BT in sports talks with Discovery as profit drops
3rd Feb 2022 07:04
(Sharecast News) - BT said it was in talks with Discovery of the US about forming a sport broadcasting joint venture as the company reported a 3% drop in profit for the first nine months of the year.
Read moreThursday preview: BoE, ECB and BT Group in focus
2nd Feb 2022 10:16
(Sharecast News) - All eyes on Thursday will be on central bank policy decisions in the UK and euro area.
Read moreVirgin Media O2 reportedly mulling joint venture, BT shares ease
31st Jan 2022 10:48
(Sharecast News) - Shares in BT Group came under pressure on Monday as it emerged that rival Virgin Media O2 was looking to expand its fibre network through a joint venture.
Read moreJ.P. Morgan upbeat on BT Group following retail price hike
26th Jan 2022 10:22
(Sharecast News) - Analysts at JP Morgan sounded an "optimistic" note on BT Group's recent decision to raise its retail prices by 9%, telling clients that "success" held the potential to support meaningful consensus upgrades.
Read moreFriday newspaper round-up: Baltic Dry Index, BT Group, Unilever
21st Jan 2022 06:43
(Sharecast News) - In times of market dislocation, it rises sharply to reflect the difficulties in transporting goods - and during the pandemic it has done little else but rise, peaking at more than 5,700. [...] That peak in the Baltic Dry Index was hit on October 7. Since then, the index has fallen sharply, halving within a month. Though it jumped in the run-up to Christmas, it has dropped back again since. Yesterday it fell further, its tenth consecutive daily decline, to 1,570. To put that in context, that puts the index back only to February 2021 levels but not completely out of kilter with the average over the past decade. - The Times
Read moreBT close to agreeing $800m sale of BT Sport - report
13th Jan 2022 07:41
(Sharecast News) - BT Group is reportedly close to agreeing the sale of its sports broadcasting arm to streaming firm Dazn in a deal worth an estimated $800m.
Read moreTelecoms billionaire Drahi mulling Sotheby's IPO - report
15th Dec 2021 11:29
(Sharecast News) - Patrick Drahi is mulling a possible initial public offering of Sotheby's, it was reported on Wednesday, just two years after the French telecoms entrepreneur bought the auction house.
Read moreSunday newspaper round-up: Royal Mail, BT Group, JD Sports
12th Dec 2021 16:54
(Sharecast News) - Royal Mail's bosses have admitted that Covid-related disruptions are hampering normal service before Christmas. The company has apologised to customers, blaming the need for self-isolation, high levels of sick absence, resourcing or other local factors brought on by Covid. Last Wednesday a year-high of 32 delivery offices were being impacted and as of last night, 21 offices were still experiencing problems. However, several employees had blamed the delays on revisions to routes, although senior sources had denied that was the case. - Financial Mail on Sunday
Read moreUS media group Discovery said to be swooping in for BT Sport
6th Dec 2021 07:36
(Sharecast News) - US media group Discovery is reportedly in talks over a deal to partner with BT Sport, in a move that would hijack the British television network's £600m sale to sports streaming service DAZN.
Read moreSunday newspaper round-up: Taylor Wimpey, BT Group, Boots
5th Dec 2021 18:40
(Sharecast News) - Elliott Management has been building a stake in Taylor Wimpey, leading to speculation that a bid, possibly from a US-based suitor, might materialise for the construction company. In April, Elliott backed Berkeley DeVeer's takeover of Avant Homes and in November it took out short positions on shares of Bellway and Barratt. The size of the activist investor's stake was unknown. - Financial Mail on Sunday
Read moreIndia's Reliance Industries refutes report it's interested in BT
29th Nov 2021 07:56
(Sharecast News) - India's Reliance Industries has refuted a report it is considering making an offer for London-listed BT Group.
Read moreSunday newspaper round-up: BT Group, GSK, Derivatives Trading
28th Nov 2021 19:42
(Sharecast News) - Potential suitors including private equity outfits CVC and Apax, and infrastructure investors including Brookfield and Macquarie, have conducted fresh analyses to determine the value of BT's Openreach unit, which owns the infrastructure that connects most homes in the UK. The cable division might fetch £40bn. Franco-Israeli telecoms tycoon Patrick Drahi's Altice UK already owns a 12.1% stake in BT and from 11 December will be able to buy more shares. That would allow him to apply greater pressure on BT's board to sell a stake or even all of Openreach. A full takeover nevertheless is considered to be unlikely, due to the group's size, pension fund liabilities and potential political hurdles. - Financial Mail on Sunday
Read moreCiti ups price target on BT Group
22nd Nov 2021 13:15
(Sharecast News) - Citi upped its price target for BT Group on Monday, arguing that the telecoms company had entered into a period of "solid" earnings growth.
Read moreBerenberg upgrades BT to 'buy', shares rally
9th Nov 2021 09:08
(Sharecast News) - Berenberg upgraded BT to 'buy' from 'hold' on Tuesday, lifting the price target to 200p from 175p as it highlighted four positive developments in the investment case.
Read moreJP Morgan raises target price for BT Group, says shares set to resume upwards journey
5th Nov 2021 15:46
(Sharecast News) - Analysts at JP Morgan raised their target price for shares of BT Group from 235.0p to 255.0p, telling clients that the shares were set to resume its "journey towards fresh all-time highs".
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