Ofcom sides with Sky in round-one of BT battle
20th Jun 2013 12:41
The UK communication regulator Ofcom has ruled in favour of British Sky Broadcasting against one of BT's complaints that the satellite broadcaster was abusing its dominant position. BT complained that Sky had blocked its attempts to advertise on the Sky Sports channels. BT said that by refusing t
Read moreThursday newspaper round-up : Lloyds, RBS, BT, Dolce and Gabbana
20th Jun 2013 06:44
Chancellor George Osborne has signalled the prospect of the first stages of the privatisation of Lloyds Banking Group, The Telegraph reported. He hinted the sale of the state-backed lender's shares within months, saying the bank was in a good position for selling down the taxpayer's 39% internet. Ho
Read moreCEO Ian Livingston leaves BT for government role
19th Jun 2013 12:21
FTSE 100-listed telecommunications giant BT has reported that Gavin Patterson will succeed Ian Livingston as Chief Executive Officer (CEO) of BT Group. The group said that Livingston had agreed to take up a role in government as Minister of State for Trade and Investment and would continue as the b
Read moreBSkyB hits back at BT with free broadband blow
14th Jun 2013 16:08
British Sky Broadcasting has landed a counter-punch on rival BT as both companies duke it out for sports fans and broadband customers. A few weeks after BT launched a free sports TV offer for customers who signed up to its broadband, BskyB on Friday launched a counter-offer of free broadband to th
Read moreBroker tips: Lloyds/RBS, BT, Sainsbury
12th Jun 2013 11:39
Barclays Capital (BarCap) has raised both its ratings for part-nationalised lenders Lloyds Banking Group and Royal Bank of Scotland (RBS) as the government begins to come up with a plan to re-privatise the banks following their bailout in 2008. BarCap has upgraded Lloyds from 'underweight' to 'equa
Read moreBroker snap: Credit Suisse ups target for BT, keeps at 'outperform
12th Jun 2013 10:20
Credit Suisse has raised its target price for telecommunications giant BT Group from 300p to 350p and maintained its 'outperform' rating on the stock. The broker said that while BT can continue to reduce costs for the next seven years until 2020, the near-term potential for cost cutting is now more
Read moreWednesday broker round-up UPDATE
12th Jun 2013 07:55
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra
Read moreFTSE 100 movers: Johnson Matthey gains as results beat forecasts
6th Jun 2013 14:37
Platinum refiner and chemicals group Johnson Matthey rose to the top of the FTSE 100 on Thursday after the company reported full-year results that beat analysts' estimates. Bank of America Merrill Lynch upgraded its rating from 'neutral' to 'buy', saying Johnson's second-half earnings were 5.0% ah
Read moreThursday broker round-up UPDATE
6th Jun 2013 07:37
Aggreko: Goldman Sachs cuts target price from 2425p to 2125p, while retaining its buy recommendation. Alliance Pharma: FinnCap shifts target price from 35p to 38.50p and stays with its hold recommendation. APR Energy: Goldman Sachs reduces target price from 990p to 945p keeping a buy recommendatio
Read moreSunday newspaper round-up: Co-op, home prices, copper
2nd Jun 2013 18:42
The Co-operative is weighing measures designed to bolster the capital levels at its banking subsidiary which may impose losses on the unit's junior bondholders. The deficit in regulatory capital at its banking division has been estimated by Barclays analysts at between 800m pounds and 1.8bn pounds.
Read moreLondon close: Stocks off again, Yen keeps strengthening
24th May 2013 16:15
London equities finished lower for a second straight day, with investors being put off by the recent gyrations in the market, although the early close of some US markets ahead of the Memorial Day weekend may also have played a role. Market commentary is a tad divided regarding the direction which
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreVodafone ends talks with BT for new contract
20th May 2013 14:10
Vodafone has bowed out of negotiations to provide a mobile service to fixed-line operator BT Group, Reuters reported Monday. Vodafone has provided BT with mobile services for the past nine years but was in the running for a new agreement. Talks over the contract were dropped after Vodafone acquire
Read moreBramall sells over 20m shares in Lookers
16th May 2013 15:39
Anthony Bramall, the long-time investor of motor trade investor and non-Executive Director of Lookers, has significantly reduced his stake in the car dealer for 'domestic reasons'. Bramall traded in 20.85m shares at an average price of 99.832p each, banking his family £20.8m. "The company has be
Read moreSector movers: BT drags telecoms lower after recent surge
13th May 2013 15:24
Shares in BT Group were pulling back on Monday after a strong surge the previous session, pressuring the fixed line telecoms sector to the bottom of the pile. Annual results from BT were met with a 12% share-price rise on Friday after the company beat analysts' estimates with a 21% jump in adjusted
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