Ofcom tells BT to open its fibre network
23rd Mar 2010 07:41
BT will have to share its telegraph poles and underground cable ducts with its rivals under new proposals put forward by regulator Ofcom to boost the introduction of a super-fast broadband network. Competitors will be able to use to BT's network of poles and ducts to lay their own fibre-optic cable
Read moreLondon midday: London lethargy lingers
15th Mar 2010 12:10
With the glut of end-2009 results announcements out of the way London looks in the mood to put its feet up and take a rest. In terms of hard news relating to FTSE 100 companies that is restricted to distribution group Bunzl and mining stock Rio Tinto. Distribution and outsourcing group Bunzl has
Read moreLondon open: Footsie drifts lower
15th Mar 2010 08:48
It's a quiet start for Footsie with little company news and buyers again largely sitting on the sidelines. British Telecom and Cable & Wireless are pushing on helping to offset a dull morning for the miners. Xstrata, Vedanta and Kazakhmys are the worst affected. BSkyB is down after Friday's excite
Read moreMonday newspaper round-up: Royal Bank of Scotland, China, Prudential
8th Mar 2010 06:39
Santander has moved into pole position to take over the 320 branches in England being sold by Royal Bank of Scotland. A large corporate buyer with existing UK interests such as the Spanish bank would frustrate attempts to inject fresh competition into British banking. The sale memorandum went out l
Read moreMonday newspaper round-up: Prudential to buy AIG Asia with record rights call
1st Mar 2010 06:36
Prudential has won the support of both AIG's board and the US government to buy the giant US insurer's crown jewel Asian assets for $35.5bn (£23.5bn), the Telegraph reports. The Times adds that the Prudential is poised to make the biggest cash-call in British corporate history to help to finance th
Read moreLSE launches retail bond market
1st Feb 2010 17:18
Some 33 years after the Jim Callaghan-led Labour government became an unlikely midwife to the concept of a 'share owning democracy' with its privatisation of a chunk of the government's stake in BP, the London Stock Exchange (LSE) is hoping to convert a proportion of the British public to the appeal
Read moreFTSE 100 movers: BSkyB dips on BT report
18th Jan 2010 13:18
BT is mulling the launch of a price war with BSkyB by slashing the cost of televised sport in the UK. The telecoms giant is considering undercutting the subscription for Sky's sports channels by £10 a month, according to reports this morning, and will charge £15 a month for Sky Sports 1, compared
Read moreMonday newspaper round-up: Royal Bank of Scotland, Cadbury, Ryanair
18th Jan 2010 06:36
Top institutional shareholders claim they have not been consulted about the bonus payments at the Royal Bank of Scotland. The shareholders - who say that ministers and regulators have been privy to talks while they have been "left in the cold" - may demand to scrutinise the plans ahead of a meeting
Read moreFriday paper round-up: RBS, Barclays, BT
15th Jan 2010 06:34
Three British banks may have to pay more than $10bn (£6bn) to the US Government as part of its crackdown on financial institutions bailed out by taxpayers. Royal Bank of Scotland, which is 84% owned by the Government, may be on the hook for almost $1bn to the US over the next decade under a stringe
Read moreFTSE 100 movers: Commodities weigh on Footsie
13th Jan 2010 14:56
Lower precious metals prices have hit shares in gold miner Randgold, silver group Fresnillo and platinum specialist Lonmin, while the weak oil price has Shell in the bottom 10. Telecoms group BT climbs after being upgraded by RBS to buy from hold with its target price upped to 200p from 107p. Else
Read moreBT appoints new Global Services chief
8th Jan 2010 07:41
British Telecom has appointed a new chief executive for its troubled Global Services arm, the third person to head the division in under two years. Jeff Kelly, a US citizen, will replace Hanif Lalani who is leaving BT after 26 years, but just a year in charge of Global Services, to pursue 'personal
Read moreTechMARK movers: BT Vision ad ban
23rd Dec 2009 14:56
A slump in BT shares appears to be down to its BT Vision offshoot. An advert for its broadband TV service has been banned because it appeared to claim that it showed certain movies before its rival Sky. The Advertising Standards Authority received two complaints from members of the public and one
Read moreADR REPORT: Shares Mostly Higher; Solar, Tech Lead Gainers
21st Dec 2009 22:47
By Aja Carmichael and David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed generally higher Monday as solar and technology stocks led the market. The Bank of New York index rose 0.6% to 133.89. Thomson (TMS) shares rose 21% to
Read moreBroker tips: BT, Diageo, Segro
10th Dec 2009 11:52
Morgan Stanley has maintained its 'overweight' stance on BT and increased its price target to 190p from 175p previously. The broker says its rating is based on a clear path to £1.7bn Free Cash Flow To Equity (FCFE) before net pension top-ups by the 2012 full-year. "This is necessarily a "show me"
Read moreBroker snap: BT target up on cash flow growth
10th Dec 2009 09:42
Morgan Stanley has maintained its 'overweight' stance on BT and increased its price target to 190p from 175p previously. The broker says its rating is based on a clear path to £1.7bn Free Cash Flow To Equity (FCFE) before net pension top-ups by the 2012 full-year. "This is necessarily a "show me"
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