkTalk predicts £15mln hit from coronavirus, flat earnings for current year
The forecasts accompanied figures for the group's previous financial year, which saw earnings rise amid a surge in broadband and phone line demand during the coronavirus lockdown
Talktalk keeps outlook unchanged as cost savings come through
Headline revenue for the three months to December dipped 1% to £383mln, while new fibre subscriptions inched up 1% to 148,000
Hardware & electrical equipment
TalkTalk to sell off FibreNation in £200mln deal
The proceeds of the sale to digital infrastructure group CityFibre will be used to shore up the telecoms group's balance sheet
Berenberg says TalkTalk "weak and not cheap" as it starts coverage with ‘sell’
The German bank slapped an 80p price target, a 32% discount to Tuesday’s closing share price
TalkTalk swings back to profit after record quarter for fibre
At the statutory level, the telecoms group swung from last year’s £4m loss to a profit before tax of £1mln, with underlying profits up 39% to £140mln
Hardware & electrical equipment
TalkTalk reaffirms full-year guidance after strong demand for fibre in first quarter
Total headline revenue rose 1.3% in the first quarter
Archive
FTSE 100 closes in the red as China, US trade worries come back on the agenda
In Europe, the German DAX is around 90 points lower at 12,341, while the French CAC 40 is down around 42
Archive
UK inflation data macro focus for Wednesday, trading updates headline company news
The latest price inflation data, if it once again hits the Bank of England's 2% like last month, could cause some concerns at Threadneedle Street
BT will have to open up business network to rivals, watchdog says
Regulator Ofcom says fully opening up the network will help increase overall investment in high-speed broadband and 5G mobile
Hardware & electrical equipment
TalkTalk confident of achieving earnings growth
The business is well placed to benefit from imminent regulatory changes related to fairer pricing, claimed the company's CEO, Tristia Harrison
Archive
United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
Archive
FTSE 100 closes higher as investors buoyed by trade talk optimism
The UK's premier share index added almost 58 points at 7,129, while the FTSE 250 also gained ground
TalkTalk shares drop as it warns customer acquisition costs will dent profits by up to £15mln
TalkTalk still expects to see profits surge this year, but changes to the way it books revenues and higher costs associated with adding new customers mean it will miss forecasts
Investments and investor services
FTSE 100 closes day and week higher as traders digest US jobs number
Today saw the release of the closely watched US monthly jobs number
Archive
Glencore tipped to increase its buyback scheme on a busy Friday in the City
Fridays are normally a quiet affair in the City, but not this week: Glencore, TalkTalk and RPC, the packaging giant in the middle of a takeover war, are all due up
Archive
First big wave of corporate results to hit on Thursday: BT, Unilever, Shell, Diageo to stand out
Aside from the tide of blue-chip results, some big second line news will also flow on Thursday from the likes of Britvic, Dairy Crest, Premier Oil, Rank Group, and Renishaw
BT's Openreach to recruit another 3,000 apprentice engineers for ultra-fast fibre-to-the-home broadband roll-out
The jobs — about 1,600 of which will be new roles — are an extension of the company’s largest-ever recruitment drive to hire 6,500 apprentice engineers this year and next
BT's fibre broadband roll-out plan is Deutsche Bank's 'biggest concern'
“On one hand dividends and pension constrain investment budgets, on the other, competitors are starting to receive funds for ambitious new builds and are mobilising to avail of duct and pole access regulation,” Deutsche Bank said
BT and other broadband providers face clampdown over pricing under new Ofcom rules
Ofcom has launched a review into broadband pricing practices over concerns customers are paying more than they should
Builders and building materials
FTSE 100 sticks on firm ground as US stocks bounce higher on Cyber Monday
The FTSE 100 was set to break a losing streak, rising 58 points
TalkTalk to move headquarters and take on BT's Openreach with new fibre company
TalkTalk will accelerate its fibre broadband roll-out by setting up a new company called FibreNation
FTSE 100 closes firmly to the good despite EU tensions
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
Archive
Pre-Thanksgiving smorgasbord as plethora of blue-chips report
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
Hardware & electrical equipment
TalkTalk raised to 'overweight' by Barclays
The telecoms group has lost market share and remains among the most unpopular broadband providers but Barclays thinks things are going to change for the better
Superdrug hit by data breach as hackers access accounts of 20,000 online customers
Hackers claimed to have breached the online accounts of 20,000 customers, accessing personal details such as names, date of birth and phone numbers
TalkTalk and BT top the table of most complained about broadband providers
In its latest quarterly league table on complaints, communications regulator Ofcom said TalkTalk had received 29 complaints per 100,000 customers while BT received 23
Investments and investor services
FTSE 100 closes higher, bolstered by sterling's fall; rate rise doubts
The index of leading UK shares closed up just shy of 50 points higher at 7,676, while the FTSE 250 was also up
TalkTalk positivity seen short-lived with clashes expected over February rights issue at AGM on Wednesday
Russ Mould, investment director at AJ Bell said the “AGM could be a test for management as they look to defend a £200mln rights issue earlier this year”
As Ryanair's struggles continue can easyjet look to the blue skies?
Easyjet and Severn Treant are among the key names in the diary for Wednesday.
Hardware & electrical equipment
TalkTalk surges after announcing net 80,000 new broadband customers
"Continued momentum in the first quarter of the financial year means our FY19 guidance remains unchanged, with growth in both the Retail and Wholesale broadband customer bases and headline revenue growth year-on-year"
Archive
Parcels strength to again offset letters decline when Royal Mail delivers latest trading news
Aside from Royal Mail, the day ahead will also include updates from the likes of broadband and telecoms firm TalkTalk, cheese producer Dairy Crest, and housebuilder Galliford Try
TalkTalk Telecom boosted by upgrade in rating from JPMorgan Cazenove
JPMorgan’s analysts said “Operating picture of the business has been mostly encouraging and good progress has been made over the course of FY18, laying the ground for growth from FY19 onwards"
Investors dial into TalkTalk on takeover rumours
Hedge fund Toscafund Asset Management has upped its stake in the phone and broadband provider, prompting some takeover chatter
Numis upgrades TalkTalk but the City broker really isn’t a fan
Because shares have fallen over the past few weeks, Numis reckons the stock is now just a ‘reduce’, but it has a lot of issues with TalkTalk: namely the collapse of the B2B unit sale and rivals starting to compete better on price
TalkTalk pulls out of plan to sell b2b unit to Daisy Group
“Daisy remains an important, long-term strategic partner for TalkTalk,” the telecoms firm said.
TalkTalk shares jump after a double upgrade from Bank of America Merrill Lynch
The analysts said: “For the first time in four years, we see guidance and consensus as achievable, ending the cycle of earnings downgrades”
Investments and investor services
FTSE 100 closes flat at 7,703 as attention turns to Fed's interest rate decision
It is the second time Trump has mentioned the issue of high oil prices, having previously mentioned it in April
BT Group up on reports of informal interest from infrastructure funds about taking stake in Openreach
BT owns the UK's national telecom and broadband network through Openreach, a legally separate division that is used by the firm and its rivals to provide services to consumers
Archive
FTSE 100 closes higher but gives up gains; sterling hit on Brexit worries
Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
BT rivals TalkTalk and Vodafone threaten Openreach broadband dominance
Openreach plans to replace the UK’s ageing copper lines with fibre optic cables to bring faster broadband to three million premises by 2020
TalkTalk announces sale of direct B2B unit as it reports 35% drop in profits
TalkTalk shares jumped as it said it expects a return to revenue and earnings in growth in fiscal year 2019
Investments and investor services
FTSE 100 joins global equities to head lower as geopolitical worries weigh
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
Investments and investor services
Kingfisher and Tate & Lyle key names in diary as spotlight falls on UK consumer
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
BT receives most complaints for mobile and pay-TV services, Ofcom data reveals
Sky had the lowest proportion of complaints for its broadband, landline and pay-TV services
RBC downgrades TalkTalk amid fears BT and Vodafone could undercut mobile and broadband offerings
In a note to clients, analysts at the Canadian bank cited a BT convergence focus as the key risk to TalkTalk's market share
BT shares jump as Ofcom eases price controls on Openreach
BT is likely to face renewed pressure to expand its fibre broadband upgrade across Britain
TalkTalk in price war with Vodafone and BT Group, analysts warn
Goldman Sachs and RBC Capital cut their target price on TalkTalk while Numis put the stock under review
FTSE 100's losses lengthen as US markets move back into reverse
The US rally fizzled out prompting a late sell-off in an already below-water London
Flying Brands lifts off as it confirms advanced talks regarding a North American acquisition
A look at some of the biggest risers and falls on the London market today
TalkTalk slumps as it cuts earnings forecast and unveils fibre broadband roll-out deal
TalkTalk has formed a joint venture with Infracapital, part of M&G Prudential, to bring full fibre networks to more than three million households
Investments and investor services
FTSE 100 closes firmly lower as strong pound weighs
The FTSE 100 index – which is chock full of dollar earners – closed around 108 points lower at 7,170
Archive
Smith & Nephew, Bellway and Compass to provide Thursday’s City highlights
Smith & Nephew, Bellway Plc and Compass are on the Thursday's agenda.
Archive
Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
TalkTalk bounces back after downgrade as RBC Capital says the stock has been oversold
RBC Capital told investors the stock, up 3p at 122p, had been oversold, upgrading it to ‘outperform’
Investments and investor services
FTSE 100 closes in red but broadcaster ITV shines
Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower - down around 58 points at 20,185.
Exane BNP Paribas thinks TalkTalk shares could be worth just 30p each in a ‘bear case’ scenario
the French broker chopped its target price for the FTSE 250 listed firm back by 35% to 90p, down from 140p previously, helping the stock to drop by over 8% to 119.7p
Investors hang up on TalkTalk as Exane slashes price target and forecasts another cut to the divi
Some of the main news-driven share price changes in London on Wednesday ...
Carphone Warehouse fined £400,000 for lax information technology safeguards
“We accept today’s decision by the ICO and have co-operated fully throughout its investigation into the illegal cyber-attack on a specific system within one of Carphone Warehouse’s UK divisions in 2015," said Carphone Warehouse.
City broker reckons TalkTalk will breach its bond covenants next year if it doesn’t chop divi by 40%
Last month, analysts at Citi said dividend would likely need to be chopped if TalkTalk wanted to avoid breaching its debt covenants, now it's the turn of Jefferies' number crunchers
Barclays Capitals cuts targets, estimates for BT Group and TalkTalk in European sector review
The bank’s analysts reduced their target price for BT to 350p from 420p, albeit with the shares currently changing hands at 263.95p each, up 0.5% or 1.2p on last night’s close
Citi reckons Talktalk will have to cut its dividend again to stop it from breaching debt covenants
“On our estimates the group will exceed 3.0x EBITDA in March 2018 (3.11x) and will also exceed 2.75x in March 2019 (2.88x) implying Senior Note covenants might prevent payment of a dividend”
TalkTalk shares walk lower after RBC Capital downgrade
TalkTalk was downgraded to 'sector perform' by RBC Capital
Savannah Resources soars as it receives environmental permits for high-grade copper deposits in Oman
Some of the main news-driven risers and fallers in London on Wednesday ...
TalkTalk in the red as it swings to a half-year loss and trims outlook on restructuring costs
TalkTalk reported a loss and lower revenues in the first half
Investments and investor services
FTSE 100 joins global sell-off to close lower
Data out yesterday suggested Chinese industrial production growth is starting to slow, which is bad news for miners, but Fresnillo topped Footsie today
Archive
Talktalk Telecom to shed light on its growing B2B unit
Growth in the business unit might ease some of the pain from lower revenues and earnings
TalkTalk slumps after Barclays downgrades to 'equal weight' on valuation grounds
TalkTalk's revenues are expected to improve in the second quarter after the telecoms provider hiked prices for its customers in August
Aldermore Group jumps as South Africa's FirstRand Ltd confirms its £1.08bn bid
A look at some of the biggest risers and fallers today in London
FTSE 100 ends week on a dull note
After looking like it might regain par, the Footsie faded in the final 15 minutes of trade
BT Group faces higher capital expenditure and loss of wholesale customers, says Citigroup
Citgroup has downgraded its rating on BT Group and TalkTalk
FTSE 100 closes in negative territory as pound strengthens
The FTSE 100 index closed 14.98 down at 7,507, above the day’s low of 7,496.14, and well below the opening high of 7,523.65
FTSE 100 closes up but optimism not "particularly high"
FTSE 100 ended in positive territory, having been lower earlier,..
BT Group’s Openreach subsidiary reportedly in talks with Vodafone about a joint investment in new ultrafast fibre-optic broadband
The Daily Telegraph said the two companies are in what are described by industry sources as “early but serious” discussions about coming to build large-scale new infrastructure to replace ageing copper phone lines
BT shares gain after Ofcom forced to revisit rules on broadband market
Telecoms regulator Ofcom said it is disappointed with a judge-led panel's ruling that it made errors in drawing up regulation designed to protect competition and improve broadband speeds
TalkTalk slides as revenues drop, but full year guidance is unchanged
TalkTalk has left its full year earnings guidance unchanged and expects revenue growth despite a weak first quarter
Investments and investor services
FTSE 100 finishes over 40 points ahead with housebuilders in support
The blue chip index closed up 40.69 at 7,430 on the day
Archive
BHP Billiton, Drax and TalkTalk to be among Wednesday’s highlights
Interim results are due from UK power firm Drax and a trading statement from TalkTalk will likely also garner investor attentions.
Macquarie lifts target price for BT Group on fibre investment moves; cuts TalkTalk rating
The broker raised EPS forecasts for BT by around by 1% and upped its target price by 3%, to 340p from 330p, reiterating an ‘outperform’ rating on the stock
TalkTalk replaces CFO Iain Torrens with Dixons Carphone executive in reshaping of top team
TalkTalk is shaking up its senior management team after its chief executive stepped down, warning full year earnings would decline
Berenberg downgrades rating for TalkTalk in note flagging up uncertainties in the UK telecoms and broadband sector
The broker’s analysts cut their stance on the FTSE 250-listed firm to ‘sell’ from ‘hold’ after chopping its target price by 37%, to 140p from 224p
TalkTalk Telecom slumps after Goldman Sachs takes out the red pen and downgrades to sell
In a note entitled Growth Priced In, Not Competition, the Wall Street Bank said the stock’s premium to the European telecoms sector was unsustainable even if its focus on growth over cash is “sensible”.
Trakm8 shares jump on roadside assistance technology company telematics contract win
A look at some of the biggest London-listed risers and fallers today
Investments and investor services
FTSE 100 closes higher as traders await Fed minutes
The FTSE 100 index closed up 29.61 at 7,514 with easyJet the biggest gainer
1PM slides as it announces share issue to finance acquisitions
A look at some of the biggest London-listed risers and fallers today
Investments and investor services
FTSE 100 closes lower as Trump slump continues
Well, it's not a triple digit fall for the FTSE 100 on Thursday
TalkTalk a potential bid target as chairman cuts "insane" dividend yield after weak full year
TalkTalk has cut its dividend for the year but the yield is still 4.6% and will free up cash to invest in turning around the business
TalkTalk shares plunge as it lowers dividend and warns on earnings after full year revenue falls
TalkTalk (LON:TALK) expects earnings in fiscal year 2018 to fall as it continues to rebuild its reputation after a cyber attack
Footsie up ahead of close; unrest at ITV hits shares
The bulls could not quite push the top-share index above 7,400. Tomorrow they'll have a harder job with ex-div stocks lopping about 14 points off the Footsie
Barratt Developments set to shrug off Brexit worries with positive trading update
Barratt Developments is set to report robust trading in its latest update while TalkTalk posts its full year earnings under a new chairman and CEO
Corero recovering after September stumble
The fund-raising that the company had flagged is now practically done and dusted, so that is not hanging over the shares any more
Archive
Do dividends still not lie? (A word to the Weiss)
Investment guru Geraldine Weiss had a lot of success way back when, buying blue-chip shares approaching the top of their historical dividend yield range
Do dividends still not lie? (A word to the Weiss)
Investment guru Geraldine Weiss had a lot of success way back when, buying blue-chip shares approaching the top of their historical dividend yield range