Company
LON:BT.A
Operating in over 170 countries, BT is one of the world’s leading providers of communications solutions and services.
845 stories · page 27 of 43
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The value of a conglomerate is almost always less than the combined value of its subsidiaries, which is why firms such as Smiths and Whitbread are spinning off some of their assets
“BT’s recent share price outperformance reflects a solid 2Q result, with EBITDA well ahead of expectations on solid cost execution,” said Barclays
The broadcaster's content library means it has a bundle of assets that could place it in high demand as competition drives consolidation in the media and telecoms markets
The Financial Times website’s Alphaville column said there had been conjecture from multiple sources that Deutsche Telekom "has recently been working with advisors" on a full takeover of its UK rival
Regulated price reductions in the Openreach network and a poor performance in its enterprise businesses dragged revenue lower in the first half
The bank suggested there could be a faster pace of hikes if the UK gets a smooth Brexit deal
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Aside from the BoE interest rate decision, the Day Ahead will also bring updates from the likes of BT Group, Royal Dutch Shell, Smith & Nephew, Shire, Just Eat, and Indivior
Archive
Aside from the oil majors, the slew of blue-chip updates due in the coming week will include global banks HSBC and Standard Chartered, and drugs firms GlaxoSmithKlne and Shire
Hardware & electrical equipment
If last year's schedule is any guide, BT's third quarter results will be released pretty much on the day the new boss, Philip Jansen takes over, so next Thursday's half-year results will be the last post for the outgoing boss, Gavin Patters
Jansen, who is taking over from Gavin Patterson, will earn £1.1mln a year plus an annual bonus of up to £2.64mln
At the close, the UK blue chip index was 41.12 points higher at 7,004.10, the session peak, and well above the early low of 6,995.99
AJ Bell's Russ Mould thinks a break-up of BT is unlikely but expects to see a new strategy for the business from the next chief executive who replaces Gavin Patterson
Ofcom said it had found errors in the coverage data provided by Vodafone and EE relating to 4G and 3G mobile coverage
Sky News reported that Philip Jansen is believed to be the preferred candidate to replace Patterson, who revealed in June he would stepping-down towards the end of this year
The German bank's analysts concluded: “If our base case of a semi-soft Brexit is achieved, this removal of ‘fat tail’ risks should be a positive”
It was around that level most of the day and closed at 7,304 - that's up around 0.37% on the week
Robert Dunne, the head of Verizon's mobile arm in the US, is understood to have met with BT in Britain in recent days
UK price comparison website Uswitch said many telecoms firms raise prices substantially after contracts expire
For FTSE 100 companies, there was an increase in shareholder rebellions against directors' pay. For FTSE 250, the beef was more to do with directors that many shareholders did not want being re-elected
Hardware & electrical equipment
Topple has signed a new contract with an unnamed reseller based in South East England
