Ofcom wants to open up BT's ducts and poles
6th Dec 2016 13:51
(ShareCast News) - A new promise to broadband providers was made by Ofcom on Tuesday, saying they will be able to build ultrafast, full fibre networks more cheaply and easily than they can now, still using infrastructure owned by BT. The regulator outlined a strategy in July to promote the large-sca
Read moreFTSE 100 movers: Miners fly south, housebuilders warmed by BoE data
29th Nov 2016 15:05
(ShareCast News) - As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday. A fall in metals prices, led by copper, saw investors migrate out of Antofagasta, Fresnillo, BHP Billiton, Rio Tinto, Anglo Americ
Read moreBT must legally separate Openreach, Ofcom rules
29th Nov 2016 07:07
(ShareCast News) - Ofcom has ruled that BT must legally separate from its Openreach infrastructure arm due to its failure to satisfy the regulator's competition concerns. BT made a move late on Monday to try and prevent the enforced spin-off with the appointment of a former director of the telecoms
Read moreTuesday broker round-up
22nd Nov 2016 09:56
(ShareCast News) - BT Group: UBS reiterates neutral with a target price of 400p. Tesco: JP Morgan reiterates underweight with a 135p target. Relx: Credit Suisse stays at outperform with a 1600p target. Pets at Home: HSBC reiterates buy with a 320p target. Royal Dutch Shell B: UBS starts coverage
Read morePremier League agrees bumper £560m Chinese TV rights deal
18th Nov 2016 14:47
(ShareCast News) - Chinese streaming service PPTV will pay as much as £650m to show Premier League games over the next three years, in what will be the football competition's largest ever overseas broadcast deal. PPTV is a unit of Suning Holdings Co, who bought a majority stake in Italian football g
Read moreSector movers: Investors catch their breath after sharp rotation towards cyclicals, ponder next move
11th Nov 2016 21:56
(ShareCast News) - Defensives and so-called 'bond proxies' took over from cyclicals such as aerospace and defence or industrial engineers following two days of gains for the latter after the unexpected election results Stateside. That had left some cyclicals technically 'overbought' while "defensive
Read moreSunday share tips: British American Tobacco, BT Group, Luceco,
30th Oct 2016 16:11
(ShareCast News) - Buy shares in British American Tobacco, said the Sunday Times' Inside the City column as the cigarette maker tries to buy rival Reynolds American. Though the industry faces innumerable hurdles, cigarette companies keep rewarding those hooked on yield. As BAT made a £4.56bn profit
Read moreFriday broker round-up
28th Oct 2016 15:33
(ShareCast News) - Barclays: JP Morgan keeps at neutral with a target price of 190p. Standard Life: Jefferies stays at buy, 391p target. Senior: Berenberg reiterates buy with a 220p target. Imperial Brands: Deutsche Bank reiterates buy with a 4600p target. ITV: Credit Suisse reiterates outperform
Read moreEE acquisition helps boost revenue at BT
27th Oct 2016 07:07
(ShareCast News) - Telecommunications provider BT Group announced its results for the second quarter and half year to 30 September on Thursday, with reported revenue up 35% for the quarter, and growth in underlying revenue - excluding transit adjusted for the acquisition of EE - up 1.1%. The FTSE 10
Read moreBT's pension deficit swells to £14.2bn, UBS says
19th Oct 2016 12:02
(ShareCast News) - Warning that BT Group's pension deficit has probably widened significantly, UBS cut its price target on the telecoms group and held its 'neutral' rating. UBS estimated the BT pension deficit now stands at £14.2bn on an actuarial basis, versus the £10.0bn disclosed by the trustees
Read moreTuesday broker round-up
18th Oct 2016 12:36
(ShareCast News) - BT Group: Goldman Sachs keeps at buy with a target price of 560p. Bellway: Canaccord reiterates buy, 2350p target. Standard Life: Barclays keeps at underweight with a 301p target. Debenhams: HSBC maintains reduce with a 50p target. Smiths Group: UBS keeps at neutral with a 1510
Read moreTuesday newspaper round-up: AstraZeneca, rental housing, BT, BP
4th Oct 2016 06:57
(ShareCast News) - AstraZeneca has won a major victory in the UK after the country's drugs watchdog approved one of the most important cancer drugs in its oncology portfolio. The National Institute for Health and Care Excellent (Nice) announced on Tuesday that osimertinib, known under the brand name
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreThursday broker round-up
15th Sep 2016 13:57
(ShareCast News) - Sanne Group: Berenberg reiterates buy with a target price of 600p. Vodafone: Barclays reiterates overweight, 260p target. Petrofac: Jefferies downgrades to hold with a 800p target. Anglo American: JP Morgan reiterates overweight with a 1150p target. RPC Group: Berenberg stays a
Read more