London open: UK stocks slip ahead of Greek referendum, RBS
3rd Jul 2015 09:13
UK stocks opened slightly lower on Friday morning head of a crucial weekend for Greece, as the government holds a referendum on European bailout proposals. With Friday's economic data calendar looking sparse, investor sentiment was likely to be driven by developments in Athens, as the latest polls s
Read moreLondon pre-open: Flat start expected with investors nervous ahead of Greek referendum
3rd Jul 2015 07:49
UK stocks are expected to open flat on Friday morning as market pause for breath ahead of a quiet day, with investors awaiting a pivotal weekend for Greece. City sources predict the FTSE 100 will open four points lower than Thursday's close of 6,630.47. "With only tier-2 data releases in the calend
Read moreOfcom fines EE £1m for customer service failures
3rd Jul 2015 07:03
UK regulator Ofcom said on Friday that it has fined EE £1m for failing to comply with its rules on handling customer complaints. The investigation into Britain's largest mobile phone company, which is currently in the process of being taken over by BT, was part of the regulator's wider monitoring an
Read moreSunday newspaper round-up: Network Rail, Sky, Channel 4
28th Jun 2015 16:54
Network Rail directors have been meeting with government officials to explore the potential quasi-privatisation of the company, the Sunday Times reported. The idea is being considered as a way to fix its service and prevent costs from spiralling on major projects. The newspaper cited senior sources
Read moreCredit Suisse revises price target for BT, keeps 'outperform' rating
26th Jun 2015 09:48
Credit Suisse has reiterated an 'outperform' rating for BT and raised its price target from 495p to 510p. Analysts said in a note they expected the BT-EE merger to be approved and said forced a spin-off of BT's wholesale broadband division OpenReach was unlikely. BT is attractively valued against t
Read moreBulk of UK broadband providers agree to new business code as Ofcom raises concerns
25th Jun 2015 10:31
BT, TalkTalk and Virgin have signed up to a broadband code of practice for small businesses as Ofcom released new research Thursday. The media regulator's research found about 20% of small businesses were unhappy with not being able to access the internet speeds they were led to expect. The thr
Read moreThursday newspaper round-up: Greece, BT, Formula One
25th Jun 2015 06:35
Hopes over Greece were dashed on Wednesday night after Greek PM Alexis Tsirpas failed to reach a deal after seven hours of talks with creditors, writs the Financial Times. A senior Eurozone official said discussions produced "not much progress". BT is asking Ofcom to let it scrap the traditional tel
Read moreTuesday broker round-up
23rd Jun 2015 08:03
Acacia Mining: Morgan Stanley keeps at equalweight, raises target to 285p from 251p. BHP Billiton: Morgan Stanley stays at equalweight and lifts target to 1,250p from1,150p. Anglo American: Morgan Stanley reiterates underweight and lowers target to 850p from 920p. Antofagasta: Morgan Stanley still
Read moreLondon close: Stocks end on back foot on Greek debt woes
12th Jun 2015 17:09
The UK stock market ended on the back foot on Friday as concerns about ongoing Greek debt talks continued to weigh on investor sentiment. The FTSE 100 was down 0.90% at 6,786 at the close after the International Monetary Fund's technical team quit discussions due to a lack of progress from Athens.
Read moreOfcom plans cut in BT's business wholesale prices
12th Jun 2015 08:02
UK regulator Ofcom said on Friday that it has proposed controls on the wholesale prices BT charges for products using leased telecoms lines, which provide high-speed links for businesses and providers of superfast broadband and mobile services. Ofcom is consulting on the proposed level of those cont
Read moreBT's Champions League glory relies on strong direct execution, says RBC
9th Jun 2015 12:44
Analysts at RBC estimated that BT could add over £100m to its earnings next year, after its broadcasting division ensured exclusive rights to cover the UEFA Champions League for the next three seasons. On Tuesday, BT Sport launched its Champions League and Europa League coverage and confirmed both c
Read moreBT's bid for EE faces in-depth probe
9th Jun 2015 12:10
The Competition and Markets Authority (CMA) said on Tuesday that it has fast-tracked BT Group's deal to acquire EE to a "phase 2" investigation - a deeper probe of the deal - due to concerns about competition. The CMA said that the sale of EE to BT by Deutsche Telekom and Orange could lead to a subs
Read moreBT sets sights on Champions League success as broadcaster unveils new coverage
9th Jun 2015 10:55
BT Sport has launched its Champions League and Europa League coverage and confirmed both competitions will be free to customers who take BT TV. The broadcaster, which has invested £897m to secure exclusive rights for European football's elite competition for the next three seasons, said customers wh
Read moreFTSE 100 movers: Diageo surges on bid speculation, miners lower
8th Jun 2015 13:49
UK stocks were trading slightly higher on Monday, led by strength in the telecommunications, construction and transport sectors. As of 15:15 BST, the FTSE 100 was trading 0.17% higher at 8,816. Diageo led the risers following media reports of bid interest over the weekend. 3G Capital, which is owne
Read moreSunday newspaper round-up: BT Group, Bank Levy, Shire
8th Jun 2015 07:46
BT is set to become a takeover target for Deutsche Telekom as an international telecoms merger frenzy intensifies, according to senior industry executives and City analysts. Speculation of a potential tie-up comes as the German giant is reportedly in advanced talks to merge its American arm, T-Mobil
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