MARKET TALK: Jefferies Initiates UK Telecom Stocks
16th Jul 2010 07:13
0613 GMT [Dow Jones] Jefferies initiates coverage of BT (BT.A.LN) at buy with a 190p price target; Cable & Wireless Communications (CWC.LN) and Cable & Wireless Worldwide (CW.LN) at hold, with 67p and 98p price targets, respectively; TalkTalk Telecom (TALK.LN) at underperform with 113p price target,
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 13:42
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] 1242 GMT [Dow Jones] Standard Life Investments upgrades UK telecoms to heavy from neutral. Says telecom companies have demons
Read moreMARKET TALK: Standard Life Investments Ups Telecoms To Heavy
14th Jul 2010 13:42
1242 GMT [Dow Jones] Standard Life Investments upgrades UK telecoms to heavy from neutral. Says telecom companies have demonstrated resilience in the face of the economic slowdown and as growth resumes, thinks mobile spending in particular has the potential to recover stronger than expected - good n
Read moreMARKET TALK: BT Pension Deficit Payments Quantified -Liberum
14th Jul 2010 09:14
0814 GMT [Dow Jones] Financial Times's news report on BT Group (BT.A.LN) pensions "may reignite pension concerns," says Liberum Capital analyst Mark James, however "pension deficit payments are readily quantified and we are a long way away from the crown guarantee being needed." Employee pension pla
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 09:14
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] 0814 GMT [Dow Jones] Financial Times's news report on BT Group (BT.A.LN) pensions "may reignite pension concerns," says Liber
Read moreBT Pension Liability May Reach GBP22.8 Bn - FT
14th Jul 2010 07:31
LONDON (Dow Jones)--U.K. taxpayers face a pension liability of between GBP7.3 billion and GBP22.8 billion if BT Group PLC (BT) was to become insolvent and its pension schemes terminated, according to written papers submitted to the U.K.'s High Court, the Financial Times reports Wednesday. The hu
Read moreWednesday newspaper round-up: BP, BT, GlaxoSmithKline
14th Jul 2010 06:39
Democratic senators in the US are calling for an investigation into BP's business interests in Libya, accusing the British oil company of being part of a deal to free a convicted terrorist in return for oil licences. BP has faced a slew of Congressional investigations following its catastrophic oil
Read morePRESS RELEASE: Fitch: Only Upside for BT from High Court Case on Pension Crown Guarantee
12th Jul 2010 09:30
The following is a press release from Fitch Ratings: Fitch Ratings-London-12 July 2010: Fitch Ratings says today that it see no downside to the debt holders of BT Group Plc (BT, rated 'BBB'/'F2'/Stable) from the High court case starting this week. The court hearing will determine the scope of t
Read moreADR Report: Shares Rise As Broader Market Gains Confidence
9th Jul 2010 22:03
By Adam Cancryn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed higher Friday as the broader market posted gains and the Dow Jones Industrial Average finished higher to cap its best week in nearly a year. The Bank of New York index of ADRs
Read moreLondon close: Footsie rises again after strong week
9th Jul 2010 17:07
Footsie finished a very good week on the up again, helped by gains for the miners, life groups and Smith & Nephew. Antofagasta was the stand-out stock in the mining sector after Goldman Sachs issued a "buy" recommendation. Goldman Sach also advocates buying Anglo American ahead of an expected adv
Read moreFTSE 100 movers: Investors pleased by BT deal
9th Jul 2010 15:31
Footsie is moving higher helped by good news from BT Group. BT Group is higher after it agreed a new pay deal with the Communications Workers Union. This removes the threat of a strike. CWU members will receive a 3% annual pay increase backdated to January 2010 and lasting until March 2013. Citig
Read moreTechMARK movers: BT pay deal boosts shares
9th Jul 2010 15:14
BT Group is higher after it agreed a new pay deal with the Communications Workers Union. This removes the threat of a strike. CWU members will receive a 3% annual pay increase backdated to January 2010 and lasting until March 2013. Prospect, the second biggest union in BT, has previously a greed a
Read moreSector movers: Telecoms up on BT pay deal
9th Jul 2010 13:54
Fixed Line Telecommunications are up after BT agreed a 9.3%, three-year pay deal with its engineers, call centre and other workers ending the prospect of a series of potentially crippling strikes. The deal, backdated to the start of 2010, runs for 39 months and covers the London Olympics and BT's
Read moreBT pays up to end strike threat
9th Jul 2010 12:43
BT has agreed a 9.3%, three-year pay deal with its engineers, call centre and other workers ending the prospect of a series of potentially crippling strikes. The deal, backdated to the start of 2010, runs for 39 months and covers the London Olympics and BT's proposed roll-out of a new broadband net
Read moreMARKET TALK: BT's Pay deal Will Cost GBP50M Extra Annually
9th Jul 2010 10:39
0939 GMT [Dow Jones] BT Group's (BT.A.LN) new pay deal will cost around GBP50 million extra a year by 2013 and "could mean a slower and more expensive fibre build," Sanford Bernstein says. "The near-term implications are mixed. BT will be able to launch its Sky Sports offering but with competition i
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