The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBT Share News (BT.A)

Share Price Information for BT (BT.A)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 132.05
Bid: 132.05
Ask: 132.10
Change: -1.10 (-0.83%)
Spread: 0.05 (0.038%)
Open: 133.30
High: 133.30
Low: 130.95
Prev. Close: 133.15
BT.A Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Analysts outline challenges ahead for BT's new chief

Thu, 25th Oct 2018 12:04

(Sharecast News) - Macquarie Capital believes BT's newly announced chief executive could win over wary investors, as the bank laid out the key areas Philip Jansen will need to focus on.The telecoms group announced on Thursday that Jansen, currently chief executive at payments processing giant Worldpay, would take over from current boss Gavin Patterson on 1 January.BT has struggled recently, as it clashed with regulator Ofcom and warned on profits after an accounting scandal at its Italian business. Patterson was pushed aside by the board in June following the profits warning.The blue chip's shares have lost a third of their value in the last five years, and on Thursday they were down 4% at 239.75p at 12.30pm in London.But Macquarie analyst Guy Peddy said: "BT has committed to our thematic path for the sector [that] we have been articulating for much of the decade. BT's scale offers a competitive advantage in the network-intensive outlook for the sector. A new chief executive has the ability to win back investor confidence."He conceded, however, that BT was a difficult company to manage, encompassing as it did retail, wholesale, consumer, business and enterprise-focused divisions, and "operating in a structurally challenged industry and subject to regulatory oversight and political interference".In a note to investors, he outlined what Jansen's immediate agenda should be.A priority, he argued, should be cutting the dividend, "to remove the continuous headache and debate over its sustainability". Macquarie is targeting 10p per share for the full year 2018/19.Other areas of focus should include pushing 5G technology, investing in IT, accelerating the move to IP, and avoiding any further separation of Openreach, BT's infrastructure business. BT still owns Openreach but following a battle with Ofcom, it finally agreed this year to legally separate the network business in order to increase its independence.Macquarie also stressed that Jansen should work closely with Matthew Key, the former Vodafone and O2 executive who is joining the board as non-executive director. "He understands the value of digital and brands," argued Peddy, noting that his appointment was "perhaps even more interesting" than Jansen's.
More News
27 Jun 2023 16:55

London stocks rise on China recovery hopes; energy shares fall

China's Premier Li says will take steps to boost demand

*

Read more
27 Jun 2023 09:43

UBS downgrades BT Group to 'sell', shares slide

(Sharecast News) - BT Group tumbled on Tuesday after UBS downgraded the shares to 'sell' from 'neutral' and cut the price target to 120p from 146p, as it assumed a halving of the dividend amid free cash flow pressures.

Read more
27 Jun 2023 08:57

LONDON BROKER RATINGS: UBS cuts BT'; HSBC starts Smiths with 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
27 Jun 2023 07:56

LONDON BRIEFING: Stocks called up; record profit for Telecom Plus

(Alliance News) - Stock prices in London were set to open higher on Tuesday, following a positive session for equities in Hong Kong and Shanghai.

Read more
26 Jun 2023 17:11

HSBC says to shift global headquarters to London finance district

(Alliance News) - Banking firm HSBC Holdings PLC will switch global headquarters to London's traditional City finance district, from its current Canary Wharf base in the east of the capital, it said Monday.

Read more
26 Jun 2023 06:01

BT apologises for faults that hampered UK's 999 emergency call service

(Alliance News) - BT Group PLC has apologised "sincerely" for technical faults as the primary 999 emergency call service was restored.

Read more
20 Jun 2023 09:35

LONDON BROKER RATINGS: JPMorgan sees negative catalysts for Ocado

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning on Monday:

Read more
18 Jun 2023 18:38

Sunday newspaper round-up: Drinkflation, Bank of England, BT Group

(Sharecast News) - Brewers have cut the levels of alcohol in many beers and lagers, saving millions of pounds in tax in the process. But they haven't cut prices for consumers. Food giants and grocers have done the same through stealthy reductions in package sizes and portions. Critics however hold that so-called drinkflation is the more insidious of the two, as bottle and cans stay the same size and hold the same amount of liquid. In the case of Foster's, which is sold by Heineken in the UK, alcohol by volume has been reduced from 4.0% earlier in 2023 to only 3.7%. - Financial Mail on Sunday

Read more
14 Jun 2023 17:05

Vodafone, Hutchison strike $19 bln deal to create UK mobile leader

Deal would create UK's biggest mobile operator

*

Read more
14 Jun 2023 11:37

TOP NEWS: Vodafone and CK Hutchison unveil mega UK mobile merger

(Alliance News) - Vodafone Group PLC and CK Hutchison Holdings Ltd on Wednesday announced a tie-up of their UK telecommunications arms, following talks which began last year.

Read more
14 Jun 2023 09:02

LONDON BROKER RATINGS: UBS raises Wizz Air to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
12 Jun 2023 11:00

Recession risks still loom for markets calmer after banking turmoil

June 12 (Reuters) - The euro zone has slipped into recession and Chinese data has disappointed, warning signs for world markets relieved that the March banking turmoil has not led to a full on credit-crunch and a U.S. debt ceiling crisis has been averted.

Read more
2 Jun 2023 17:20

London stocks rise as US averts default; Dechra surges

Pelatro up on middle-east contract win

*

Read more
26 May 2023 17:45

Sunak and Google CEO discuss 'striking right balance' on AI regulation

(Alliance News) - Rishi Sunak has met with Google's chief executive to discuss "striking the right balance" between artificial intelligence (AI) regulation and innovation, Downing Street said.

Read more
24 May 2023 21:56

Sunak, AI leaders discuss 'existential threats', disinformation fears

(Alliance News) - Rishi Sunak has discussed with leading figures in artificial intelligence the need for regulation to mitigate risks ranging from disinformation and national security to "existential threats".

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.