
The purchase of EE by BT will likely be inked at some point early next year, with the price tag at or around the £12.5bn price given. BT had begun work on building out its own mobile network from scratch, but an acquisition is more sensible. To take note of, even if highly unlikely some observers ha
Long-term investors should consider buying shares in BT, Danny Fortson argued in the Sunday Times. The Inside the City columnist said BT boss Gavin Patterson is likely to ask shareholders for about £2bn to help fund his acquisition of mobile operator EE. Patterson might not stop there because the ne
Retail firms received a boost on Thursday after data showed higher-than-expected UK retail sales. Sales rose 1.7% month-on-month in December, much better than the 0.3% consensus expectation. Drinks group SABMiller and supermarket giant Tesco were both advancing. Financial stocks were also rising in
London shares bounced back on Tuesday in the wake of some long-awaited upbeat economic data in the Eurozone and positive news for UK banks. The FTSE 100 Index climbed 149.11 points to 6331.83 as Markit's purchasing managers' index (PMI) for euro-area manufacturing rose to 50.8 in December from 50.1
Following a cautious start, UK stocks pushed into positive territory as investors went hunting for bargains. Shares had fallen to an 18-month low in the previous session. Markets erased earlier losses after UK inflation data showed the rate of increase in consumer prices hit a 12-year low in Novem
Shore Capital has said that the result of the Bank of England's (BoE) stress tests on UK banks was "a bit of a non-event" with all of the listed lenders passing as expected. "Overall, we do not expect the results of the stress test to have a material impact on the share prices of the large UK quoted
BT's £12.5bn offer for UK mobile network operator EE was "more expensive than expected", according to Deutsche Bank which kept its 'hold' rating on the telecoms giant. "After some serious speed dating, BT is now going steady with EE which is 50/50 owned by Orange and Deutsche Telekom (DT)," said ana
Yet more disappointing economic data from China pushed UK stocks lower for the seventh straight session on Tuesday, with markets extending losses despite plunging to an 18-month low the previous session. Not even the news that the Bank of England (BoE) has given a clean bill of health to seven out o
BT has rejected a simpler takeover of O2 in favour of exclusive talks to buy Britain's biggest mobile operator, EE, for £12.5bn. However, according to The Telegraph, the combined entity will control "an unrivalled chunk of Britain's mobile airwaves" and the merger is likely to raise regulatory conce
Telecoms group BT has entered exclusive talks with Deutsche Telekom (DT) and Orange about buying their mobile operation EE for £12.5bn, the company said on Monday. The period of exclusivity will last several weeks, allowing BT to complete its due diligence and for negotiations on a definitive agreem
Anglo-Australian miner BHP Billiton dipped following a downgrade at RBC Capital Markets to 'underperform' from 'sector-perform'. Other mining companies, including Fresnillo, Randgold Resources and Glencore, were also hit by a forecast of an extended period of low iron ore prices, due to over-supply
UK stocks were holding higher ahead of a week full of potential risk events. Significantly, on Sunday Bloomberg reported that Libya was forced to declare "force majeure" at two of its ports, Es Sider and Ras Lanuf, which have a combined capacity to export 560,000 barrels of oil per day. Somewhat ir