Ofcom Proposes Treatment Of BT's Pension Costs Be Maintained
23rd Jul 2010 07:16
LONDON (Dow Jones)--The U.K. Office of Communications, or Ofcom, said Friday it hasn't received compelling evidence from stakeholders which would justify a change in approach to the way it takes BT Group PLC's (BT) pension costs into account when setting regulated wholesale charges for certain telec
Read moreOfcom rules out changes to BT pensions funding
23rd Jul 2010 07:15
Telecoms regulator Ofcom has ruled out changes to BT's funding that would have allowed it to raise wholesale prices to help close the huge deficit in its pension fund. The telecoms giant had wanted to put wholesale prices up by 4% to help plug the near £9bn deficit in its pension scheme. Ofcom sai
Read moreBT Shareholders Approve Executive Pay At Meeting
22nd Jul 2010 15:37
LONDON (Dow Jones)--BT Group PLC (BT.A.LN) shareholders Thursday approved executive pay at the U.K. telecommunication group's annual meeting in Liverpool, despite opposition by the Association of British Insurers, based on proxy votes. Around 93.7% voted in favor of the group's remuneration, whi
Read moreLondon close: Flat finish for FTSE 100
20th Jul 2010 16:42
There was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wireless Worldwide warned that the coalition government's emerge
Read moreEARNINGS PREVIEW: European Telcos To Continue Improving In 2Q
20th Jul 2010 15:24
By Ruth Bender Of DOW JONES NEWSWIRES TAKING THE PULSE: European telecom operators' mobile revenue trends are expected to continue to improve in the second quarter as growth in mobile data could offset declining voice revenue, while fixed telephony operations remain under pressure in many c
Read moreLondon afternoon: Cautious note from De La Rue
20th Jul 2010 14:25
Footsie lost more ground over the lunch time session with barely a fifth of the blue-chip index's constituents remaining in the red, and many of those are miners. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wi
Read moreLondon midday: Public sector specialists hit
20th Jul 2010 12:10
Sovereign debt worries are haunting investors again after Hungary cut back its treasury bill offering by 10bn forints to 35bn. European stock markets took a step back on the news while expectations of a weak opening on Wall Street has also sparked some selling. Cable & Wireless Worldwide is the bi
Read moreLondon close: Sluggish Footsie closes lower
19th Jul 2010 16:52
Footsie finished in the red Monday as M&A excitement failed to give the leading share index any real sense of direction. International Power was the best FTSE 100 performer after French energy giant GDF Suez revived talks about a partnership to create a new London-listed electricity group. The deal
Read moreLondon midday: Footsie swings into blue
19th Jul 2010 12:16
London's top stocks have swung into the blue on two possible mega M&A deals, while fears over European sovereign debt have eased a little despite a downgrade for Ireland. International Power is the best FTSE 100 performer after French energy giant GDF Suez revived talks about a partnership to crea
Read moreBT Group In Long Range Radio Pact For Smart Meter Rollout
19th Jul 2010 09:27
LONDON (Dow Jones)--U.K. telecoms firm BT Group PLC (BT) said Monday it is joining forces with Arqiva and Detica to offer a dedicated and secure long range radio communications solution for the Government's proposed smart metering initiative. MAIN FACTS: -Due to cover 28 million homes and sm
Read moreBT hiking call costs by 10%
19th Jul 2010 08:24
BT is raising the cost of phone calls by 10% and the monthly line rental charges by 50p from October. The telecoms giant will this week write to customers telling them about plans to up the cost of connecting a call from 9.9p to 10.9p and lift the daytime rate to 6.4p from 5.9p. BT reckons the ch
Read moreBT To Raise Cost Of Land Line Calls 10% From Autumn -Newspaper
19th Jul 2010 07:54
LONDON (Dow Jones)--BT Group PLC (BT) is to increase the cost of calls from land lines by 10% this autumn, the Daily Telegraph reports Monday. The minimum cost of making a call will now be 17.3 pence due to changes to connection charges and call rates, the telecom giant says, adding the rise in
Read moreMonday newspaper round-up: AIA, International Power, BT
19th Jul 2010 06:43
Mark Tucker, the former chief executive of Prudential, has been parachuted in as the new boss of AIA, the Asian insurer that its British peer tried and failed to buy for $35.5bn. In a surprise coup for AIA, Mr Tucker will be executive chairman and chief executive of the embattled group, which is ow
Read moreBT Eyes Part Of UK's Smart Meter Project -Report
19th Jul 2010 02:47
DOW JONES NEWSWIRES BT Group PLC (BT) is drawing up plans to win the rights to provide a key component for the government's multi-billion pound plan to introduce smart meters, designed to cut carbon emissions and slash energy bills, across the country, The Independent reported Monday. The t
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 07:13
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0613 GMT [Dow Jones] Jefferies initiates coverage of BT (BT.A.LN) at buy with a 190p price target; Cable & Wireless Communica
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