MARKET TALK: BA's Positive Pension News Bodes Well For BT -RBS
25th Jun 2010 07:30
0630 GMT [Dow Jones] The positive response by the pension regulator to British Airways (BAY.LN) earlier this week "could bode well for the ongoing review of BT's (BT.A.LN) agreement", Royal Bank of Scotland says. "There seem to be few certainties in actuarial science and we know BT's pension funding
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
25th Jun 2010 07:30
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] 0630 GMT [Dow Jones] The positive response by the pension regulator to British Airways (BAY.LN) earlier this week "could bode
Read morePRESS RELEASE: BT Conferencing Adds Kontiki Video Platform to Expand Its Unified Communications Services Portfolio
23rd Jun 2010 13:02
NORTH QUINCY, Mass. & SUNNYVALE, Calif.--(BUSINESS WIRE)--June 23, 2010-- BT Conferencing, a leading global provider of audio, video and web collaboration services, has announced an extension of its Unified Communications (UC) portfolio through the introduction of Kontiki's enterprise video solu
Read moreHeron Bids For Tower 42 Building - Newspaper
20th Jun 2010 14:05
LONDON (Dow Jones)--Heron International Ltd., a private property company owned by magnate Gerald Ronson, is an early frontrunner to buy Tower 42, the tallest office building in the City of London, the Sunday Times reports without citing sources. The 600 foot skyscraper was put up for sale by He
Read moreADR Report: Shares End Mixed As Europe, Asia See Weakness
18th Jun 2010 22:15
By Adam Cancryn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended mixed Friday, with gains in the Latin American and emerging markets indexes offset by losses in the European and Asian indexes. The Bank of New York index of ADRs lost 0.2% to 1
Read moreLondon close: Winning streak comes to an end
18th Jun 2010 16:44
Hopes of Footsie making it eight days of rises in a row were dashed at the death. Leaders outnumbered laggards among FTSE 100 stocks but with BP giving up the gains of the morning after a downgrade from debt ratings agency Moody's the blue-chip index ended marginally easier on the day. BP, for once
Read moreFTSE 100 movers: Miners move higher
18th Jun 2010 15:19
Footsie has edged higher with mining companies leading the push higher. Miners Fresnillo, Lonmin and Randgold Resources are all higher. BT is lower due to worries about a potential strike. The Communication Workers Union wants BT to increase its 2% pay offer. UBS has cut its ratings for outso
Read moreLondon afternoon: Tesco hit by director pay rumblings
18th Jun 2010 14:29
Hopes of Footsie making it eight days of gains in a row were revived over the lunch-time session as the blue-chip index moved back into positive territory. Mining stocks are having a major say in Footsie's direction, with precious metals miners Fresnillo and Randgold to the fore. BP is higher desp
Read moreLondon midday: Footsie gives back early gains
18th Jun 2010 12:04
Footsie has now dipped into the red as the early rally by the miners faded away, though BP continues to recover. News that the net cash requirement for the public sector came in at £11.96bn, against expectations of £20.25bn has had little benefit. The accruals-based measure of public sector net bor
Read moreBT faces walkout as strike ballot begins
18th Jun 2010 11:44
The row over pay at telecoms giant BT intensified today as the union balloted staff over strike action. Leaders of the Communication Workers Union (CWU) want a 5% increase in wages for its 55,000 members at BT, but the company wants to spread the cost. It has offered 2% more this year and another
Read moreBT Group Extends Olive Branch To UK Union
18th Jun 2010 11:25
LONDON (Dow Jones)--BT Group PLC (BT.A.LN) Friday extended an olive branch to its biggest union by calling on the Communication Workers Union, which represents around half of its 128,000 staff, to resume talks after a union official said it may compromise on a pay deal. The U.K. telecommunicatio
Read moreLondon open: More gains for Footsie
18th Jun 2010 08:50
London's blue chips have risen for the past seven days and started higher again this morning. BP is higher despite the eight-hour verbal assault for chief executive Tony Hayward from US politicians yesterday. Hayward was up in front of a US Congressional Committee to explain how the Gulf of Mexico
Read moreMARKET TALK: S&P Equity Downgrades BT To Sell From Hold
17th Jun 2010 17:27
1627 GMT [Dow Jones] S&P Equity Research downgrades BT Group (BT.A.LN) to sell from hold following recent share price strength. Also says if News Corp (NWS), rated buy, is successful in taking full control of British Sky Broadcasting Group (BSY.LN), rated hold, this could pose a threat to BT's fledg
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 17:27
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] 1627 GMT [Dow Jones] S&P Equity Research downgrades BT Group (BT.A.LN) to sell from hold following recent share price strengt
Read moreUPDATE: UK's CWU To Send Out Ballot Papers To BT Staff Friday
17th Jun 2010 15:43
(Adds BT comments.) LONDON (Dow Jones)--The U.K.'s Communication Workers Union said Thursday that ballot papers will be sent to the 55,000 BT Group PLC's (BT.A.LN) workers it represents on Friday as expected, asking them to vote in favor of industrial action over a pay dispute. If staff vot
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