Investments and investor services
FTSE 100 closes day and week higher as traders digest US jobs number
Today saw the release of the closely watched US monthly jobs number
Company
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.
186 stories · page 2 of 10
Investments and investor services
Today saw the release of the closely watched US monthly jobs number
Archive
Fridays are normally a quiet affair in the City, but not this week: Glencore, TalkTalk and RPC, the packaging giant in the middle of a takeover war, are all due up
Archive
Aside from the tide of blue-chip results, some big second line news will also flow on Thursday from the likes of Britvic, Dairy Crest, Premier Oil, Rank Group, and Renishaw
The jobs — about 1,600 of which will be new roles — are an extension of the company’s largest-ever recruitment drive to hire 6,500 apprentice engineers this year and next
“On one hand dividends and pension constrain investment budgets, on the other, competitors are starting to receive funds for ambitious new builds and are mobilising to avail of duct and pole access regulation,” Deutsche Bank said
Ofcom has launched a review into broadband pricing practices over concerns customers are paying more than they should
Builders and building materials
The FTSE 100 was set to break a losing streak, rising 58 points
TalkTalk will accelerate its fibre broadband roll-out by setting up a new company called FibreNation
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
Archive
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
Hardware & electrical equipment
The telecoms group has lost market share and remains among the most unpopular broadband providers but Barclays thinks things are going to change for the better
Hackers claimed to have breached the online accounts of 20,000 customers, accessing personal details such as names, date of birth and phone numbers
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
Investments and investor services
The index of leading UK shares closed up just shy of 50 points higher at 7,676, while the FTSE 250 was also up
Russ Mould, investment director at AJ Bell said the “AGM could be a test for management as they look to defend a £200mln rights issue earlier this year”
Easyjet and Severn Treant are among the key names in the diary for Wednesday.
Hardware & electrical equipment
"Continued momentum in the first quarter of the financial year means our FY19 guidance remains unchanged, with growth in both the Retail and Wholesale broadband customer bases and headline revenue growth year-on-year"
Archive
Aside from Royal Mail, the day ahead will also include updates from the likes of broadband and telecoms firm TalkTalk, cheese producer Dairy Crest, and housebuilder Galliford Try
JPMorgan’s analysts said “Operating picture of the business has been mostly encouraging and good progress has been made over the course of FY18, laying the ground for growth from FY19 onwards"
Hedge fund Toscafund Asset Management has upped its stake in the phone and broadband provider, prompting some takeover chatter