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Share Price Information for BT (BT.A)

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Share Price: 141.60
Bid: 141.75
Ask: 141.85
Change: -0.95 (-0.67%)
Spread: 0.10 (0.071%)
Open: 142.25
High: 142.95
Low: 140.20
Prev. Close: 142.55
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BT, Openreach should split, says ex-business minister Anna Soubry

Thu, 11th Aug 2016 12:16

(ShareCast News) - BT, which had been criticised for providing low levels of superfast broadband access, should split from Openreach, according to a former government minister.Anna Soubry, the former business minister, said that the telecoms giant should split and Openreach should became a separate company.Openreach is owned by BT and runs a large amount of the country's internet infrastructure and is responsible for access to superfast broadband, which is more than 24 millions of bits per second.Communications regulator, the office for communications (Ofcom) considered splitting the two up, but rejected the idea and instead said Openreach should become a distinct company within BT.Soubry said to BBC Radio 4's Today programme she was surprised by Ofcom's decision on the 26 July."I was very surprised that was pulled back on, I'm sorry, but they have not delivered. Radical action needs to be taken so that we have superfast broadband across the UK," she said.The Conservative MP for Broxtowe said BT had enough chances to improve the broadband service for customers."It's not good enough. It's outrageous in this day and age to not have access to superfast broadband and mobile phone signals, and that includes on our trains too."Not only would I have put a very sharp toe under BT and looked at its performance and actually considered splitting it up, making sure it did a proper job, and I'm far from convinced that it's done a proper job."BT claimed that 90% of properties in the UK had access to superfast broadband internet, however Soubry disagreed."I don't trust these figures at all ... It's strange that in my time as business minister, I seem to meet every member of the 10%".Shares in BT group were down 1.64% to 392.25p at 1257 BST.
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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

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14 Jun 2023 17:05

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

Deal would create UK's biggest mobile operator

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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.

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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:

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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.

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2 Jun 2023 17:20

London stocks rise as US averts default; Dechra surges

Pelatro up on middle-east contract win

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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.

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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".

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24 May 2023 11:22

UK's Ofcom allows Openreach to cut prices

(Sharecast News) - Britain's telecoms regulator has allowed BT to cut wholesale prices at its Openreach networking arm, despite claims from competitors that it would give the company an unfair advantage.

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24 May 2023 09:29

Britain allows BT to discount wholesale fibre broadband

LONDON, May 24 (Reuters) -

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24 May 2023 08:51

Ofcom signs off on BT unit Openreach's Equinox 2 scheme pricing in UK

(Alliance News) - BT Group PLC unit Openreach's Equinox 2 scheme has overcome a potential regulatory hurdle.

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24 May 2023 07:09

Britain allows BT to offer wholesale fibre broadband discounts

LONDON, May 24 (Reuters) - Britain's telecoms regulator Ofcom said on Wednesday it would allow BT to offer new discounted wholesale fibre pricing to broadband providers as it did not consider the scheme to be anti-competitive. (Reporting by Paul Sandle; Editing by Kate Holton)

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23 May 2023 12:06

LONDON MARKET MIDDAY: Stocks up; RS falls on slowing industrial growth

(Alliance News) - Stock prices in London were higher at midday on Tuesday, as investors remained calm about the possibility of US government debt default.

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23 May 2023 11:22

Patrick Drahi's Altice adds to BT stake a week after lay-off plans

(Alliance News) - Billionaire telecom tycoon Patrick Drahi's Altice UK Sarl on Tuesday said it has bought more shares in BT Group PLC, less than a week after the telecommunication company announced plans for major job cuts.

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23 May 2023 10:24

Are things finally moving in the right direction for the pound?

STOXX Europe 600 down 0.3%

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