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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: 1.55 (1.50%)
Spread: 0.10 (0.095%)
Open: 104.15
High: 106.25
Low: 103.60
Prev. Close: 103.55
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Ofcom unlikely to recommend demerger of BT's Openreach, says Charles Stanley

Fri, 17th Jul 2015 13:28

(ShareCast News) - Charles Stanley maintained its 'accumulate' rating on BT, saying it does not expect UK regulator Ofcom to recommend the demerger of Openreach.On Thursday, Ofcom suggested breaking up BT Group as one of a range of possible measures to improve competitiveness in the digital communications market.It said that separating Openreach, BT's infrastructure division, which owns the physical network used by several competitors, from the main group "could deliver competition or wider benefits for end users" and "would remove BT's underlying incentive to discriminate against competitors".However, Charles Stanley said: "We think that Ofcom will settle for further 'remedies', despite its view that BT still has 'an incentive' to discriminate. ""For Ofcom itself, a decision leading to failure would have major consequences for itself and perhaps even for the structure of regulation in other industries, while maintaining the status quo (with further remedies) on the back of a formal review looks to be a low risk option. In our view then, the latter is the most likely outcome and that is why BT's share price has not fallen on the recent news - indeed, has risen marginally."The brokerage said the investment theme for BT is that it is slowly moving to growth in revenues after years of decline, as higher quality new products and services take over from old voice revenues and regulatory price cuts ease.Meanwhile, operating costs continue to be cut, with opportunities for yet further reductions, and the business is managed for cash, said Charles Stanley.The net result has been dividend growth of 80% over the last five years and maintained 10-15% guidance for next year."We see the £12.5bn acquisition of EE as likely to complete and positive," said the brokerage, adding that although competition is likely to intensify, BT will have a very strong converged offering.It said the stock's valuation is pretty full but the shares "remain attractive in an uncertain world".At 12:35, BT shares were up 0.7% at 475.40p.
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(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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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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Ofcom signs off on BT unit Openreach's Equinox 2 scheme pricing in UK

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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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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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