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
Company
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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The analysts said BT shares are more than 20% lower than when they downgraded to 'sell' in June last year
The pressures on BT's business-facing units had perhaps previously been underestimated, analysts said
BT said the pay rise is its largest in 20 years and represents an average increase of around 5%
The government said it will continue to assess acquisitions “on a case by case basis”
Business Secretary Kwarteng used his call-in power in May to look at the Altice move
The FTSE 100 company said it will look to reduce the impact of industrial action by postponing any non-essential planned
BT eventually took a £513mln charge for the fraud in its Italian arm
The telecoms giant faces widespread strike action over the next two weeks as workers demand pay increases
It's an absolute flood of news next from tech giants, household names and even the Federal Reserve chipping in
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
The joint venture is expected to be completed in the coming weeks
The CMA is investigating the broadcasters under Section 25 of the Competition Act, which focuses on potential cartels
Primary shareholder Drahi increased his stake in December 2021
Growth in the consumer and broadband arms will offset declines in Enterprise and GS
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
The company's main trade union will announce the result of its strike ballot tomorrow afternoon, with analysts expecting a 'yes' vote
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
Berenberg warns that mass-market pricing could damage investment in the sector
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”