BT Group workers begin ballot on potential strike
It is expected that the ballot result will be announced before the end of June
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2522 stories · page 31 of 127
It is expected that the ballot result will be announced before the end of June
The boss of BT's Openreach arm said difficulties in hiring enough skilled staff from abroad was “constraining the rate of fibre build”
Headwinds in Germany are likely to offset any other improvements, according to the note
A merged BT/Discovery would be able to offer sports fans Champions League and Premier League football plus a host of other events
It will be the first national strike at the telco for 35 years
The minutes reaffirmed that the Fed's position is that it would be appropriate to rise interest rates by 50 basis points over the next couple of meetings
The social media company blamed economic conditions worsening "further and faster than anticipated", as well as changes to Apple's iPhone privacy settings and the war in Ukraine
"We believe that BT moving to growth represents a watershed moment in the investment case,” Berenberg said.
The upside for BT is likely capped according to analysts at Citigroup.
With BT, Vodafone and others also attracting major investors and almost US$1.8 trillion of ‘dry powder’ sitting in private equity balance sheets, who could they swoop for next?
Net debt stood at €41.6bn at year-end, down from €40.5bn a year earlier
The telecoms group has long been criticized for capex warnings, operational disappointment, excess complexity and a poor M&A record “making it a prime target for activism”
A 9.8% stake was purchased for a premium price of 129p a share, or US$4.4bn, making it the FTSE 100 telecoms group's largest shareholder
Jefferies cut its rating as it sees higher energy and wage bills being an issue that management will need to deal with
BT is getting more from the deal than the share price had priced in, meanwhile, Barclays reckons the telecoms firm is inflation resistant.
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
Vodafone is under pressure from activist fund Cevian Capital to simplify its business, according to the Financial Times
A final dividend of 5.39p per share was as promised
More heavyweight updates overnight and in the morning but the state of the UK economy is all people are focused on currently
"We see rising infrastructure competition for Openreach with Cityfibre gaining traction and Virgin Media expanding"