Auditor PwC to be investigated over BT 's Italian accounting fraud
The FRC said the decision was prompted by “announcements by BT in relation to accounting issues in its Italian operations”.
Sector
Telecommunications
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BT shares move higher as Macquarie moves to ‘outperform’
Following the share price slide this month, analyst Guy Peddy thinks the stock’s valuation is now attractive
Satellite Solutions going the extra mile
The half-year trading update suggested the company is ahead of the game in terms of meeting the market's full-year expectations on revenue
BT Group unveils phone box of the future featuring super-fast free Wi-Fi
Internet access will be faster than a speeding bullet
Satellite Solutions sees accelerated customer sign-up
The board is confident that the solid performance of the core business and recently completed acquisitions will continue for the remainder of the current financial year
Snapchat receives backlash from parents over child safety concerns of new map
Snapchat has defended its new searchable map after parents raised concerns about their children's safety
Snap shares edge closer to IPO price as Facebook-owned Instagram adds more users
Instagram’s Stories feature now has 250mln daily users, compared to Snapchat’s 166mln
BT confirms purchase of £200mln worth of shares dumped by rival Orange
Orange acquired the stake when it sold its half of UK mobile group EE to BT in 2016.
Avanti Communications inks two-year, US$4.5mln deal with new customer in mobility market
It’s the first contract won by Avanti in this particular sector, and the company hopes more will follow
Snap Inc: Do Facebook and Google provide a market road map for the beleaguered messaging giant?
The message app company's shares fell back to US$17 - the IPO price - but will things improve?
Avanti Communications fired up by debt refinancing
The new three year agreement replaces an existing US$50mln debt facility
Vodafone's signal boosted by price target hikes from both Deutsche Bank and Berenberg
In its note to clients, Deutsche Bank repeated its ‘buy’ rating on Vodafone as it raised its target to 300p from 285p after hiking estimates following the firm’s full-year results
Berenberg downgrades rating for TalkTalk in note flagging up uncertainties in the UK telecoms and broadband sector
The broker’s analysts cut their stance on the FTSE 250-listed firm to ‘sell’ from ‘hold’ after chopping its target price by 37%, to 140p from 224p
Department 13 granted U.S. patent to enhance counter drone solution
The technology provides additional revenue opportunities in cyber security.
Vodafone signs partner market agreement with South Korea's LG Uplug
Vodafone has entered into a partner market agreement with South Korean telecommunications company LG Uplug Corp.
Snapchat releases Spectacles camera glasses in Europe amid fierce competition in tech
Snap, Apple, Facebook and Google are competing to become leaders in camera technology
Morgan Stanley downgrades BT Group's rating amid worries about its future dividends
In a note to clients, the US bank downgraded its stance for the FTSE 100-listed firm to ‘equal-weight’ from ‘overweight
Jefferies cuts BT target price to reflect dividend concerns amid issues over its pension funding
The US broker has cut its target price for BT shares to 280p from 325p, while retaining a ‘hold’ rating on the stock
Avanti Communications warns new contract wins will not generate “material revenue growth” in the second half
The AIM-listed firm said it had seen over US$25mln of new business awarded in the last two months as demand has picked up in Europe and Middle East.
BATM Advanced Communications receives follow-on order for state-of-the-art waste disposal system
It takes the total value of the contract to US$3.6m with delivery set for later this year.