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Pin to quick picksBT Share News (BT.A)

Share Price Information for BT (BT.A)

London Stock Exchange
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Share Price: 105.10
Bid: 105.00
Ask: 105.10
Change: 1.55 (1.50%)
Spread: 0.10 (0.095%)
Open: 104.15
High: 106.25
Low: 103.60
Prev. Close: 103.55
BT.A Live PriceLast checked at -

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BT reveals plans to pay down £7bn pension deficit, upgrade fibre network

Fri, 30th Jan 2015 08:11

Telecoms giant BT reported a solid rise in profits in its third quarter, as it announced a new 16-year "recovery plan" to pay down its expanding pension deficit. The company also revealed that it would upgrade its fibre broadband network with large-scale pilots this summer of ultrafast broadband with G.fast. "We now think we can deploy this technology at scale which will enable us to deliver ultrafast speeds of up to 500Mbps to most of the UK within a decade," said chief executive Gavin Patterson.Adjusted pre-tax profit in the three months to 31 December 2014 totalled £814m, up 13% on the year before, despite revenues falling by 3% to £4.48bn.Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) improved by 2% to £1.57bn, ahead of the £1.56bn expected by analysts.The bottom line was bolstered by a surge in profits from the division which includes its TV, broadband and BT Sport customers. BT Consumer EBITDA jumped 43% to £251m.This, along with a 4% increase in profits at BT Business, helped to outweigh falling earnings in BT Global Services, BT Wholesale and its infrastructure unit Openreach.Patterson said the company delivered its "best-ever quarter" for fibre broadband net additions, with its network now covering three-quarters of the UK. He said: "All the major communications providers are responding to the strong market demand for fibre broadband, helping to drive take-up in what is already a very competitive market."Meanwhile, BT said its funding deficit for its pension scheme had ballooned to £7bn by 30 June 2014, compared with the previous valuation of just £3.9bn in 2011. The increase "reflect[ed] the low interest rate environment at the valuation date", BT said.The company announced plans to pay back £2bn over the next three years, and will subsequently make regular payments through to 2030."This agreement is a good outcome for the scheme's 300,000 members and BT," said finance director Tony Chfanmugam.
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8 Jan 2024 12:49

IN BRIEF: BT confirms February start date for new CEO Kirkby

BT Group PLC - London-based telecommunications provider - Confirms Independent Non-Executive Director Allison Kirkby will succeed Philip Jansen as chief executive officer from February 1. She was named successor in July, with previous communication being that she would take over from Jansen around the end of this month at the latest. Jansen will be available to support the handover until the end of March, when BT's financial year 2024 ends.

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2 Jan 2024 16:58

LONDON MARKET CLOSE: Stocks down amid disappointing manufacturing data

(Alliance News) - Stock prices in London closed lower on Tuesday, after the year was started with some disappointing data about the UK and US manufacturing sectors.

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2 Jan 2024 12:01

LONDON MARKET MIDDAY: London stocks make largely soft start to 2024

(Alliance News) - Stock prices in London were mostly lower at midday on Tuesday in a slow start to the new year, reacting to the UK manufacturing sector finishing a tricky 2023 with a further contraction in December.

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2 Jan 2024 08:48

LONDON MARKET OPEN: New Year begins largely green amid slew of PMIs

(Alliance News) - Stock prices in London opened mostly up on Tuesday, the first day of trading in 2024, reacting to slightly improved factory activity in China, with more manufacturing PMIs from major economies due.

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2 Jan 2024 08:36

PRESS: Outgoing BT boss Jansen approached about being next WPP chair

(Alliance News) - WPP PLC has approached outgoing BT Group PLC chief Philip Jansen about becoming the advertising firm's next chair, Sky News reported on Monday.

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2 Jan 2024 07:57

LONDON BRIEFING: AstraZeneca, Sanofi's RSV treatment approved in China

(Alliance News) - Stock prices in London are expected to open higher on Tuesday, reacting to a slight expansion in manufacturing activity in China and ahead of a slew of manufacturing PMI data including for the UK.

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1 Jan 2024 21:35

BT chief Jansen approached about WPP chairmanship - Sky News

Jan 1 (Reuters) - BT Group's outgoing boss Philip Jansen has been approached about becoming the next chair of advertising group WPP, replacing Roberto Quarta, Sky News reported on Monday.

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1 Jan 2024 17:22

BT chief Jansen approached about WPP chairmanship - Sky News

Jan 1 (Reuters) - Philip Jansen, the outgoing BT Group boss, has been approached about becoming the next chairman of advertising group WPP, Sky News reported on Monday.

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28 Dec 2023 17:21

UK stocks subdued in thin holiday trade

FTSE 100, FTSE 250 flat

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28 Dec 2023 12:27

London midday: Stocks reverse gains to turn lower at lunchtime

(Sharecast News) - London's stock markets had turned negative by lunchtime on Thursday, reflecting a subdued trading environment during the typically quiet period between Christmas and New Year.

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28 Dec 2023 09:02

LONDON MARKET OPEN: China-exposed firms rise as stocks drift higher

(Alliance News) - Stock prices in London opened slightly higher on Thursday, with investors feeling quietly optimistic on the penultimate day of trading for 2023.

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21 Dec 2023 17:34

Lapsus$ hacker who targeted Uber and Grand Theft Auto maker indefinitely detained

LONDON, Dec 21 (Reuters) - A teenage member of the Lapsus$ hacking group was on Thursday sentenced to indefinite detention in hospital for hacking Uber and fintech firm Revolut, and for blackmailing the developers of best-selling video game "Grand Theft Auto".

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21 Dec 2023 16:03

London close: Stocks finish weaker amid uninspiring data

(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, despite a rebound on Wall Street in early trading, as investors digested lacklustre government borrowing and retail sales data.

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21 Dec 2023 15:43

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Friday 22 December 
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Monday 25 December 
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Thursday 28 December 
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