Company
Talktalk Telecom Group PLC
LON:TALK
We operate the UK’s most extensive Next Generation Network. We use this advanced network to provide our customers with a range of clear, consistent value for money broadband, voice and associated services.
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TalkTalk agrees £1.1bn takeover offer, chief financial officer to jump ship
The 97p per share offer is a small premium to Wednesday’s 96.25p closing price and a 16.4% premium to the closing price of 83.3p on October 7, which is when the offer period started
TalkTalk Telecom extends deadline for major shareholder to make a firm offer for the company until December 3
Toscafund Asset Management proposed a 97p-a-share cash offer for the broadband provider in October, together with a full unlisted share alternative.
Pulling of UK investment fund and M&A rush 'are contrarian buy signal'
“It is precisely this lack of interest which will appeal to wilful contrarians, who will assert that this means there are bargains to be had,” one analyst said
Talktalk receives bid approach from Toscafund
The offer values the telecoms firm at 97p per share
TalkTalk turned down takeover bid from major investor, report
The £1.5bn came last year from the company's second largest shareholder, asset manager Toscafund
TalkTalk Telecom sees sales trends improving in June and July
The telecoms group expects average revenue per user to continue to improve in the second half of the year
TalkTalk predicts £15mln hit from coronavirus, flat earnings for current year
The forecasts accompanied figures for the group's previous financial year, which saw earnings rise amid a surge in broadband and phone line demand during the coronavirus lockdown
Talktalk keeps outlook unchanged as cost savings come through
Headline revenue for the three months to December dipped 1% to £383mln, while new fibre subscriptions inched up 1% to 148,000
Hardware & electrical equipment
TalkTalk to sell off FibreNation in £200mln deal
The proceeds of the sale to digital infrastructure group CityFibre will be used to shore up the telecoms group's balance sheet
Berenberg says TalkTalk "weak and not cheap" as it starts coverage with ‘sell’
The German bank slapped an 80p price target, a 32% discount to Tuesday’s closing share price
TalkTalk swings back to profit after record quarter for fibre
At the statutory level, the telecoms group swung from last year’s £4m loss to a profit before tax of £1mln, with underlying profits up 39% to £140mln
Hardware & electrical equipment
TalkTalk reaffirms full-year guidance after strong demand for fibre in first quarter
Total headline revenue rose 1.3% in the first quarter
Archive
FTSE 100 closes in the red as China, US trade worries come back on the agenda
In Europe, the German DAX is around 90 points lower at 12,341, while the French CAC 40 is down around 42
Archive
UK inflation data macro focus for Wednesday, trading updates headline company news
The latest price inflation data, if it once again hits the Bank of England's 2% like last month, could cause some concerns at Threadneedle Street
BT will have to open up business network to rivals, watchdog says
Regulator Ofcom says fully opening up the network will help increase overall investment in high-speed broadband and 5G mobile
Hardware & electrical equipment
TalkTalk confident of achieving earnings growth
The business is well placed to benefit from imminent regulatory changes related to fairer pricing, claimed the company's CEO, Tristia Harrison
Archive
United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
Archive
FTSE 100 closes higher as investors buoyed by trade talk optimism
The UK's premier share index added almost 58 points at 7,129, while the FTSE 250 also gained ground
TalkTalk shares drop as it warns customer acquisition costs will dent profits by up to £15mln
TalkTalk still expects to see profits surge this year, but changes to the way it books revenues and higher costs associated with adding new customers mean it will miss forecasts