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Share Price Information for BT (BT.A)

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Share Price: 105.10
Bid: 105.00
Ask: 105.10
Change: 0.00 (0.00%)
Spread: 0.10 (0.095%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 105.10
BT.A Live PriceLast checked at -

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Jefferies downgrades BT on impaired visibility

Wed, 20th Apr 2016 09:23

(ShareCast News) - Jefferies downgraded BT Group to 'hold' from 'buy' and cut the price target to 475p from 515p, pointing to impaired visibility.The bank said BT's outlook is increasingly uncertain, with more elements outside management control.Jefferies said the positive stance it had established on the stock back in 2010 was founded on benign regulation - helping BT regain consumer retail momentum - and substantial cost-cutting."With neither support looking so reliable now and valuation no longer cheap, we downgrade," it said, adding that Vodafone is its preferred UK telco.Jefferies said Ofcom's attitude towards BT appears increasingly abrasive. Demands in last month's Business Connectivity Market Review for tougher minimum service standards and a new dark fibre reference offer will load Openreach with more cost.At the same time, Ofcom's Cost Attribution Review will reduce the cost base on which it is entitled to earn a return.Jefferies said Ofcom's Digital Communications Review proposals were still a threat."Although initial conclusions fell short of demanding structural separation, the "independent governance" that Ofcom seeks for Openreach might extend to giving it control over cash flows that contribute significantly to BT's dividend capacity."The bank noted Openreach contributed 36%-41% of group operating cash flow in the last four years.At 0948 BST, BT shares were down 2.2% to 441.10p.
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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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