Monday newspaper round-up: retailers, Sports Direct, BT, Brexit
29th Feb 2016 07:03
(ShareCast News) - Britain's retailers predict that almost 1m jobs in the sector - a third of today's total - will disappear by 2025 as technology and the rising minimum wage reshape the industry. Retailers currently employ one in six British workers - about 3m people - and the sector accounts for a
Read moreFriday newspaper round-up: Brexit, Apple, BT, UK power cuts
26th Feb 2016 07:11
(ShareCast News) - George Osborne is pushing the Group of 20 leading economies to warn about the dangers of the UK leaving the EU, in the latest sign the government is seeking powerful global backing for the case for remaining in the bloc. The chancellor's drive to include a warning about Brexit in
Read moreFTSE 100 movers: Lloyds leads index back over 6,000
25th Feb 2016 14:15
(ShareCast News) - The FTSE 100 was back over 6,000 on Thursday, erasing losses from the previous two days. The blue-chip index was up 146.76 points (2.50%) to 6,013.94 by mid-afternoon. Lloyds Banking Group was the big riser, after it saw underlying profit increase 5% to £8.1bn during the year, wi
Read moreThursday newspaper round-up: LSE/Deutsche Boerse, cyber fraud, BT, IMF
25th Feb 2016 07:10
(ShareCast News) - The European trading giant planned by Deutsche Börse and the London Stock Exchange Group will be based in London but headed by the German group's chief executive, according to people close to the two sides. They are set to proceed with plans to make London the domicile for the new
Read moreBT keeps hold of Openreach but must 'open up' network, says Ofcom
25th Feb 2016 07:09
(ShareCast News) - BT Group may still be forced spin off its Openreach infrastructure arm, regulator Ofcom said, unless it effectively opens up the network to rivals and implements major reforms. A review carried out by the telecoms regulator found under the current model of BT ownership Openreach l
Read moreSunday newspaper round-up: GSK, Sainsbury's, BT, Imagination Technologies
21st Feb 2016 17:23
(ShareCast News) - Financial institutions in the City of London are fairly pleased with David Cameron's agreement with the European Union ahead of June's referendum as it looks to have secured the Square Mile from excessive further Brussels red tape. A potentially painful sticking point has been avo
Read moreThursday newspaper round-up: Apple, BT, William Hill, workers' rights
18th Feb 2016 07:26
(ShareCast News) - The chief executive of Google and the founder of WhatsApp, the Facebook-owned messaging service, have voiced their support for Apple in its fight with the FBI over encryption. Apple has said it would challenge a federal court order to unblock an iPhone used by one of the San Berna
Read moreBroker tips: Tullow Oil, BT Group, StanChart
12th Feb 2016 16:34
(ShareCast News) - Tullow Oil has been downgraded from 'outperform' to 'neutral' by Exane BNP Paribas, as it signalled the challenges for the oil exploration and production sector are "worse than we thought". "A weakening demand environment, US shale's continued resilience and conventional supply gr
Read moreUBS downgrades BT on increasing competition
12th Feb 2016 12:16
(ShareCast News) - UBS downgraded BT Group to 'sell' from 'neutral' with an unchanged 430p price target, saying the risk/reward profile was unattractive. The bank said risks from increasing competition have been underestimated. "Our estimates are broadly in line with consensus and assume a continua
Read moreLondon pre-open: Stocks seen higher following Friday's losses
8th Feb 2016 07:15
(ShareCast News) - London stocks are expected to open higher on Monday, rebounding from Friday's losses. London's FTSE 100 is seen starting 30 points firmer than Friday's close at 5,878. It will be a quiet day on the macroeconomic front, with no major UK or US data releases due. BT on the hunt for
Read moreBT Group confirms search for new finance director
8th Feb 2016 07:11
(ShareCast News) - BT Group has confirmed reports that it is on the hunt for a new Group Finance Director. The FTSE 100 company confirmed on Monday that incumbent Tony Chanmugam "may step down later this year" and that a search process is underway. It said no formal decision has been made about a re
Read moreBT network suffers major internet outage around UK
2nd Feb 2016 15:44
(ShareCast News) - BT Group's broadband and landline network has been hit by a wide-scale outage across several locations around the UK on Tuesday afternoon. According to the downdetector.co.uk website, which monitors internet failures, the outage hit cities including London, Birmingham, Sheffiel
Read moreTuesday newspaper share tips: BT Group still worth holding despite Openreach review
2nd Feb 2016 11:03
(ShareCast News) - With the possibility that regulator Ofcom may have to separate BT and Openreach, The Telegraph's Questor is advising investors to 'hold' in the meantime. It comes after the FTSE 100 company announced on Monday that third quarter revenues have risen 3%, leaving the company's year-t
Read moreFTSE 100 movers: Another Prudential management change leads market down
1st Feb 2016 14:24
(ShareCast News) - The FTSE 100 has started the month on a sour note, with the blue-chip market down 66.82 points (1.10%) to 6,016.97 by mid-afternoon on Monday. Prudential was one of the biggest fallers after the company announced another high-profile departure. Michael McLintock has decided to ret
Read moreBT Group's third quarter revenues rise as restructure unveiled
1st Feb 2016 07:14
(ShareCast News) - BT Group's third quarter revenues have risen 3%, leaving the company's year-to-date revenues flat. In a results released on Monday, the company said revenue for the three months to 31 December 2015 was £4.59bn, with revenue for the nine months at £13.25bn. Reported profit before
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