Last checked at 23 May 2023 09:13
Drahi boosts stake in BT to 24.5%, will not make an offer
Drahi's Altice ups stake from 18% to 24.5%
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Share Price Information for BT (BT.A)
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Share Price:
142.25
Bid:
142.20
Ask:
142.35
Change:
1.00 (0.71%)
Spread:
0.15 (0.105%)
Open:
141.55
High:
142.45
Low:
141.55
Prev. Close:
141.25
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Mon, 05th Jul 2010 17:49
By Marietta Cauchi and Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. Communications Workers Union said Monday that it had canceled its ballot for strike action at BT Group PLC (BT.A.LN) on legal advice and that it would take up the offer by the telecommunications company for talks while planning to re-ballot if necessary. The strike, which would have been the first in BT's 23-year history, centers on the CWU's demand for a 5% pay rise this year for its 55,000 BT call center, engineering and retailer workers. BT is offering a 2% pay raise this year and a 3% raise in 2011, plus additional one-off payments and guarantees on job security. Prospect, BT's second-biggest union with 30,000 members, mainly managers, has already agreed to a 2% pay rise this year. "We're bitterly disappointed that this ballot has had to be canceled. It's devastating for our members and for trade union rights in the U.K. and of course it doesn't help to resolve the outstanding issues over pay which we have with BT," said Andy Kerr, CWU deputy general secretary. The CWU said it had received an offer from BT on Monday to meet for further negotiations and that it "will take up that offer whilst taking all necessary steps to allow a re-ballot as soon as practically possible if negotiations are unsuccessful." The dispute over pay comes after BT Chief Executive Officer Ian Livingston's bonus payments more than tripled, taking his total remuneration to more than GBP2 million in fiscal 2010 as he presided over a recovery in the company's financial performance. According to BT's 2010 annual report, Livingston's bonus payments rose to GBP1.2 million in fiscal 2010 from GBP343,000 the previous year, taking his total remuneration to GBP2.1 million from GBP1.2 million. Livingston accepted a 2% increase on his base salary of GBP850,000. -By Marietta Cauchi and Lilly Vitorovich, Dow Jones Newswires; +44 207 842 9241; marietta.cauchi@dowjones.com (END) Dow Jones Newswires July 05, 2010 12:49 ET (16:49 GMT)
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23 May 2023 08:11
TOP NEWS: Patrick Drahi's Altice ups BT stake to almost 25%
(Alliance News) - Billionaire telecom tycoon Patrick Drahi's Altice UK Sarl on Tuesday said it has bought more shares in BT Group PLC, taking its stake to about 24.5%.
Read more23 May 2023 08:02
Altice ups stake in BT to 24.5%
(Sharecast News) - Altice said on Tuesday that it has upped its stake in British telecommunications firm BT Group to 24.5% but insisted it does not plan to make a takeover offer.
Read more23 May 2023 07:57
LONDON BRIEFING: Stocks lower; Altice ups BT stake to 24.5%
(Alliance News) - Stocks in London were called to open lower on Tuesday, as US politicians continue to argue over the nation's debt ceiling and ahead of a slew of PMI releases.
Read more22 May 2023 16:54
LONDON MARKET CLOSE: European stocks underwhelm amid US debt drama
(Alliance News) - London's FTSE 100 outperformed in a tricky start to the week for European equities, with investors moving with trepidation as eyes remain on Washington for US debt ceiling talks.
Read more22 May 2023 10:11
Citi adds BT Group to 'European Focus List', reiterates 'buy'
(Sharecast News) - Citi reiterated its 'buy' rating on BT Group on Monday and added the shares to its 'European Focus List', "because of its deep value, and as it is a clear beneficiary from improving regulatory and market conditions".
Read more22 May 2023 09:23
LONDON BROKER RATINGS: Citigroup cuts Sainsbury to 'neutral'
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read more22 May 2023 07:53
LONDON BRIEFING: UK cuts NatWest stake below 40%, halved from peak
(Alliance News) - Stocks in London were called to open flat on Monday, after news that UK house prices hit a new record high in May and amid resumed talks to break the impasse over raising the US debt ceiling.
Read more22 May 2023 07:17
Broker tips: BT Group, Hill & Smith
(Sharecast News) - Citi reiterated its 'buy' rating on BT Group on Monday and added the shares to its 'European Focus List', "because of its deep value, and as it is a clear beneficiary from improving regulatory and market conditions".
Read more19 May 2023 12:14
LONDON MARKET MIDDAY: European equities up on hopes of US debt deal
(Alliance News) - Stock prices in London were higher at midday on Friday, with markets upbeat following a positive consumer confidence reading in the UK and amid growing hopes of a debt ceiling deal in the US.
Read more19 May 2023 09:07
LONDON BROKER RATINGS: RBC raises St James's Place to 'outperform'
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more18 May 2023 17:27
European stocks climb on U.S. debt ceiling optimism
German DAX rallies to fresh Jan 2022 highs
*Read more18 May 2023 17:18
UK equities rise on upbeat global mood; Burberry, BT Group lag
Burberry down after reporting U.S. sales drop
*Read more18 May 2023 16:56
LONDON MARKET CLOSE: Stocks up and dollar boosted by hawkish Fed bets
(Alliance News) - London's FTSE 100 ended higher on Thursday, continuing a slightly up-and-down week, helped by a weaker pound, as a rally in the dollar on an unwinding of doveish Federal Reserve bets continuing.
Read more18 May 2023 12:33
LONDON MARKET MIDDAY: Stocks and dollar up on US debt ceiling optimism
(Alliance News) - Stock prices in London were higher at midday on Thursday as growing confidence about US debt ceiling negotiations helped to lift market mood, buttressed by some strong individual shares performances from the likes of Aston Martin and Genuit.
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