Broker snap: UBS trims BT forecasts despite UEFA win
11th Nov 2013 09:50
UBS has maintained its 'sell' rating for BT after the company won the exclusive rights to the UEFA Champions League and UEFA Europa League, raising concerns about the price it paid to secure the deal. BT is paying £299m a year for three seasons for the UK TV live rights to the tournaments, the firs
Read moreBroker snap: Nomura downgrades BSkyB after BT-UEFA deal
11th Nov 2013 09:06
Pay-TV broadcaster British Sky Broadcasting was trading firmly in the red on Monday after news that BT has won the exclusive rights to the UEFA Champions League and UEFA Europa League tournaments for three seasons. The announcement prompted Nomura to downgrade its rating for the stock from 'buy' to
Read moreLondon open: Markets flat as RSA, media stocks drop
11th Nov 2013 08:30
- RSA drops on Irish review, exec suspensions - BT wins UEFA rights, BSkyB and ITV lose out - Bank holidays in US, Canada and France techMARK 2,636.73 -0.14% FTSE 100 6,706.52 -0.03% FTSE 250 15,387.49 +0.30% UK markets were broadly flat on Monday morning as some heavy falls from RSA, BSkyB and IT
Read moreBT wins exclusive rights to UEFA tournaments
11th Nov 2013 08:01
- BT to pay 299m pounds each season for the rights - Pledges to make matches more accessible and affordable - Shares in current broadcasters BSkyB and ITV fall sharply In a major blow to BSkyB and ITV, telecoms group BT has won the exclusive rights to broadcast live the UEFA Champions League and UE
Read moreSunday newspaper round-up: Serco, Energy companies, Economic growth
10th Nov 2013 17:04
Serco will warn on November 14th that it will not meet forecasts for annual profits, the Sunday Times reported. The outsourcing company has been hit by Government allegations of fraud in contracts to tag prisoners. Investors had expected Serco to report annual profits of about £326m but analysts now
Read moreMonday newspaper round-up: IPOs, BT, Economic growth
4th Nov 2013 07:15
A string of oil and gas firms is expected to float on the junior stock market in the coming months as they tap in to a growing appetite for initial public offerings (IPOs). Accountancy firm EY's latest report on the sector's smaller companies shows flotation activity has already propelled business c
Read moreSunday share tips: Imperial Tobacco, Merlin, BT
3rd Nov 2013 13:36
Imperial Tobacco Chief Executive Alison Cooper has got a tough task in trying to make up for falling cigarette sales in the West, the Sunday Times's Danny Fortson said. In his Inside the City column, he argued Cooper had yet to produce ideas to get Imperial moving. Cost cuts and premium brands have
Read moreLondon close: FTSE drops 46 points as data comes in mixed
31st Oct 2013 16:22
- FTSE declines 46 points - Fed decision continues to weigh heavy - Data across the globe comes in mixed techMARK 2,662.03 -0.11% FTSE 100 6,731.43 -0.68% FTSE 250 15,479.95 -0.66% The FTSE 100 fell 46 points by the close on Thursday as investors took stock of the Federal Reserve's policy decisio
Read moreSector movers: Telecoms buzzes higher as BT lifts dividend dial
31st Oct 2013 16:16
BT led the fixed line telecoms sector higher on Thursday as it lifted its dividend and provided an update on a 'confident start' for its new BT Sport television channel. BT said increased adjusted half-year profits rose 3% to £1.204bn, and for the second quarter climbed 2% to £609m. This led to r
Read moreFTSE 100 movers: BT jumps after impressing with Sport package
31st Oct 2013 13:26
Telecomms heavyweight BT today reported a 13 per cent decline in half-year pre-tax profits to 948m pounds, but said the recently introduced BT Sport package had made a 'confident start'. Shares in the group floated higher, encouraged by a 13 per cent jump in the interim dividend to 3.4p and a reaffi
Read moreBT profits down but gives positive update on BT Sport
31st Oct 2013 07:49
- Reported PTP down 13 per cent - Adjusted PTP up three per cent - BT Sport off to good start Telecomms heavyweight BT on Thursday reported a 13 per cent decline in half-year pre-tax profits to 948m pounds, but said the recently introduced BT Sport package had made a 'confident start'. Shares in
Read moreBT Group gains on reports of dividend hike
28th Oct 2013 11:00
BT Group's shares climbed on market speculation that it will raise its dividend by more than 10 per cent when it reports its half year results on Thursday. The company's results are expected to reflect a growth in its mobile business and weak performance in TV, according to Nomura. "An Openreach r
Read moreLondon close: Stocks rally on hopes over 11th-hour deal in Washington
16th Oct 2013 16:24
Stocks swung sharply into positive territory on Wednesday afternoon with the FTSE 100 hitting a four-week high on that US leaders can come to a deal to raise the debt ceiling before tomorrow's deadline. Despite a weak start, the FTSE 100 finished up 22.48 points at 6,571.59, its highest level since
Read moreFTSE 100 movers: Hargreaves Lansdown extends yesterday's gains
16th Oct 2013 15:14
Shares of Hargreaves Lansdown were leading gains on the Footsie and may have broken above technical resistance at the 1,044p mark after yesterday reporting record levels of assets under administration (AuA) in the fiscal first quarter. The financial services company reported AuA of £39.3bn in the
Read moreSector movers: Telecoms rise as BT hits record high
16th Oct 2013 14:26
The fixed line telecommunications sector was the top performing category in London on Wednesday with gains from heavyweight firm BT Group providing a boost. BT was trading at an all-time high of 360.3p by 15:15 today, up 1.66% on the day, after Goldman Sachs upgraded its rating on the stock to 'con
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