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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Weekend reports suggest the blue-chip firm is set to offload telecoms towers and broadband cables that serve the firm’s Global Services business customers in the EU country
Goldman analysts see an “improving regulatory framework facilitating returns on fibre investment over the medium term”
Barclays maintained an ‘equal weight’ rating and target price of 240p on BT after the company reported mixed results for the first quarter
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"The [jobs] report will more than likely be brushed aside as Fed Chair Powell and US President Trump continue to clash horns in a power struggle," said Nick Kilbey, a sales trader at Foenix Partners
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An update is also scheduled from British Airways owner IAG
Investments and investor services
Just Eat is poised to combine with Dutch rival Takeaway.com to form one of the world's largest food delivery firms
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It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
Most income investors fill their boots with FTSE 100 giants such as BT and Vodafone, but with several high-profile dividend cuts of late, Octopus fund manager Chris McVey reckons a ‘multi-cap’ approach is needed
BT's Openreach has "little choice but to accelerate" its fibre broadband rollout in order to gain scale quickly amid reports that Virgin Media is seeking to expand its fibre footprint
The telecoms group is to move to a new site in Aldgate by the end of 2021, when it has to move out of its current HQ near St Paul’s, which it sold off last week for £210mln
As part of the deal, BT will lease back the 300,000 sq ft building for up to 30 months while it moves its headquarters to a new location in London
Hardware & electrical equipment
Total headline revenue rose 1.3% in the first quarter
BT will also look at reducing capital expenditure, cutting costs and borrowing more to help fund the expansion of the fibre broadband network
Under IFRS 16, retailers now need to include leasing obligations in annual statements of assets and liabilities.
The telecoms giant has started talks with potential buyers of BT España, according to the Telegraph.
BT recently upped its pledge to deliver fibre-to-the-home (FTTH) to 4mln customers by March 2021, raising BT’s capex, which in turn “threatens [the] EBITDA recovery”
The FTSE 100-listed telecom and broadband provider said Belfast, Birmingham, Bristol, Cardiff, Edinburgh, Ipswich, London and Manchester would be key locations for the group
Oil major guides to total dividends and share buy-backs of US$125bn “or more” between 2021 and 2025
Credit Suisse expects BT’s move away from sports rights ownership to boost free cash flow by up to £200mln by 2023
The telecom group received a £505mln from the Universities Superannuation Scheme in May. However, on Monday it said it would withdraw its recommendation in favour of the higher bid from investment fund Macquarie European Infrastructure
