BT cancels dividend for two years to fund investment and coronavirus consequences
Chief executive Philip Jansen launched a “radical modernisation and simplification programme” to make £2bn of savings over the coming five years
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 Group dividend under scrutiny ahead of Thursday’s results
The Bank of England meeting is the big economic event on Thursday's diary
BT Group braces for dividend cut as competition and coronavirus add pressure
A survey conducted by JPMorgan found that 72% of investors would support a sizeable dividend cut
Archive
FTSE 100 closes marginally lower as trade jitters persist amid pandemic
Footsie closed its second trading day in May this year off around nine points at 5,753
BT stands behind network and jobs, but no word on dividend yet
The FTSE 100 group said it will offer a 1.5% annual pay increase to non-managerial staff from July
BT dividend cut an "obvious" option as telcos "not immune" from coronavirus
Analysts at Barclays said BT's uncovered dividend “remains the elephant in the room” and cut its forecast payout
BT sells French business to Computacenter
In the last full year, BT's French arm generated revenue of around £104mln
Archive
To cut or not to cut: dividend divergence in the face of coronavirus
Some companies’ shares soared after they cut dividends but many kept on falling
BT boss Philip Jansen tests positive for coronavirus
Jansen said he met several other people in the telecoms industry over the past week and so has alerted them to his diagnosis
Telecoms at a crossroads: BT faces aggressive broadband pricing from rivals
Recent price bundling from Sky and Virgin Media “appears aggressive”, said telecom analysts at UBS
Citigroup cuts target for BT Group, thinks stock remains a "potential value trap for now”
The bank reduced its target price for the FTSE 100-listed firm to 165p, down from 205p previously, but that was still above the current share price of 153.68p
BT makes “last-ditch effort” on TV packages
Customers will need to take a rather unflexible 24-month broadband contract in order to get the supposedly "flexible" deals
UBS more cautious on BT and TalkTalk highlighting intensifying competition in UK telecoms
The Swiss bank’s scribes have cut their target price for BT to 140p from 165p, and reiterated a ‘sell’ rating on the FTSE 100-listed stock
Berenberg cuts BT Group target price to 175p from 220p, but still maintains ‘hold’ rating
"We believe that one would either have to be overly negative on the rate of decline in BT’s financials or take a strong view on real gilt yield deterioration to justify a price target significantly below the current share price"
BT, Vodafone and TalkTalk face “disruption” from new price war
Regulator Ofcom has estimated that around 40% of UK broadband customers that are out of contract pay roughly 30-35% more than new customers, with mobile customers affected too
BT Group downgraded to ‘hold’ by HSBC after “underwhelming” third quarter
The bank said the telecoms firm was afflicted by a “malaise” that left them struggling to see any benefits for the shares
BT's extra 5G costs raises further dividend questions
“In order to make 5G work we are going to have to use other manufacturers’ equipment,” says chief executive Philip Jansen
BT Group warns government's Huawei 5G decision will have £500mln impact
“BT delivered results slightly below our expectations for the third quarter of the year,” said chief executive Philip Jansen
BT Group broadband pressure, Diageo’s festive performance, and Shell trading update all in focus on Thursday
It is set to be a busy day in the City, before the Bank of England’s Brexit-eve interest rate decision.
Deutsche Bank cuts target for BT Group noting that "risks have risen” on the broadband front
The German bank’s analysts have reduced their target price for the FTSE 100-listed firm to 157p, down from 169p previously