BT hit with new Ofcom broadband installation rules
22nd Mar 2016 10:30
(ShareCast News) - BT Group will have to cut the prices and speed installation times for its high-speed business lines, after UK telecoms regulator Ofcom laid out its stricter new rules for its Openreach infrastructure arm. Once they are approved by the European Commission, the stricter new rules ar
Read moreSunday newspaper round-up: Rolls-Royce, Whitbread, Britvic, LSE
20th Mar 2016 16:56
(ShareCast News) - Rolls-Royce has put forward detailed proposals to the government to fill some of the UK's power shortage with a fleet of small reactors built around the company's expertise in generating power for Royal Navy submarines. With the escalating costs and timing of the £18bn Hinkley Poi
Read moreBT picks up BG's Simon Lowth
18th Mar 2016 07:35
(ShareCast News) - BT Group announced the appointment of Simon Lowth as group finance director on Friday, also assigning him an executive board director. Lowth was being hired to replace the FTSE 100 firm's current finance director, Tony Chanmugam, following a handover period. Chanmugam was moving w
Read moreSnoopers' Charter opponents attempt to get BT onside
15th Mar 2016 14:17
(ShareCast News) - Online activism group SumOfUs upped the stakes in its fight against the Snoopers' Charter on Tuesday afternoon, attempting to convince BT to join its fight as the controversial bill was read in the House. Parliament was holding its second reading of Theresa May's updated Investiga
Read moreMonday 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
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