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BT Group plc (BT-A.L)

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  • BT to speed up fibre internet roll-out after tax deduction
    PA Media: Money

    BT to speed up fibre internet roll-out after tax deduction

    The telecoms firm will make the high-speed broadband available to 25 million homes by 2026.

  • Week ahead: UK GDP readings, US retail sales and CPIs
    Yahoo Finance UK

    Week ahead: UK GDP readings, US retail sales and CPIs

    Many readings are set to be 'less bad' than hoped, according to analysts.

  • BT pensions black hole set to shrink by £2.2bn
    The Telegraph

    BT pensions black hole set to shrink by £2.2bn

    Richard Curtis was waxing lyrical. When the UK's biggest corporate pension scheme unveiled a carbon-busting plan last October, the screenwriter behind Love Actually and Notting Hill was gushing with praise. The BT Pension Scheme controlling £57bn worth of assets was pledging to reach net-zero carbon emissions within 15 years as it focused on green investments. Curtis – the co-founder of ethical pension investment group Make My Money Matter – described the move as “extraordinary”. “The savings of 300,000 people … are now committed to net zero by 2035,” he added. “This is 15 years earlier than some of the most ambitious pension plans we’ve seen so far.” The pension scheme’s powerful influence is not lost on BT boss Philip Jansen. With about £2.5bn paid out to about 200,000 retired workers each year, huge financial commitments are needed from BT to keep the fund in check. Such payments do not sit comfortably when the telecoms operator is struggling for growth and facing pressure from ministers to upgrade the nation’s broadband network. Yet BT is in line for some relief. Come Thursday pressure from the fund is expected to ease when the outcome of the new triennial review is announced alongside full-year results. BT’s pension deficit is forecast to come in at £7.5bn, around £2.2bn lower than the market previously anticipated. It is welcome news for Jansen, who is preparing to accelerate BT’s investment beyond a target of 20m homes and businesses by the mid-to-late 2020s.