Monday newspaper round-up: Banks, BoE, Morrison's, BT
1st Aug 2016 06:43
(ShareCast News) - Britain's top bank bosses believe an interest rate cut this week is not the best way to boost the economy, arguing instead for alternative options such as investment incentives. Markets are almost certain that the Bank of England will cut its base rate from 0.5pc to 0.25pc this Th
Read moreSector movers: Oil-related sectors retreat as Aerospace & Defence flies
28th Jul 2016 16:42
(ShareCast News) - FTSE indices were mixed heading towards the closing bell on Thursday, with the blue-chip index helped south by oil stocks undermined by crude's weakness and Royal Dutch Shell's second-quarter shocker. "An unsurprisingly indecisive session in Europe has seen the likes of the FTSE l
Read moreBT beats profit forecasts for first quarter and confirms outlook
28th Jul 2016 08:05
(ShareCast News) - BT got off to an encouraging start to its financial year, with profits beating market expectations helped by a healthy contribution from the continuing integration of mobile arm EE since January's acquisition. On revenue up 35% to £5.78bn in the three months to 30 June, earnings b
Read moreBT's Openreach must legally separate but remain within group, says regulator
26th Jul 2016 07:16
(ShareCast News) - BT Group's infrastructure arm Openreach should be forced to become a legally distinct company with its own board, own staff and separate branding to give it independence from the larger group, a report from regular Ofcom confirmed on Tuesday. Shares in BT rose as the results of th
Read moreTuesday newspaper round-up: Weale, negative rates, FCA, BT
26th Jul 2016 07:02
(ShareCast News) - One of the UK's top monetary policymakers has indicated he has changed his mind after a series of negative business surveys and now favours an immediate stimulus for the UK economy. The new stance of Martin Weale, an independent member of the Bank of England's Monetary Policy Comm
Read moreEx-BT manager slams company over infrastructure investment
25th Jul 2016 11:49
(ShareCast News) - A former manager at BT slammed the listed telco over its approach to infrastructure investment on Monday, a day before Ofcom announces its plans for the company's wholly-owned subsidiary Openreach, which has monopoly ownership of Britain's telephone network. On Tuesday, the regula
Read moreSunday newspaper round-up: Brexit, BT, Lloyds, energy companies
24th Jul 2016 11:22
(ShareCast News) - Plans to allow the UK an exemption from EU rules on freedom of movement for up to seven years while retaining access to the single market are being considered in European capitals as part of a potential deal on Brexit. Senior British and EU sources have confirmed that despite stro
Read moreSunday newspaper roundup: Lloyds, UK trade deals, BAE, SABMiller, Lonmin, Uber
17th Jul 2016 12:43
(ShareCast News) - The new government could accelerate the re-privatisation of Lloyds Banking Group and scrap George Osborne's plan for a sale to retail investors, senior financiers believe. While Mr Osborne wanted to make a profit on every share in the bank, only selling when the price stood at abo
Read moreMonday newspaper round-up: BoE groupthink, corporate governanace, BT, Diageo, Tesla
11th Jul 2016 06:53
(ShareCast News) - A former Bank of England economist has called for an overhaul of the central bank's approach to decision making and for the power of the governor to be curtailed, as the first interest rate cut since 2009 is considered in response to the economic turbulence that has followed the B
Read moreTelecoms row over BT's control of Openreach
7th Jul 2016 11:52
(ShareCast News) - BT Group's control over Openreach is being challenged by Sky after findings that the company's £47bn retirement scheme would be unaffected by financial independence for the network unit. Regulator Ofcom will this month publish a detailed proposal for the future of Openreach, a mon
Read moreWednesday newspaper round-up: Sterling, ITV, BT, Ofcom, Network Rail
6th Jul 2016 07:19
(ShareCast News) - The pound plumbed new depths against the dollar and investors rushed for the perceived havens of gold and government bonds as financial turmoil intensified in the wake of the UK's Brexit vote, with sterling hitting $1.2798 in early Asian trading on Wednesday - its lowest in more t
Read moreSunday newspaper round-up: Brexit, BoE, LSE, housebuilders, Rio Tinto, Go-Ahead
3rd Jul 2016 16:58
(ShareCast News) - A group of businesses is preparing a legal challenge to prevent the government from beginning Brexit negotiations without an act of parliament. The action, brought by law firm Mishcon de Reya, would potentially complicate Britain's path to leaving the EU, given that a majority of
Read moreThursday newspaper round-up: Theresa May, City hiring, BT, MyLocal
30th Jun 2016 07:25
(ShareCast News) - Theresa May will on Thursday launch her bid to become prime minister with a promise to restore business confidence and stability to a country reeling from last week's Brexit vote. The home secretary is running as the "safe pair of hands" candidate for the Tory leadership, with all
Read moreFinancials, Fixed-line telecoms pace gains
20th Jun 2016 15:48
(ShareCast News) - Life insurers, Fixed line telecommunications, Banks and financial services paced jumped after a flurry of polls over the weekend pointed to renewed momentum for the 'Remain' camp. The news sent the Footsie to its largest one-day advance since February, with just three of the bench
Read moreUBS sees rebound in Sky, BT Group, TalkTalk on Bremain
20th Jun 2016 12:36
(ShareCast News) - Telecoms stocks should 'outperform' under a 'Leave' scenario, but even in the case of 'Bremain' names such as Sky, BT Group and TalkTalk should see a rebound, analysts at UBS said. In case of Brexit, UBS's strategy team foresaw three potential effects; sterling re-rating to parity
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