BT reportedly approaches former Ofcom boss to take the helm
Lord Carter has been sounded out as a possible replacement for Gavin Patterson when he leaves later this year, according to Sky News
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Operating in over 170 countries, BT is one of the world’s leading providers of communications solutions and services.
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Lord Carter has been sounded out as a possible replacement for Gavin Patterson when he leaves later this year, according to Sky News
Numis maintained its 'buy' rating and target price of 325p per share on BT
The news follows BT Sport's failure to secure the rights to broadcast Italian Serie A football matches after BT lost a bidding war to Eleven Sports earlier this month
BT's earnings grew in the first quarter as the group cut costs as part of an overhaul of the business
In London, FTSE 100 added over 38 points to finish at 7,701 - that was up on the week too, marginally - by 0.29%.
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Jefferies reckons the key focus for BT's quarterly results will be on the business and public sector division following a poor performance last year
RBC cut its rating on BT to ‘sector perform’ from ‘outperform’ and lowered its target price to 275p from 385p
BT said telecoms firms that use the Openreach network will receive discounts on fibre broadband that “go beyond” pricing controls set by regulator Ofcom
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In London, FTSE 100 shed 23 points to 7,655, while FTSE 250 shed over 155 points at 20,770
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Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
In its latest quarterly league table on complaints, communications regulator Ofcom said TalkTalk had received 29 complaints per 100,000 customers while BT received 23
Global sports broadcaster entrant Eleven Sports has dealt a blow to BT and Sky by securing the rights to Serie A and La Liga
In a statement, the FTSE 100-listed telecoms giant said 34.2% - or 2.29bn - of the valid votes cast at the AGM were against the approval of its remuneration report
The UK blue chip index dropped 100 points after the US said it was ready to impose tariffs on an extra US$200bn worth of Chinese goods
The German bank’s analysts noted that the combination of a change in business unit reporting, IFRS15 accounting, and a less prescriptive consensus gathering process, means a wider spread than normal in expectations for BT’s first quarter 20
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The pub chain will be hoping to mitigate any potential drink shortages as the warm weather and England's World Cup performance drive up customer numbers
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Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
Because shares have fallen over the past few weeks, Numis reckons the stock is now just a ‘reduce’, but it has a lot of issues with TalkTalk: namely the collapse of the B2B unit sale and rivals starting to compete better on price
The UK blue-chip benchmark closed up over 45 points higher at 7,593, while FTSE 250 added over 59 points at 20,665.
The IFRS 15 standard was brought in earlier this year so it was closer to FASB’s accounting guidance