BT 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
Read moreLondon close: Equities close higher as oil prices rise, BoJ loosens policy
29th Jan 2016 16:11
(ShareCast News) - The UK equity market closed higher on Friday as oil prices rose and the Bank of Japan's latest policy decision was well received. Oil prices gained on hopes of a deal by major exporters to cut production to address the global supply glut. At 1640 GMT, Brent crude rose 1.4% to $34.
Read moreFTSE 100 movers: South Africa rate rise sends Old Mutual surging
29th Jan 2016 14:50
(ShareCast News) - The FTSE 100 was back over the 6,000 mark on Friday, rising 105.69 points (1.78%) to 6,037.47 by mid-afternoon. Old Mutual topped the list after South Africa's central bank raised interest rates for the second time in two months yesterday. The bank also cut its growth forecast as
Read moreBT completes EE acquisition; Openreach still an issue
29th Jan 2016 11:14
(ShareCast News) - BT Group said on Friday that it has completed its £12.5bn acquisition of mobile network operator EE. However, the deal still faces a challenge in the form of industry regulator Ofcom, which is currently investigating whether BT should be made to spin off its Openreach arm on compe
Read moreOfcom launches business broadband code to highlight internet speed misselling
26th Jan 2016 11:25
(ShareCast News) - Businesses were being promised more accurate information on broadband speeds on Tuesday, with Ofcom revealing details of a new code of practice that will allow companies to walk away from contracts free of charge if speeds are not as promised. The regulator said that, under a new
Read moreBT promises 1,000 new call centre jobs in next 15 months
18th Jan 2016 10:34
(ShareCast News) - BT Group plans to double the size of its UK customer services workforce with an extra 1,000 new jobs before April 2017. Regulator Ofcom on Friday released figures that showed BT was rated below average for landline and broadband customer service, while soon-to-be-acquired mobile n
Read moreBT Group gets approval to acquire EE
15th Jan 2016 07:13
(ShareCast News) - The Competition and Markets Authority has approved BT Group's plans to acquire EE, bringing together the UK's largest fixed telecoms business and the UK's largest mobile telecoms business. The approval was granted on Friday unconditionally without remedies, and allows the telco to
Read moreFriday newspaper round-up: BHP Billiton, Massive immigration, State pensions
15th Jan 2016 06:59
(ShareCast News) - BHP Billiton has announced a multi-billion-dollar writedown of its US assets as the commodities giant struggles with plummeting prices. The company could be forced to halve its dividend to weather the storm in the commodities sector, blamed "significant volatility and much weaker
Read moreBT said to consider joint ventures with Deutsche Telekom
11th Jan 2016 11:33
(ShareCast News) - BT Group is said to be considering joint ventures with Deutsche Telekom once the acquisition of EE goes through and it becomes its largest shareholder. The group's chairman, Sir Mike Rake, said strategic partnerships and more media deals to boost the television channels shown over
Read moreBT appoints Clive Selley as CEO of Openreach
11th Jan 2016 10:37
(ShareCast News) - BT Group has appointed Clive Selley as the new chief executive officer of its broadband infrastructure unit, Openreach. He will replace Joe Garney, who is leaving to become CEO of Nationwide Building Society and the handover will take place this quarter. Selley is currently CEO o
Read moreBT and TalkTalk broadband pricing appeals to be referred to CMA
6th Jan 2016 12:48
(ShareCast News) - After BT and TalkTalk appealed against telecom regulator Ofcom's ruling on superfast broadband charges, the matter has been referred to the the Competition and Markets Authority. The Competition Appeal Tribunal has referred the matter to the CMA following the appeals made after Of
Read moreThursday newspaper share tips: Fears of BT Openreach split overdone
3rd Dec 2015 11:38
(ShareCast News) - Fears that BT may be forced to sell its infrastructure arm have been overdone, according to The Telegraph's Questor. Sharon White, the head of Ofcom, told the BBC earlier this week that it is looking at four options to for the FTSE 100 telco as it plans to merge with mobile phone
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