Berenberg lowers target price on BT
4th Jan 2023 08:55
(Sharecast News) - Analysts at Berenberg lowered their target price on telecommunications giant BT Group from £1.90 to £1.60 on Wednesday, stating "all eyes" will be on pricing moves.
Read moreBT Group merging two units in bid to save £100m a year
16th Dec 2022 07:03
(Sharecast News) - BT Group on Friday said it was combining its global and enterprise units to create a new corporate operation, in a move designed to save £100m a year by the end of 2025.
Read moreBT Group expands partnership with Nokia, shares rally
14th Dec 2022 09:43
(Sharecast News) - BT Group rallied on Wednesday after Nokia announced the expansion of its partnership with the telecoms group in a five-year deal for its AVA Analytics software for fixed networks.
Read moreSunday newspaper round-up: Power prices, Broadband bills, Brexit protocol
11th Dec 2022 20:35
(Sharecast News) - Power prices hit a record high due to a combination of a cold snap and a dearth of wind. Power prices in the UK for a day ahead hit a record £675 per megawatt hour on the Epex Spot Exchange on Sunday as the country was blanketed with snow and temperatures fell below zero. At the peak hours between five and six o'clock power costs surged to £2,586 per megawatt hour. Furthermore, National Grid forecast that power demand would peak at nearly 46,700 megawatts on Monday, versus 43,000 MW on Sunday. Energy supply from wind meanwhile fell to about 5% of the country's demands on Sunday, against an average of 28.5% over 2022. - The Sunday Telegraph
Read moreBT pension scheme may need more 'support' from telecoms firm - report
8th Dec 2022 09:56
(Sharecast News) - BT Group's pension scheme has told politicians it could require more support from the telecoms group after it made changes to its investment strategy.
Read moreBT agrees pay rise for all but highest-paid workers
28th Nov 2022 14:45
(Sharecast News) - BT Group has agreed to give a cost-of-living pay rise to all but its highest-paid workers.
Read moreBT to merge two of its struggling businesses to cut costs - report
28th Nov 2022 11:58
(Sharecast News) - BT Group is reportedly preparing to merge two of its struggling divisions serving corporate clients as it looks to cut costs.
Read moreOpenreach to limit investment into ultrafast fibre broadband rollout
23rd Nov 2022 10:55
(Sharecast News) - Openreach will limit its investment into the rollout of ultrafast fibre broadband across the UK as BT's networking unit looks to cut costs and get more "bang for its buck" as Britain continues to combat a red-hot inflationary environment.
Read moreBT 'may be able to up pay offer' after govt energy bill support
11th Nov 2022 12:47
(Sharecast News) - UK telecoms group BT has told staff it could offer extra financial support for those hit hardest by the cost of living crisis as it frees up cash thanks to the government's energy subsidy for businesses.
Read moreBT Group boosts cost-saving target as inflation bites
3rd Nov 2022 07:06
(Sharecast News) - BT Group is seeking a further £500m of savings after being hit by surging inflation, including higher energy prices, the telecoms specialist confirmed on Thursday.
Read moreBT's Openreach holds talks to lower wholesale rates - report
31st Oct 2022 10:08
(Sharecast News) - BT's infrastructure division Openreach is reportedly in talks to offer lower-cost deals to internet service providers that use its network across the UK.
Read moreSector movers: Telecoms, homebuilders pace gains
3rd Oct 2022 16:06
(Sharecast News) - Interest rate sensitive sectors were topped the leaderboard after the government walked back on a proposed tax cut for top earners.
Read moreSunday newspaper round-up: British Steel, Takeovers, Credit Suisse
2nd Oct 2022 16:23
(Sharecast News) - Jingye Group, the Chinese outfit that brought British Steel out of insolvency in 2020, has told ministers that its two blast furnaces would not be viable unless financial support from taxpayers was forthcoming. In remarks to Sky News, insiders said the company may need "hundreds of millions of pounds" in order to keep the company's blast furnaces in Scunthorpe, north Lincolnshire, operational. It remained nevertheless unclear whether the rescue package would take the form of a grant or loan. - Sunday Telegraph
Read moreBerenberg downgrades BT to 'hold'
6th Sep 2022 09:13
(Sharecast News) - Analysts at Berenberg downgraded telecommunications giant BT Group from 'buy' to 'hold' on Tuesday, citing a "corridor of concerns".
Read moreUK govt to take no action over Drahi's BT stake
23rd Aug 2022 07:19
(Sharecast News) - BT Group said on Tuesday that the UK government will not be taking any action over French billionaire and Altice owner Patrick Drahi's stake in the telecoms group.
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