BT Group brings in bankers as it looks to sell off troubled Italian business
According to the Telegraph, BT wants to sell off the division as part of its plan to simplify and modernise its business
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 fined by regulator for sending 5mln nuisance emails
The 4.9mln emails were sent between December 2015 and November 2016 promoting three charities: the BT ‘My Donate’ platform, Giving Tuesday and Stand up to Cancer
BT rallies as Jefferies upgrades stock to 'buy', citing positives of CEO departure
“Ruling out a dividend cut would be unwise,” Jefferies said in a bullish note on BT
Investments and investor services
FTSE 100 finishes higher; Ocado top riser as analysts highlight the potential
FTSE 100 closed up around 23 points at 7,627, while FTSE 250 added over 90 points at 20,926..
BT Group easier as Deutsche Bank trims target price, says firm stuck between “a pension rock and a fibre hard place”
Deutsche Bank’s analysts said: “We were a bit early to u/g to Hold after a 30 month Sell but despite the lower share price since, we restrain ourselves from an unsubstantiated positive view"
Gavin Patterson pays the price for BT’s costly sports and mobile ventures
The move into sports broadcasting and the mobile market were significant developments, but neither has quite panned out how Patterson would have hoped
BT boss Gavin Patterson to step down later this year
Announcing the departure, chairman Jan du Plessis, who had only recently come out in support of Patterson, said they both now realised a change of leadership was necessary
FTSE 100 closes lower on day and week after lacklustre trading; miners weigh
Footsie closed out down around 23 points at 7,681 and was also down on the week as a whole, off around 0.26%
BT phone box turned into world’s smallest nightclub
The classic red phone box in Kingsbridge, Devon was redundant, but the local council has ‘adopted’ it and turned it into what is believed to be the smallest nightclub in the world
Investments and investor services
BT Group: Putsch talk boosts share price
Institutions are far from enamoured by the recent performance of boss Gavin Patterson
BT Group up on reports of informal interest from infrastructure funds about taking stake in Openreach
BT owns the UK's national telecom and broadband network through Openreach, a legally separate division that is used by the firm and its rivals to provide services to consumers
Archive
FTSE 100 closes higher but gives up gains; sterling hit on Brexit worries
Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
BT rivals TalkTalk and Vodafone threaten Openreach broadband dominance
Openreach plans to replace the UK’s ageing copper lines with fibre optic cables to bring faster broadband to three million premises by 2020
BT to raise base salary for chief executive for first time since Italy accounting scandal
BT's boss said fiscal 2018 was a "challenging year" but the company delivered on its strategy
BT investors 'need to be patient', says Berenberg as it keeps 'buy' rating but cuts target price
Berenberg has asked why BT decided to keep its dividend at 15.4p for the next two years, given that net debt will now increase by £3bn over this period
Hardware & electrical equipment
BT downgraded by UBS as pension and capex commitments bite
BT has outlined £1bn of cumulative regulatory effects over the next three years but UBS believes the bulk of this is known and factored into consensus
BT unveils new strategy to revive customer service reputation
BT will offer customers faster internet speeds, more TV content and bring its call centres back to Britain and Ireland by 2020
BT will have 'inadequate dividend cash cover', Bernstein predicts, as it downgrades the stock
“Valuations are cheap but with no catalysts, flat free cash flow and no dividend growth, BT’s stock price is likely to stay at these low levels for a while,” Bernstein said
BT Group is not the only blue-chip with a debt mountain and pension problems
There's an argument to be made that BT would have been better off tapping the market three years ago when its shares were twice as high as they are now, rather than braving it out. John Harrington looks at the FTSE 350 to see whether there
Are Vodafone and BT bosses up to the challenge?, analysts question
Some investors have asked whether BT's chief executive can survive as he tackles such challenges as regulation, pensions and tough competition