Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2491
    -0.0020 (-0.16%)
     

  • Bitcoin GBP

    51,051.51
    -717.91 (-1.39%)
     

  • CMC Crypto 200

    1,328.01
    -68.53 (-4.91%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

BUZZ-BT Group falls on Morgan Stanley downgrade

Reuters - UK Focus

** BT Group (LSE: BT-A.L - news) falls 2.7 pct as Morgan Stanley (Xetra: 885836 - news) downgrades to "underweight" from "equalweight", top faller on FTSE 100.

** MS cites intensifying competition in broadband market and deepening pension liabilities as reason for downgrade.

** Also suggests BT may bid aggressively for better Premier League coverage, suggesting it may pay c.£1bn/pa rather than current figure of £246m - a 25 pct downgrade to 2017E free cashflow say MS.

** MS becomes fourth bank to rate a "sell", six "hold", fifteen "buy".

** BT dividend yield of 3.7 pct compares poorly to Vodafone on 5.9 pct (although uncovered for next two years).

ADVERTISEMENT

Chart: http://link.reuters.com/seh33w

** Wealth manager Brewin Dolphin (LSE: BRW.L - news) says Vodafone could be a potential bargain if it covers its dividend.

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)