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Share Price Information for BT (BT.A)

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Share Price: 129.15
Bid: 117.00
Ask: 134.00
Change: 0.00 (0.00%)
Spread: 17.00 (14.53%)
Open: 0.00
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Prev. Close: 129.15
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Sunday newspaper round-up: Coronavirus, British Airways, BT Group

Sun, 28th Jun 2020 18:52

(Sharecast News) - Britain is on a "knife edge" and likely to see an increase in coronavirus cases by July, a Government adviser has warned. Sir Jeremy Farrar, the director of the Wellcome Trust and a member of the Government's Scientific Advisory Group for Emergencies (Sage), said he was concerned that there will soon be a surge of new infections caused by lockdown restrictions being eased towards the end of May. - Sunday Telegraph
British Airways has told its longest-serving cabin crew they will have to take a 20% basic pay cut and change working patterns if they are to be retained, as it prepares to lay off up to 30% of its workforce. The proposal comes almost two months after BA notified unions of plans to lay off 12,000 staff after coronavirus grounded almost all passenger flights. - Guardian

BT has claimed that Boris Johnson's plan to give all Britons superfast broadband by 2025 will require a 'Herculean effort' as doubts grow about the ambitious target. The Prime Minister revealed his plan last year to connect the whole of Britain to one gigabit per second broadband by 2025 and committed £5billion to the goal. But industry sources say the already ambitious plan has been thrown into doubt by coronavirus delays. The industry also faces disruption if controversial Chinese firm Huawei is stripped out of the network. - Mail on Sunday

More than 50 years ago hydrogen fuel cells helped put Neil Armstrong on the moon, but mainstream usage of the technology has remained elusive since. Now there are signs that may be changing, with a spate of new investments even amid the coronavirus pandemic. In the UK, the transport secretary, Grant Shapps, this week told MPs that the government will experiment with hydrogen fuel cells for an entire town's bus network. Earlier this month, the Department for Transport gave £400,000 to the Hydroflex project, run by the University of Birmingham and rail-leasing company Porterbrook, to bring the first hydrogen train to UK main lines in the next few weeks. - Guardian

Fast-growing online beauty retailer The Hut Group (THG) has reignited speculation that it is heading for a long-awaited £5bn stock market debut after lining up meetings with an array of blue-chip investors including Schroders, T Rowe Price and Fidelity. Bankers are pushing privately held online retailers to consider floating after the enforced closure of all non-essential shops for three months because of the coronavirus lockdown funnelled more business onto the web. - Sunday Times

Donald Trump's government has warned Hitachi against selling a nuclear power project to China as tensions between Washington and Beijing escalate. Officials from the US State Department are understood to have heaped pressure on the Japanese industrial giant as it weighs options for the Horizon nuclear project on Anglesey, north Wales. Hitachi last year put Horizon on hold and wrote off £2bn after repeated delays by Westminster in signing off a support package. - Sunday Times

Virgin Atlantic is trying to raise up to £900m within days to avoid collapse. The airline, founded by Sir Richard Branson, has pumped up its bailout plans from £750m and is in talks with debt funds as hopes of a state-backed rescue fade. Virgin's increased cash call underlines the dire state of an industry battered by the grounding of planes and the government's quarantine diktat. Long-haul carriers such as Virgin are due to be among the slowest to see passenger numbers recover. - Sunday Times

Sir Mark Sedwill has announced he will stand down from his role as Cabinet Secretary, National Security Adviser and head of the Civil Service in September. The Sunday Telegraph first reported Sir Mark's expected departure under Boris Johnson's plans for a Whitehall revolution. His departure signals that a long-planned shake-up of the Civil Service by Dominic Cummings, Mr Johnson's chief aide, is gathering pace. - Sunday Telegraph

Unemployment in Britain could soar to levels not seen since the 1980s unless ministers boost support for businesses struggling because of the lockdown, Labour warns today as the main parties join battle over how to rescue the economy from the wreckage of the Covid-19 crisis. New analysis by the House of Commons library shows that up to one million people could be added to the current jobless total of 2.8 million, unless extra support is given from August. Unemployment in the UK peaked at 3.3 million in 1984 under Margaret Thatcher. - Guardian

More News
22 May 2024 09:53

LONDON BROKER RATINGS: Barclays cuts NextEnergy but lifts JLEN

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

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22 May 2024 09:51

BT fined by Ofcom for "failing" EE and Plusnet customers

(Alliance News) - BT Group PLC must pay a GBP2.8 million fine after its "unacceptable" failure to provide adequate information to prospective customers, Ofcom announced on Wednesday.

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22 May 2024 07:18

Ofcom fines BT £2.8m for knowingly breaching contract info rules

(Sharecast News) - Ofcom announced on Wednesday that it has fined BT Group £2.8m, for failing to provide more than one million customers with clear and essential contract information before signing up for services with its subsidiaries EE and Plusnet.

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21 May 2024 10:00

LONDON BROKER RATINGS: UBS lifts Schroders; Barclays likes Wise

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

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20 May 2024 13:16

IN BRIEF: BT Non-Executive Tushar Morzaria buys GBP70,000 in shares

BT Group PLC - London-based telecommunications provider - Non-Executive Director Tushar Morzaria buys 53,270 shares at GBP1.33 each, worth GBP70,849, in London on Monday.

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20 May 2024 10:33

BT delays new digital network switchover timetable

(Alliance News) - BT has significantly delayed its timetable to force all customers on to the new digital network following long-running concerns about vulnerable customers who rely on landline-based personal alarms.

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17 May 2024 15:52

London close: Stocks recoup some earlier losses

(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.

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17 May 2024 09:06

LONDON BROKER RATINGS: Jefferies says buy Tritax Big Box post merger

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

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16 May 2024 17:33

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

BT Group up after CEO aims for more than double free cash flow

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16 May 2024 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher following Wednesday's softer US inflation data.

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16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

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16 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 dragged down by Sage Group and easyJet

(Alliance News) - Stock prices in London were lower at midday Thursday, with Wednesday's Wall Street session failing to shine in Europe.

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16 May 2024 09:12

LONDON MARKET OPEN: FTSE 100 in red as easyJet and Sage Group fall

(Alliance News) - Stock prices in London opened lower on Thursday, ignoring the rally over on Wall Street on Wednesday.

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16 May 2024 09:06

TOP NEWS: BT to consider options for global operations amid UK focus

(Alliance News) - BT Group PLC on Thursday lifted its dividend as it forecast significantly improved cash flow in the coming years now that peak investment in its full-fibre roll-out has passed.

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16 May 2024 07:45

LONDON BRIEFING: BT ups dividend; easyJet loss narrows

(Alliance News) - Stocks in London are called to open slightly lower on Thursday, shaking off New York's record performance.

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