UPDATE: BT Ballot On Strike Action Canceled - Union
5th Jul 2010 17:55
(Adds BT comment and background.) By Marietta Cauchi and Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. Communications Workers Union said Monday that it had canceled its ballot for strike action at BT Group PLC (BT.A.LN) on legal advice and that it would take up the
Read moreBT Ballot On Strike Action Canceled - Union
5th Jul 2010 17:49
By Marietta Cauchi and Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. Communications Workers Union said Monday that it had canceled its ballot for strike action at BT Group PLC (BT.A.LN) on legal advice and that it would take up the offer by the telecommunications compa
Read moreBT strike result due soon
5th Jul 2010 08:17
BT will find out later today whether it faces strike action when the result of a ballot of 50,000 CWU union members is published later. A pay row has been escalating for months, with the telecoms giant's last offer rejected by the Communication Workers Union (CWU), the biggest union representing BT
Read moreFTSE 100 movers: Oil firms in demand
2nd Jul 2010 17:09
The potential bid for Dana Petroleum appears to have encouraged buying in its larger oil and gas peers. Tullow Oil and Cairn Energy lead the Footsie risers. BP, though, is going the other way as it considers what it can sell to help pay for the Gulf of Mexico spill. The Australian government's d
Read morePRESS RELEASE: Fitch: UK Triple-Play Competition Intensifies on BT Move
2nd Jul 2010 09:27
The following is a press release from Fitch Ratings: Fitch Ratings-London-02 July 2010: Fitch Ratings says that BT Group's price announcement regarding its TV sports packages highlights the intensifying competition of the UK triple-play services market (telephony, broadband and TV), especially
Read moreFriday tips round-up: BT, Forth Ports, Wellstream
2nd Jul 2010 06:50
BT, the former state-owned telecoms monopoly, which has previously shown little aggression, attempted to nutmeg BSkyB by dramatically undercutting the price its rival charges consumers to watch Sky Sports. BT, which is trading on a price to earnings ratio of 7.6 and has a dividend yield of 5.7%, is
Read moreFriday newspaper round-up: BP, Global economy, Dana
2nd Jul 2010 06:45
Fears of an economic relapse across the world have begun to stalk markets again after pending homes sales in the US crashed by a third and a slew of weak data from China and Japan sent bourses tumbling across Asia, the Telegraph reports. The credit system is once again flashing warnings of extreme
Read moreLondon close: Late slump near close
1st Jul 2010 16:34
Leading UK shares lurched downwards near the close as US markets opened poorly as concern grows over the health of Asia and the prospect of a double-dip recession. BP and satellite group Inmarsat were the only blue chips to make progress. BP shares have been on a roll ever since JPMorgan Cazenove i
Read moreLondon afternoon: BP rises again
1st Jul 2010 14:37
Leading shares moved sideways over the lunch time session, with the Footsie staying in the red despite a surge by beleaguered oil giant BP. BP is close to emulating the 5% rise it achieved yesterday. The shares have been on a roll ever since JPMorgan Cazenove indulged in what it called "fantasy M&A
Read moreLondon midday:Stocks pare losses
1st Jul 2010 12:11
Leading shares finished the morning session well above their low levels though the Footsie remained in arrears on lingering fears about a slowdown in economic growth in China and concerns over Spain's sovereign debt after ratings agency Moody's said it was considering lowering its rating by a notch
Read more2nd UPDATE: BT Outlines Competitive TV Football Prices
1st Jul 2010 10:31
(Adds BSkyB comments and other details) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Disgruntled football fans in England finally have something to smile about after telecommunications firm BT Group PLC (BT.A.LN) Thursday outlined competitive subscription rates to watc
Read moreLondon open: Stocks deep in the red
1st Jul 2010 08:58
London's top stocks have started with hefty losses as sentiment was hit by a weak manufacturing report in China and warning by Moody's Investors Service that it may cut Spain's credit rating. Asian stocks were hit after China's purchasing managers' index fell to 52.1 in June from 53.9 a month earli
Read moreUPDATE: BT Outlines Competitive TV Football Prices
1st Jul 2010 08:15
(Adds analyst comments, details) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Disgruntled football fans in England finally have something to smile about after telecommunications firm BT Group PLC (BT.A.LN) Thursday outlined competitive subscription rates to watch Premi
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
1st Jul 2010 07:53
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] 0653 GMT [Dow Jones] BT Group's (BT.A.LN) prices for Sky Sports 1 and 2 channels look "pretty compelling", Liberum Capital an
Read moreMARKET TALK: BT's Sky Sports Prices Look 'Pretty Compelling'
1st Jul 2010 07:53
0653 GMT [Dow Jones] BT Group's (BT.A.LN) prices for Sky Sports 1 and 2 channels look "pretty compelling", Liberum Capital analyst Mark James says. BT Vision customers will be able to receive Sky Sports 1 and Sky Sports 2 channels, which are owned by British Sky Broadcasting Group (BSY.LN) and show
Read more