Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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"Telegraph first reported at 2:24pm"
Thanks, but how did you find the story?
From CWU twitter BREAKING ??40,000 CWU members across BT Group will strike for the first time since 1987 on 29th July and 1st August
£1.3bn profit, £750m to shareholders, CEO £3.5m (32% increase) and customers bills up 9.3%
They’re using Swiss banks whilst our members use foodbanks. Not anymore
Telegraph first reported at 2:24pm
Virgin Media O2 considers TalkTalk takeover
Virgin Media O2 has explored a deal for broadband rival TalkTalk that would strengthen its challenge to the dominance of BT.
"Strike announced for 29th July and 1st August"
Over a weekend, to cause maximum disruption. The On call guys will be busy over the weekend.
The Sky News and Telegraph stories were both released around the same time, even though the Telegraph is Time stamped as "3:39pm", which is probably when it was updated. The Sky News article is Time Stamped as 14:31, but BT's share price started falling around 14:10.
Anyone know why the discrepency in the times, was this released on Twitter first, or something like that. For some reason I can't find these stories in Google searches, even now; I tried searching on TalkTALK, and Virgin Media, Marky how did you find the story?
Strike announced for 29th July and 1st August
No panick it will go back up , opportunity to top up which looks like what is happening
"3 Months of gains wiped out in 5 mins !!!!! when will we get a break !!!"
Judging by the speed the price dropped, one could be forgiven for thinking it was planned, which I suspect anyway. There's a history of VMO2 stories coming out and knocking BT's share price. I'm just going to hold and top up where I see value.
Added at 175.5p
gla dyor etc
3 Months of gains wiped out in 5 mins !!!!! when will we get a break !!!
"Has to be one of the most frustrating shares in the 100"
Should have expected it, I suppose. Funny the story comes out the same day the CAT issue their judgement over Equinox. Might be worth keeping an eye out for any large Off Book buys over the next week.
Any time we get close to 200p something knocks us back down
Has to be one of the most frustrating shares in the 100
£3 Billion??? Lol Wow, VMO2 have started life with £18 Billion in debt, advising they plan to spend a further £10 Billion on Fibre rollout, where would they find £3 Billion to fund a takeover of TalkTalk. Even if they could afford it, would it get past the Regulators? I'll believe it when I see it.
I said a few posts ago was long term holder - so I sold 2/3 this morning and topped up on the big fallers from yesterday Admiral and DLG.
Sold my remaining 1/3 just now and moved to BP...GLA
An opening bid of 3bn - jesus how much debt will Virgin have in total after this? - I think I will wait for the dust to settle and add to my BT holding
gla dyor etc
Thanks Marky.
Anyone else wondering why the Telegraph haven't put this behind the pay wall?
Drop due to worry of competition driving prices down something BT will struggle to match given what's happening union wise atm imo.
Doesn't make a lot of sense to me, why would VMO2 want TalkTalk? It would cost them a couple of Billion, and they would become a customer of Openreach. Even if it happened, it would take them years to migrate customers onto the cable network, with many possibly deciding to move to a different provider.
Is this another of those lets throw out a story, and hit BT's share price?
Marky, I can't find any articles on this, can you provide a link?
A takeover would bring together Britain's third and fourth biggest broadband providers, catapulting Virgin Media O2 above Sky to become the UK's second biggest internet business. It would also bolster the Liberty Global-owned company's ambitions to take on BT.
"Liberty Global-owned Virgin Media O2 is understood to have held talks with the cut-price internet provider, as the industry braces for a wave of consolidation."
That must be it.