focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 134.25
Bid: 133.60
Ask: 133.65
Change: 1.65 (1.24%)
Spread: 0.05 (0.037%)
Open: 132.70
High: 135.50
Low: 132.50
Prev. Close: 132.60
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

BT and Openreach staff staging fresh strikes over pay

Tue, 30th Aug 2022 05:59

(Alliance News) - Workers at BT Group PLC and its subsidiary Openreach are staging fresh strikes over pay as the summer of industrial unrest across the country continues.

The Communication Workers Union said 40,000 of its members at BT Group are showing "serious determination" to get a decent wage rise as they walk out on Tuesday and Wednesday, following action earlier this month.

The union said workers are opposing the imposition of an "incredibly low" flat-rate pay rise of GBP1,500.

"In the context of RPI inflation levels already hitting 11.7% this year, this is a dramatic real-terms pay cut," said the union.

CWU general secretary Dave Ward said: "These are the same workers who kept the country connected during the pandemic. Without CWU members, there would have been no home-working revolution, and vital technical infrastructure may have malfunctioned or been broken when our country most needed it.

"These people have performed phenomenally under great strain and have been given a real-terms pay cut for a reward.

"The reason for the strike is simple: workers will not accept a massive deterioration in their living standards.

"We won't have bosses using Swiss banks while workers are using food banks.

"BT Group workers are saying enough is enough. They have serious determination to win, and are not going to stop until they are listened to."

CWU deputy general secretary Andy Kerr said: "The constant disrespect shown towards our workforce has led to strike action that has been supported overwhelmingly by the public.

"If the top brass at BT haven't got it yet, this is a problem entirely of their own making.

"BT Group workers will receive the dignity they deserve. That means a proper pay rise, and we will not give up until we get that."

A BT Group spokesperson said: "We know that our colleagues are dealing with the impacts of high inflation and, although we're disappointed, we respect their decision to strike.

"We have made the best pay award we could and we are in constant discussions with the CWU to find a way forward from here. In the meantime, we will continue to work to minimise any disruption and keep our customers and the country connected."

The company said that when it became clear it was not going to reach agreement with the union, it awarded the highest pay rise in more than 20 years.

BT Group said a fully consolidated pay award to team members and frontline employees of GBP1,500 represents a rise of around 5% on average and 8% for the lowest paid, effective from April 1 this year.

It added it was the highest pay rise it had awarded in 20 years.

By Alan Jones, PA Industrial Correspondent

source: PA

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
27 Nov 2023 14:11

UPDATE: BT, Aurelius don't intend takeover offer for musicMagpie

(Alliance News) - BT Group PLC and Aurelius Investment Advisory Ltd said that they are not intending to make an offer for Stockport, England-based used-technology reseller musicMagpie PLC.

Read more
27 Nov 2023 13:49

BT says not intending takeover offer for musicMagpie

(Alliance News) - BT Group PLC on Monday said that it is not intending to make an offer for Stockport, England-based used-technology reseller musicMagpie PLC.

Read more
27 Nov 2023 13:30

BT Group not planning to make offer for MusicMagpie

(Sharecast News) - BT Group said on Monday that it is not planning to make an offer for MusicMagpie.

Read more
27 Nov 2023 09:20

LONDON BROKER RATINGS: Peel, Numis up Rightmove; Goldman cuts Entain

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

Read more
23 Nov 2023 10:11

LONDON BROKER RATINGS: UBS cuts Auto Trader; Bryan Garnier likes Sage

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

Read more
20 Nov 2023 14:59

London close: Stocks mixed ahead of Autumn Statement

(Sharecast News) - London's stock markets saw a mixed performance at the close of trading on Monday, with Ashtead and Compass among the leading losers.

Read more
20 Nov 2023 12:03

LONDON MARKET MIDDAY: Europe mixed before Fed minutes; Bayer plunges

(Alliance News) - European equities were mixed heading into Monday afternoon, in a cautious start to the week ahead of Tuesday's US Federal Reserve meeting minutes and a key UK fiscal policy announcement on Wednesday.

Read more
20 Nov 2023 09:31

IN BRIEF: BT and Aurelius in talks to buy used-tech seller musicMagpie

musicMagpie PLC - Stockport, England-based used-technology reseller - Confirms it is in "early stage discussions" with telecommunications provider BT Group PLC and asset manager Aurelius Group for the pair to make a takeover offer for musicMagpie. Talks are "ongoing and remain at a very early stage", musicMagpie says. There is no certainty that an offer will be made, it says, but BT and Aurelius have a deadline of December 18 to announce a firm intention to make an offer or walk away.

Read more
20 Nov 2023 09:00

LONDON MARKET OPEN: Ashtead tumbles on guidance cut; Diploma rises

(Alliance News) - Stock prices in London made little progress on Monday morning, as investors were in a 'wait-and-see' mood ahead of UK fiscal announcements and US central bank minutes.

Read more
20 Nov 2023 07:49

LONDON BRIEFING: Ashtead cuts guidance; BT eyes musicMagpie

(Alliance News) - Stocks in London are set to open slightly lower on Monday, as oil prices advance while the dollar falls back.

Read more
14 Nov 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms before US inflation

(Alliance News) - London's FTSE 100 went into Tuesday afternoon in the red, hurt by a stronger pound, though European peers were in better shape ahead of a key US inflation reading.

Read more
14 Nov 2023 09:15

BT reduces pension funding deficit despite "uncertainty and headwinds"

(Alliance News) - BT Group PLC on Tuesday said it has agreed its triennial pension valuation and deficit recovery plan with its pension scheme, despite the "uncertainty and headwinds" observed since 2020.

Read more
3 Nov 2023 17:01

LONDON MARKET CLOSE: Stocks end week mixed on soft US employment data

(Alliance News) - Stock prices in London closed mixed on Friday, as some soft US data seemingly confirmed that the central banks are done with interest rate hikes, at least for now.

Read more
3 Nov 2023 09:31

LONDON BROKER RATINGS: JPMorgan lifts Smith & Nephew

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
2 Nov 2023 16:58

LONDON MARKET CLOSE: Stocks buoyant as investors bet rates have peaked

(Alliance News) - Stocks prices soared in London on Thursday as investors bet interest rates have peaked despite the best efforts of central bank officials to curb expectations.

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.