|Bid||0.00 x 11700|
|Ask||0.00 x 349100|
|Day's range||244.22 - 247.65|
|52-week range||242.70 - 400.70|
|PE ratio (TTM)||8.29|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Oct.20 -- Mike Rake, chairman at BT Group, discusses regaining investor confidence, his interests in the telecom industry and competition in the sector. He speaks on "Bloomberg Daybreak: Europe."
BT Group (Other OTC: BTGOF - news) 's quarterly earnings were dragged down by continuing problems at its Global Services division and higher costs for pensions and sports rights, sending shares in the troubled telecoms company to four-year lows. Chief Executive Gavin Patterson said BT's consumer operations -- home broadband and mobile network EE -- performed well over the three months but that was not enough to offset pressures in its operations serving business and governments. Shares in the company, down 30 percent in the past 12 months, fell 3 percent to 252.5 pence by 1515 GMT as analysts noted that the company had signalled that investment in the business would be prioritised over the dividend payout.
BT Group's quarterly earnings were dragged down by continuing problems at its Global Services unit and higher costs for pensions and sports rights, sending shares in the troubled telecoms company to four-year lows. Chief Executive Gavin Patterson said BT's consumer operations -- home broadband and mobile network EE -- performed well over the three months but that was not enough to offset pressures in its operations serving business and governments. Patterson, in the job since 2013, said BT was taking "robust action" to turn around Global Services, which has seen a slowdown in demand from multinationals and was hit by an accounting scandal in Italy in its last financial year.
1. The completion of a $3 billion deal to buy fields from Royal Dutch Shell has established Chrysaor as the biggest independent exploration and production company in the UK North Sea, the Times reports. Linda Cook, chairwoman of Chrysaor, said: “With improving operating costs, competitive fiscal terms and a world-class skills base, the North Sea is undergoing a period of rejuvenation. 2. The Bank of England has warned that 10,000 jobs could leave the City on “day one” after the UK leaves the EU, the Guardian reports. Sam Woods, a deputy governor of the Bank, also admitted that forecasts of 75,000 job losses over the long-term were “plausible” at an appearance before peers on the Lords EU financial affairs sub-committee on Wednesday.
Thousands of BT employees will be told later this month of proposed cuts to their pension benefits as the telecoms giant wrestles with a near-£14bn deficit in its retirement schemes. Sky News understands that BT Group (Other OTC: BTGOF - news) will say on Thursday alongside its half-year results announcement to the City that it is close to setting out a concrete plan to slash the soaring cost of its pension obligations. Sources said the company was leaning towards closing the BT Pension Scheme to future accruals and moving the remaining years of members' pensions to its defined contribution scheme.
Jan du Plessis is moving from one tough job to another, as the departing chairman of Rio Tinto Group takes up the same post at troubled telecom carrier BT Group Plc on Wednesday.
Big dividends at BT Group plc (LON:BT.A) might be deceptive, and there could be better alternatives out there.
BT Group plc (LON: BT.A) shares currently have a dividend yield of 5.6%. Edward Sheldon explains why he won't be buying them.
Early season viewing for Premier League soccer is up, offering a potential boost to prospects for a coming auction of some of the world’s most lucrative sports rights.
NICE (Nasdaq:NICE) today announced that BT Group, a leading United Kingdom-based multinational communications company, has selected NICE’s solutions to transform its contact center operations. Replacing its previous recording and workforce management solutions, BT is implementing NICE WFM, NICE Engage, and Nexidia Analytics across the Group over the next three years. BT Group PLC, with operations in around 180 countries, supplies telecom services to corporate and government customers worldwide.
BT Group Plc (Other OTC: BTGOF - news) 's EE is planning to threaten the telecoms regulator Ofcom with a High Court challenge on Monday, over its planned auction of mobile spectrum. Ofcom in July capped the maximum spectrum a company could win as it set new rules for the auction of mobile spectrum to safeguard competition. The new auction, which is expected to take place later this year, will limit the amount of spectrum companies such as BT and EE Ltd (IPO-EEL.L) could win to 85 MHz in the 3.4 GHz band, restricting the companies' overall share of mobile spectrum.
The tech-heavy Nasdaq's streak of all-time high closes ended Thursday with Apple, Google-parent Alphabet and Netflix shares all slumping at least 1.5 percent.
British telecoms and television broadcasting firm BT Group's pre-tax profits tumbled to £418 million ($550 million, 470 million euros) in the three months to the end of June