|Bid||139.95 x 0|
|Ask||155.00 x 0|
|Day's range||140.08 - 150.10|
|52-week range||22.98 - 196.60|
|Beta (5Y monthly)||0.71|
|PE ratio (TTM)||7.56|
|Forward dividend & yield||0.08 (5.18%)|
|Ex-dividend date||03 Aug 2023|
|1y target est||N/A|
The energy may be renewable. That does not always seem to apply to investor enthusiasm. Green energy stocks have swung from high to low like the tip of a wind turbine blade. Even so, they play a growing role in the portfolios of private investors.
The Israeli tycoon has increased his shareholding in BT to 24.5 per cent. Has the wheeler dealer mellowed into a middle-aged rentier, content to collect the UK telecoms group’s 5 per cent annual dividend yield? Altice argues that BT offers long-term value.
BT will cut 55,000 jobs by the end of the decade, including replacing around 10,000 workers with artificial intelligence (AI), as it races to reduce costs.
Telecoms group aims to become ‘leaner’ as it cuts more than 40% of its 130,000 global workforce
LONDON (Reuters) -BT Group, Britain's biggest broadband and mobile provider, will cut up to 55,000 jobs including contractors by 2030 - potentially over 40% of its workforce - as it completes its fibre roll-out and adapts to new technologies such as AI. The company has been working through a transformation plan to build a national fibre network under boss Philip Jansen, as well as rolling out high-speed 5G mobile services. The former state monopoly reported on Thursday pro forma revenue and core earnings growth for the first time in six years in the year to the end of March, but the cost of transforming the business, and the hit to its free cash flow took a toll, sending its shares down 7% in morning trade.
European stock markets traded higher Thursday, with investors optimistic of a deal to lift the U.S. debt ceiling while awaiting comments from ECB chief Christine Lagarde. Investors have been buoyed by the apparent determination of President Joe Biden and top U.S. congressional Republican Kevin McCarthy to reach an agreement soon, with Biden cutting short an Asia trip to return to talks on Sunday.
Unresponsive property owners and “red tape nonsense” are holding up Britain’s rollout of ultra-fast broadband, the head of BT's Openreach division has warned.
Ofcom has told BT to delay wholesale price cuts after the telecoms giant’s boss said the race to roll out full-fibre broadband would “end in tears” for rivals.
BT rival Cityfibre is to cut up to 400 jobs amid rising costs and growing competition between the UK’s high-speed broadband providers.
BT broadband customers are paying the highest exit fees to escape double-digit price rises due to kick in from April.
A turbulent year for global markets comes to a close.
The country's biggest broadband and mobile operator is under pressure to cut costs so that it can maintain the pace of building its fibre network at a time of rising labour and energy costs. BT is aiming to take fibre broadband to 25 million premises by 2026 in a race with rival Virgin Media O2 and smaller alternative networks. The company said the new unit BT Business would be formed by putting together its Global and Enterprise divisions and would be led by Bas Burger, the current CEO of BT's Global unit.
Britain's BT on Wednesday unveiled a new wholesale fibre offer designed to encourage broadband providers like Sky, TalkTalk and Vodafone to move customers from slow copper connections to ultrafast end-to-end fibre. BT, which is building Britain's biggest fibre-to-the-premises network, offered internet service providers (ISPs) discounts last year in return for connecting a majority of new lines to its fibre. Equinox 2 broadens the scope of Equinox, which BT said had been taken up by about 49 ISPs.
BT has deployed a fleet of drones to catch criminals stealing broadband cables after a surge in copper prices following Russia’s invasion of Ukraine led to a spike in offences.
Telecom giant moves to increase collateral to limit risk amid mini-budget fallout
BT’s plans to lower its wholesale prices could put at risk plans for £20bn of investment in fibre broadband across Britain, ministers have been warned.
Charges for most households are due to go up by 3.9% on top of inflation next year.
The British Telecom pension scheme, one of Britain's largest, lost around 11 billion pounds ($12.44 billion) in assets in recent weeks, it said in its annual report on Tuesday, as bond yields soared following the UK government's botched 'mini-budget'. "Following the year-end, there was a significant fall in the value of the scheme's assets, during a period of significant market volatility in the second half of September," BT said in its report for the year ending June 30. "Prior to the Bank of England's gilt market intervention, there was an estimated 11 billion pound fall in the value of the scheme's assets."
BT bosses will be forced to answer emergency calls on Thursday as 999 call handlers join a walk out over pay.
The Communication Workers Union said on Friday it had served notice on BT Group and Openreach that its members would take further strike action on Aug. 30 and 31 in a dispute over pay. More than 40,000 of BT's staff walked out on July 29 and Aug. 1 in a dispute over pay, the first strike action in 35 years at the telecoms group.
The FRC fine stems from a £513m fraud claim discovered in BT's Italian operations in 2016.
Firm that played key role in lockdown is grappling with pay row, strategic uncertainty and the cost of living crisis
BT is to hit millions of households with an above-inflation increase in their broadband bills next spring despite an urgent review by regulators into whether telecom companies are mistreating their customers.