UBS slashes projections for BT Group's 2017-19 equity free cash flows
10th Feb 2017 13:28
(ShareCast News) - UBS marked down shares of BT following the group's recent profit warning, telling clients it remained wary of various other possible sources of risk too. As a result of the former, analyst Polo Tang trimmed his earnings per share estimates for the period covering between 2017 and
Read moreFriday broker round-up
10th Feb 2017 10:35
(ShareCast News) - British American Tobacco: Berenberg upgrades to Buy with a target price of 5670p. Smith & Nephew: Jefferies reiterates Buy with a target price of 1350p. BT Group: UBS maintains Neutral with a target price of 325p. Ashmore Group: UBS maintains Buy with a target price of 390p. Da
Read moreDirectors dealings: BT Group's HR head picks up shares after Italian debacle
6th Feb 2017 16:29
(ShareCast News) - Alison Wilcox, BT Group's head of Human Resources, picked up some shares in the company on 3 February two days after the telecoms group brought on board Sir Brendan Barber and Edward Astle as independent members of its newly formed board, created as part of an Ofcom-guided strateg
Read moreBT builds up Openreach board to reestablish 'trust and credibility'
1st Feb 2017 07:09
(ShareCast News) - BT announced on Wednesday that Openreach had appointed Sir Brendan Barber and Edward Astle as independent members of its newly formed board, created as part of an Ofcom-guided strategy to improve autonomy and independence at the telecoms infrastructure firm. The FTSE 100 company s
Read moreSector movers: Telcos dodge losses as miners, Big Oil drag
30th Jan 2017 16:56
(ShareCast News) - Telecommunications and pharma issues found a bid as stocks in the Materials space lost ground amid risk-off trading in the wake of the past weekend's events which saw a significant amount of confusion in the US, and to an extent in many other countries, over the scope of the tempo
Read moreBT quarterly earnings down as it deals with Italian accounting scandal
27th Jan 2017 07:09
(ShareCast News) - BT's third quarter revenue increased but earnings were down as the telecoms giant deals with an accounting scandal at its Italian business, while it also faces a more challenging outlook in the UK. For the quarter ended 31 December 2016, revenue was up 32% to £6.12bn, compared to
Read moreFriday preview: US fourth quarter GDP, BT third quarter interims
26th Jan 2017 13:57
(ShareCast News) - The US economy slowed in the fourth quarter compared to a year ago, the advance estimate from the Commerce Department is expected to show on Friday. Economists predict gross domestic product rose 2.2% year-on-year in the fourth quarter, easing back from 3.5% growth in the previous
Read moreWednesday broker round-up
25th Jan 2017 09:59
(ShareCast News) - Paddy Power: Barclays reiterates Overweight with a target price of 110p. Reckitt Benckiser: Berenberg upgrades to Buy with a target price of 7,900p. Crest Nicholson: Deutsche Bank reiterates Hold with a target price of 564p. BT Group: Citi reiterates Buy with a target price of 4
Read moreBT warns on profits after Italian writedown and UK slowdown
24th Jan 2017 07:18
(ShareCast News) - BT has cut its profit guidance for the next two years after an investigation into accounting blunders at the telecoms giant's Italian business forced it to more than triple its expected write-downs to £530m, while the UK business has also seen a deterioration in its outlook. An in
Read moreSector movers: Miners pace gains as dollar weakens on Trump
23rd Jan 2017 15:55
(ShareCast News) - Steelmakers and miners found an unexpected ally at the start of the week in the form of a weaker US dollar in the wake of what a fair bit of market commentary appeared to label as a rather protectionist Inauguration Day speech by US President Donald Trump. That drove a haven bid f
Read moreSunday newspaper round-up: Industrial strategy, May to meet Trump, Barclays, courgettes
22nd Jan 2017 15:04
(ShareCast News) - Theresa May will on Monday reveal her '10 pillars' industrial strategy that will aim to boost sector productivity. The Sunday Times said the Prime Minister's long-awaited green paper includes measures to improve skills, boost scientific research, and increasing spending on broadba
Read moreBT to hike broadband prices by more than triple CPI inflation
20th Jan 2017 16:46
(ShareCast News) - BT Group is to hike its broadband prices by more than triple the amount of inflation. It would also charge more for calls and some TV packages. Customers on standard copper broadband would be hit with an additional £2 from 2 April 2, BT said in a statement. Those on its quicker I
Read moreSector movers: BT, Smurfit Kappa move higher after hiking prices
20th Jan 2017 15:53
(ShareCast News) - Cyclicals led gains, spearheaded by oil service and general industrial issues, alongside an advance in stock of BT Group after the UK telecoms incumbent let it be known it would be raising prices for its broadband and landline services. AMEC Foster and Petrofac were up as crude oi
Read moreWednesday broker round-up
18th Jan 2017 09:48
(ShareCast News) - Hochschild Mining: RBC Capital Markets reiterates Outperform with a target price of 290p. Pearson: Liberum reiterates Sell with a target price of 470p. IG Group: Barclays reiterates Overweight with a target price of 612p. British American Tobacco: Citi reiterates Buy with a targ
Read moreWednesday broker round-up
11th Jan 2017 13:32
(ShareCast News) - Burberry: Barclays upgrades to Overweight and lifts target price from 1450p to 1760p. AstraZeneca: UBS maintains Buy, keeps target price of 5,000p. Spectris: Bank of America Merill Lynch upgrades to Buy with a target price of 2600p. Unilever Plc: UBS maintains Buy with a target
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