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Share Price: 127.10
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BT promises 1,000 new call centre jobs in next 15 months

Mon, 18th Jan 2016 10:34

(ShareCast News) - BT Group plans to double the size of its UK customer services workforce with an extra 1,000 new jobs before April 2017.Regulator Ofcom on Friday released figures that showed BT was rated below average for landline and broadband customer service, while soon-to-be-acquired mobile network EE scored the lowest levels of customer satisfaction.BT said on Monday that, following the 1,000 roles added in its UK consumer call centres, it will add the extra 1,000 permanent jobs in centres in coming months, beginning with 100 in Swansea.The remaining 900 roles, which BT said would be call centre advisors, apprentices and some graduates, will be spread across its other UK call centres."We announced in September 2015 that BT Consumer is going to answer more than 80% of its customers' calls in the UK by the end of 2016 and this means we need more people in our UK contact centres," said Libby Barr, managing director of customer care at BT Consumer."We will have created 2,000 permanent UK jobs by the end of this process, including agency transfers, which is a fantastic boost for the UK economy and many regions where we are already a significant employer."BT's customer service plans involve spending an extra £80m over two years.On Friday, the UK Competition and Markets Authority (CMA) gave the company final and unconditional approval to complete the acquisition of EE, which BT expects to close on 29 January.Analysts at Societe Generale said, while hardly unexpected, approval was still good news, especially given the tough start to the year for markets. It sees synergies from the deal as the key drivers to boosting its growth estimate from 3% to 6-8% compound annual growth rate for earnings per share and dividend per share over five years.
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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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23 May 2023 09:17

LONDON BROKER RATINGS: RBC cuts abrdn European Logistics Income

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

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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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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%.

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23 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.

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23 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.

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22 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.

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22 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".

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22 May 2023 09:23

LONDON BROKER RATINGS: Citigroup cuts Sainsbury to 'neutral'

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

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22 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.

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