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Share Price Information for BT (BT.A)

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Share Price: 132.20
Bid: 132.15
Ask: 132.25
Change: -0.95 (-0.71%)
Spread: 0.10 (0.076%)
Open: 133.30
High: 133.30
Low: 130.95
Prev. Close: 133.15
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Anger as BT shifts pension benchmark

Thu, 04th Nov 2010 12:35

BT could cut its pension scheme liabilities by up to £3bn after it decided to follow the government's lead and use the Consumer Prices Index (CPI) rather than the Retail Prices Index (RPI) as the base index.CPI has traditionally run at a lower rate than RPI because it does not include mortgage and other housing costs.At 30 September 2010 BT's pensions deficit was £5.2bn (£3.8bn, net of tax) compared with £7.9bn (£5.7bn, net of tax) at 30 June 2010. The impact of this decision is to reduce the BT's pension liabilities by around £2.9bn, it said. Analysts said that the deal with the trustee was worth as much as 27p a share.The telecoms giant has an agreement with the regulator to wipe out its deficit by making annual payments of just over £500m over the next 17 years. Today's agreement will not affect the next two payments of £525m in 2010 and 2011.BT workers reacted angrily to the change. The Communication Workers Union said that the changes could mean smaller pension payments for retired BT engineers and potentially hit 331,000 people in the scheme."This is an attack on the rights of responsible and hard working BT staff both past and present. CPI linking will mean smaller pension increases for many hard pressed pensioners and will lead to the pension falling below the real cost of living, " said Andy Kerr, deputy general of the CWU.
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3 Feb 2023 09:23

Ofcom rules BT's Openreach price plan not anti-competitive

(Sharecast News) - Ofcom said on Friday it was minded to back BT Group's planned Openreach wholesale prices, arguing they were not anti-competitive.

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3 Feb 2023 08:53

LONDON MARKET OPEN: FTSE 100 treads water as traders digest rate hikes

(Alliance News) - Stock prices in London opened mostly lower on Friday, after a week dominated by interest rate decisions, which were all in line with market expectations.

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3 Feb 2023 08:03

LONDON BRIEFING: UK watchdog backs BT's Openreach 'Equinox 2' plan

(Alliance News) - London's FTSE 100 was lower early Friday, ahead of a series of services PMI readings from major economies.

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2 Feb 2023 17:27

UK stocks hold gains after BoE hints rates near peak; FTSE 250 jumps

BoE hikes interest rates by 50 bps

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2 Feb 2023 12:09

LONDON MARKET MIDDAY: Shares higher as BoE hikes key UK rate to 4.0%

(Alliance News) - Stock prices in London were higher at midday on Thursday, after the Bank of England and US Federal Reserve announced interest rate hikes in line with market expectations.

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2 Feb 2023 09:03

LONDON MARKET OPEN: Shell profit doubles; ECB, BoE next after US hike

(Alliance News) - Stock prices in London opened higher, as the second of two big days for interest rate decisions kicked off.

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2 Feb 2023 08:48

TOP NEWS: BT backs annual outlook as profit falls 15% in nine months

(Alliance News) - BT Group PLC on Thursday said profit in its year-to-date was hit by higher depreciation, while revenue dipped due to its new sports joint venture.

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2 Feb 2023 08:01

REPEAT: Shell sets USD4 billion buyback; ECB and BoE decisions ahead

(Alliance News) - Stocks in London are set to open higher on Thursday, after the US Federal Reserve, as expected, stepped back its pace of interest rate hikes to 25 basis points.

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2 Feb 2023 08:00

LONDON BRIEFING: Shells sets USD4 billion buyback; ECB and BoE ahead

(Alliance News) - Stocks in London are set to open higher on Thursday, after the US Federal Reserve, as expected, stepped back its pace of interest rate hikes to 25 basis points.

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2 Feb 2023 07:01

BT sees third-quarter revenues dip

(Sharecast News) - BT Group reiterated its full-year outlook on Thursday, despite seeing third-quarter revenues slip.

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27 Jan 2023 07:56

LONDON BRIEFING: Direct Line CEO Penny James out after profit warning

(Alliance News) - Stocks in London were called to opened higher on Friday, after a good day in New York on Thursday following some better-than-expected US GDP figures.

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27 Jan 2023 05:54

BT to take on 400 apprentices and graduates in September

(Alliance News) - BT Group PLC is to recruit more than 400 apprentices and graduates later this year, the FTSE 100-listed telecoms firm has announced.

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26 Jan 2023 15:45

UK earnings, trading statements calendar - next 7 days

Friday 27 January 
Aberforth Smaller Companies Trust PLCFull Year Results
GCP Infrastructure Investments LtdTrading Statement
Getech Group PLCTrading Statement
Industrials REIT LtdTrading Statement
Paragon Banking Group PLCTrading Statement
Taylor Maritime Investments LtdTrading Statement
YouGov PLCTrading Statement
Monday 30 January 
Computacenter PLCTrading Statement
DP Eurasia NVTrading Statement
Porvair PLCFull Year Results
Ryanair Holdings PLCQ3 Results
Sthree PLCFull Year Results
Tuesday 31 January 
abrdn Private Equity Opportunities Trust PLCfull Year Results
Applied Graphene Materials PLCFull Year Results
Ecora Resources PLCTrading Statement
Ince Group PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Uru Metals LtdFull Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Wednesday 1 February 
Entain PLCTrading Statement
FDM Group Holdings PLCTrading Statement
Glencore PLCTrading Statement
GSK PLCFull Year Results
Restore PLCTrading Statement
UK Commercial Property REIT LtdTrading Statement
Virgin Money UK PLCTrading Statement
Vodafone Group PLCTrading Statement
Thursday 2 February 
Airtel Africa PLCQ3 Results
BT Group PLCQ3 Results
Cranswick PLCTrading Statement
JTC PLCTrading Statement
Jadestone Energy PLCTrading Statement
NCC Group PLCHalf Year Results
Renishaw PLCHalf Year Results
ScS Group PLCTrading Statement
Shell PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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26 Jan 2023 05:50

UK broadband firms urged to axe mid-contract exit fees as prices rise

(Alliance News) - Broadband firms in the UK have been urged to drop penalties for customers leaving mid-contract amid concerns of impending "exorbitant" price rises or exit fees of more than GBP200.

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23 Jan 2023 10:48

Ofcom to investigate BT's customer contract information compliance

(Alliance News) - Ofcom has opened an investigation into BT Group PLC's compliance with its obligation to provide customers with clear and simple contract information before they sign up to a new deal, the regulator has announced.

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