CWU To Press Ahead With BT Industrial Action Ballot
10th Jun 2010 13:20
LONDON (Dow Jones)--The U.K.'s Communication Workers Union, which represents around half of BT Group PLC's (BT) 128,000 staff, said Thursday it is pushing ahead with a nationwide industrial action ballot after five hours of talks with the U.K. telecom firm broke down Wednesday. The CWU has made
Read moreBT Group: Talks With Union On Pay Raises Collapse
9th Jun 2010 20:26
DOW JONES NEWSWIRES BT Group PLC (BT, BT.A.LN) sa/id talks with its biggest union over pay demands have collapsed, removing another hurdle in front of a vote to strike. BT said the Communication Workers Union, which represents more than 50,000 BT workers, made no shift in their rejection of
Read more3rd UPDATE: UK Union To Press Ahead With BT Strike Ballot
8th Jun 2010 18:24
(Adds BT comment) By Michael Carolan and Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s Communication Workers Union, which represents just under half of BT Group PLC's (BT.A.LN) 128,000 workers, vowed Tuesday to press ahead with balloting members on industrial ac
Read more2nd UPDATE: UK Union To Press Ahead With BT Strike Ballot
8th Jun 2010 17:15
(Rewrites, adds union comment) By Michael Carolan and Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s Communication Workers Union, which represents just under half of BT Group PLC's (BT.A.LN) 128,000 workers, vowed Tuesday to press ahead with balloting members on
Read moreMARKET TALK: Telefonica Rtg Likely Affirmed At A- Neg - RBC
8th Jun 2010 16:09
1509 GMT [Dow Jones] Telefonica's (TEF.MC) rating is likely to be affirmed at A- with a Negative Outlook by S&P, says RBC's Roger Appleyard. Comes after S&P put Telefonica's rating on watch negative following an increased offer for Portugal Telecom's (PT) 50% stake in the two companies' Brazilian jo
Read moreUPDATE: UK Government To Review Local Media Ownership Rules
8th Jun 2010 15:12
(Adds details) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s new coalition government plans to reform local cross-media ownership rules and ensure rural areas receive superfast broadband, Secretary of State for Culture, Olympics, Media and Sport Jeremy Hunt
Read moreBT improves pay deal to avoid strike
8th Jun 2010 13:06
BT has increased its pay offer to angry staff in a bid to head off the company's first national strike since 1987. The phones giant says it will pay 55,000 workers signed up to the Communication Workers (CWU) Union 2% more this year and another 3% next year. Union leaders want a 5% wage rise this
Read moreUPDATE: BT Makes Improved Pay Offer In Bid To Avert Strike
8th Jun 2010 09:09
(Adds detail, trade union comment) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. telecommunications giant BT Group (BT) said Tuesday it has made an improved pay offer to its staff as it seeks to avert the first strike by its employees for 23 years. "A two-year o
Read moreBT Group Makes Improved 2-Year Pay Offer In Bid To Avert Strike
8th Jun 2010 08:49
LONDON (Dow Jones)--U.K. telecommunications giant BT Group (BT) said Tuesday it has made an improved pay offer to its staff as it seeks to avert the first strike by its employees for 23 years. "A two-year offer has been made but I cannot confirm the details," a spokesman for the company said. "I
Read moreOFT won't investigate Project Canvas
19th May 2010 16:14
The Office of Fair Trading says that it will not investigate the Project Canvas internet television joint venture. The OFT says that Project Canvas does not come within its jurisdiction because none of the joint venture partners are contributing existing businesses. The BBC is contributing its res
Read moreBroker tips: BT, Renesola, Carluccio's
17th May 2010 12:16
A move into profit at BT Group and a positive investor day has caused Standard & Poor's (S&P) to lift its target price on the telecoms giant, although there's "still some room for improvement". The broker maintained its 'hold' rating, but raised its target to 130p from 110p, "encouraged" by recent
Read moreBroker snap: BT kept on 'hold'
17th May 2010 11:25
A move into profit at BT Group and a positive investor day has caused Standard & Poor's (S&P) to lift its target price on the telecoms giant, although there's "still some room for improvement". The broker maintained its 'hold' rating, but raised its target to 130p from 110p, "encouraged" by recent
Read moreLondon close: Blue chips make healthy gains
13th May 2010 16:33
London's top stocks rallied near the close to finish well up on the day as traders speculated on possible measures to cut the UK's debt burden. A VAT rise to 20% is a likely measure according to a group of economists questioned by the BBC. Justin King, chief executive of supermarket Sainsbury's,
Read moreLondon afternoon: Footsie still in the blue
13th May 2010 15:06
London's top stocks are easing down towards the close after a flat start on Wall Street and some calming down of the excitement over the plans of the new Conservative-Liberal government. The focus now is on just how they new government intends to get the UK's debt levels down, with a VAT rise to 20
Read moreFTSE 100 movers: BT gain outweighs financials dip
13th May 2010 14:38
BT dominates the Footsie today as positive reaction to its figures sent the share price more than 10% higher. The reported pre-tax profit of £1.01bn in the year ended March 2010 compared with a loss of £244m last time. In the final quarter, the pre-tax profit was £251m compared to a loss of £1.31b
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