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Share Price Information for BT (BT.A)

London Stock Exchange
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Share Price: 104.10
Bid: 104.00
Ask: 104.10
Change: 0.25 (0.24%)
Spread: 0.10 (0.096%)
Open: 103.40
High: 104.65
Low: 102.80
Prev. Close: 103.85
BT.A Live PriceLast checked at -

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UBS concerned for BT and Sky as Premier League auction heads for second round

Mon, 09th Feb 2015 10:20

Concerns about overpaying for Premier League (EPL) broadcast rights were weighing on shares BT and Sky on Monday, amid reports that the auction could be heading for a second round and with a third bidder.The two companies are going head-to-head in the battle for the 2016/2017 to 2018/2019 seasons, but as bidding continues there is speculation that a new party has emerged and could displace current provider BT."At first glance, news that the bidding is ongoing may be negative for sentiment for both Sky and BT as investors worry about escalating EPL costs," said analysts at UBS."Several press reports suggest that Discovery (owner of Eurosport) has entered the fray and this may be causing the complication in the auction process. Specifically, we think there may be scope for Discovery to replace BT rather than Sky."Bidding kicked off on Friday but press reports have suggested that there was no conclusion, with no statement as of yet from EPL. As such, bidding could go to a second round with new bids due on Monday and a result announced on Wednesday.The rights are split into seven packages and blind bids are submitted for each package. "When the bidding moves to the next round, no indication is given as to where each of the bidders stands," UBS explained.Sky currently holds five out of the seven packages, paying £760m a season, while BT spends £245m a season on the remaining two packages.Going into the auction, UBS said it had expected Sky to retain the majority of the rights but for costs to rise 45%. However, with bidding potential entering a second round, the bank said that BT may be "constrained" by a number of issues, namely its pending £12.5bn purchase of EE and Ofcom's 'margin squeeze' rules.At the same time, UBS also said that "Discovery could be a potential partner for Sky on the EPL rights rather than a new competitor".BT was down 1.7% at 435.7p by 10:35, while Sky fell 0.8% to 957.5p.
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10 Jul 2023 08:21

TOP NEWS: BT Chief Executive Philip Jansen to resign next year

(Alliance News) - BT Group PLC announced on Monday that its Chief Executive Philip Jansen has announced his intention to step down from his role, at the appropriate moment, over the next twelve months.

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10 Jul 2023 07:47

LONDON BRIEFING: BT CEO Philip Jansen to step down next year

(Alliance News) - Stocks in London are called lower on Monday, after soft economic data from China pointed to a weak demand outlook.

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10 Jul 2023 07:08

Jansen to step down from BT amid takeover rumours

(Sharecast News) - BT Group announced on Monday that its chief executive Philip Jansen had decided to step down from his position in the next 12 months, after spending four-and-a-half years in the role.

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10 Jul 2023 06:48

LONDON MARKET EARLY CALL: Stocks to fall amid Chinese deflation

(Alliance News) - Stocks in London are set to open lower on Monday, as the latest data from China added to a gloomy global economic outlook.

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9 Jul 2023 22:41

Sunday newspaper round-up: BT Group, Aston Martin, MPs

(Sharecast News) - BT has intensified its preparations to see off a possible takeover bid by its major shareholder Deutsche Telekom. For months now, the telecoms services provider had been working with Robey Warshaw and Goldman Sachs to prepare against such a scenario. Speculation in that regard was reaching a crescendo both in the City and within the sector, due to BT's need to invest £15bn in its new fibre-optic broadband network and multiple potentially destabilising factors. - The Sunday Telegraph

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6 Jul 2023 15:46

UK shareholder meetings calendar - next 7 days

Friday 7 July 
Griffin Mining LtdAGM
GRIT Investment Trust PLCAGM
Liontrust Asset Management PLCGM re takeover by GAM Holding AG and share cancellation
Nanoco Group PLCGM re cancellation of Share Premium Account
Monday 10 July 
Altona Rare Earths PLCGM re admission to LSE
Financials Acquisition CorpGM re extension of business combination deadline
More Acquisitions PLCAGM
N Brown Group PLCAGM
National Grid PLCAGM
Sirius Real Estate LtdAGM
TruFin PLCGM re open offer shares
Tuesday 11 July 
Active Energy Group PLCAGM
British Land Co PLCAGM
Octopus Apollo VCT PLCAGM
Windar Photonics PLCAGM
Wednesday 12 July 
Bytes Technology Group PLCAGM
Burberry Group PLCAGM
Capital Metals PLCGM re change of registered office
LondonMetric Property PLCAGM
Safestore Holdings PLCAGM
Steppe Cement LtdAGM
Wincanton PLCAGM
Thursday 13 July 
Aminex PLCAGM
BATM Advanced Communications LtdAGM
BT Group PLCAGM
C&C Group PLCAGM
CT Automotive Group PLCAGM
DCC PLCAGM
Donegal Investment Group PLCAGM
Dr Martens PLCAGM
Helical PLCAGM
Personal Assets Trust PLCAGM
Renewi PLCAGM
RS Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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28 Jun 2023 11:57

LONDON MARKET MIDDAY: Stocks upbeat ahead of central banking panel

(Alliance News) - Stock prices in London were higher at midday on Wednesday, as investors eagerly awaited a panel featuring the chiefs of the four largest central banks, hoping for hints on the future direction of monetary policy.

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28 Jun 2023 11:08

TOP NEWS: Ofcom investigates BT after UK emergency call disruption

(Alliance News) - Ofcom on Wednesday said it has launched an investigation into BT Group PLC after a disruption to UK emergency call services.

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27 Jun 2023 16:58

LONDON MARKET CLOSE: FTSE 100 edges up after strong start in New York

(Alliance News) - Blue-chip equities in Europe ended higher on Tuesday, though the FTSE 100 underperformed and ended with only a minor gain, as initial bullish trade following optimism out of China gave way to caution as the day wore on.

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27 Jun 2023 16:55

London stocks rise on China recovery hopes; energy shares fall

China's Premier Li says will take steps to boost demand

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27 Jun 2023 09:43

UBS downgrades BT Group to 'sell', shares slide

(Sharecast News) - BT Group tumbled on Tuesday after UBS downgraded the shares to 'sell' from 'neutral' and cut the price target to 120p from 146p, as it assumed a halving of the dividend amid free cash flow pressures.

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27 Jun 2023 08:57

LONDON BROKER RATINGS: UBS cuts BT'; HSBC starts Smiths with 'hold'

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

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27 Jun 2023 07:56

LONDON BRIEFING: Stocks called up; record profit for Telecom Plus

(Alliance News) - Stock prices in London were set to open higher on Tuesday, following a positive session for equities in Hong Kong and Shanghai.

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26 Jun 2023 17:11

HSBC says to shift global headquarters to London finance district

(Alliance News) - Banking firm HSBC Holdings PLC will switch global headquarters to London's traditional City finance district, from its current Canary Wharf base in the east of the capital, it said Monday.

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26 Jun 2023 06:01

BT apologises for faults that hampered UK's 999 emergency call service

(Alliance News) - BT Group PLC has apologised "sincerely" for technical faults as the primary 999 emergency call service was restored.

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