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Share Price: 128.00

Bid: 127.50

Ask: 127.60

Change: -1.65 (-1.27%)

Spread: 0.10 (0.078%)

Open: 130.00

High: 130.55

Low: 127.50

Prev. Close: 129.65

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Friday newspaper round-up: Asda, British American Tobacco, BT...

Thu, 13th Nov 2014 17:29

Asda has accused its rivals of being "desperate" and misleading customers with price gimmicks, the Daily Telegraph reported on Friday.Barry Williams, one of the supermarket chain's most senior executives, said Asda's traditional rivals were feeling "chirpy, chirpy not cheap, cheap", as they vowed to deliver price cuts without sticking to them. Williams said Tesco, Sainsbury's and Morrisons were relying on issuing money-off vouchers to boost sales.According to The Times, British American Tobacco executives could be questioned by MPs after HMRC said that the cigarette maker breached anti-smuggling laws. BAT, the world's second-largest listed tobacco group, was ordered to pay £650,00 for oversupplying in Belgium.The Telegraph says that BT is planning to scrap its wholesale unit and fold the business into its telecoms infrastructure division Openreach. The paper says that BT has appealed to Ofgem for permission.David Cameron is set to tell the G20 summit in Brisbane that tax avoidance is a key issue worldwide, writes The Times. The prime minister's stance could embarrass Jean-Claude Juncker, the president of the European commission, whose nomination was strongly opposed by Cameron, and who has been accused of presiding over a lax corporate tax regime as Luxembourg prime minister.The Conservatives received double the donations of Labour and 60 times more than UKIP in the three months to September, The Guardian said. David Cameron's party received a total of £6.8m between July and September, including over £1m from hedge funds, while donations received by Labour amounted to £3.2m, including £1.3m courtesy of trade unions. UKIP brought in £98,000 during the three months but has since been given £1m by Arron Banks, a former Tory donor.The main UK banks could see the control of the UK's trillion pound payments system wrestled away from them, the Financial Times reported. A new financial watchdog, called the Payment Systems Regulator, will be introduced in April and will be able to clear the way for smaller banks to be included in running the infrastructure responsible for overseeing £75trn of money transfers every year in the UK.

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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.

24 May 2023 09:29

Britain allows BT to discount wholesale fibre broadband

LONDON, May 24 (Reuters) -

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.

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)

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.

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.

23 May 2023 10:24

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

STOXX Europe 600 down 0.3%

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:

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%

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%.

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.

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.

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.

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".

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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