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Share Price Information for BT (BT.A)

London Stock Exchange
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Share Price: 130.60
Bid: 130.40
Ask: 130.50
Change: 1.80 (1.40%)
Spread: 0.10 (0.077%)
Open: 129.20
High: 130.65
Low: 128.65
Prev. Close: 128.80
BT.A Live PriceLast checked at -

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Nomura downgrades BT to 'neutral', cites regulatory risk

Mon, 21st Sep 2015 14:30

(ShareCast News) - Nomura downgraded BT Group to 'neutral' from 'buy' and cut its price target to 490p from 560p.The Japanese bank said it senses a negative shift in regulatory risk, which along with renewed public sector headwinds dents its confidence in BT achieving its target of profitable top-line growth for the medium term."Without top-line growth, we think further rating expansion relative to telecom peers will be difficult and we downgrade to neutral," it said.It forecasts a three-year revenue compound annual growth rate of -0.2% down from a previous estimate for growth of 0.8% and cut its full-year 20120 EBITDA estimate by 4.4%.Nomura said Ofcom's review of BT's cost attribution rules threatens to strip away material cost from Ofcom's regulated products.In addition, the bank said it anticipates renewed pressure on BT's public sector revenue streams."We expect renewed pressure on public sector budgets with the new government's Autumn Spending Review, and, in particular, we are concerned about the impact of a new government framework designed to secure efficiencies from centralised procurement and to allocate more business to small and medium-sized suppliers."It added that pricing pressure and market share loss seem likely for BT.Finally, Nomura said that the implications of a combination between Vodafone and Liberty Global, which it expects to happen, are negative for BT.At 1438 BST, BT shares were down 0.1% at 414.45p.
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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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