Last checked at 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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Share Price Information for BT (BT.A)
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Share Price:
142.55
Bid:
132.00
Ask:
147.80
Change:
0.00 (0.00%)
Spread:
15.80 (11.97%)
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Don't have an account? Click here to register.UK govt admits return of mobile roaming charges in no-deal Brexit
Thu, 07th Feb 2019 11:55
(Sharecast News) - Britons face a return to exorbitant mobile phone roaming charges if the UK crashes out of the EU without a deal, the government admitted on Thursday.The move was confirmed by Culture, Media and Sport Secretary Jeremy Wright after he was summoned to parliament to answer an emergency question tabled by Labour deputy leader Tom Watson.A government regulation was laid unannounced in parliament on Tuesday that would revoke the existing law that guarantees no extra charges for mobile phone usage within the 28 member bloc.Watson accused the government of caving in to the "lobbying might of telecoms companies" after it emerged that it had rejected calls from consumer bodies to maintain the current regime.In an explanatory note to go with the legislation, the government said it had decided "not to adopt this proposal"."The Roaming Regulation establishes harmonised rules across the EU which underpin surcharge-free roaming, and these will become inoperable after exit. In addition, the costs of regulating retail roaming charges without harmonised wholesale charges may lead to roaming becoming unaffordable for many operators." it stated.Wright said operators have claimed they had no plans to increase tariffs after March 29, when Britain leaves the EU, although Watson expressed scepticism that they would stick to this arrangement."He and I both know, and more importantly voters know, what that phrase really means. The reason the EU introduced free roaming in the first place is because the telecoms companies could not be trusted to give consumers a fair deal," Watson said."This is how holidaymakers have been hit by Brexit chaos. First, the value of the pound has plummeted, thus increasing the cost of family holidays. Secondly, we will have to pay for visas to travel to the EU. Thirdly, we will be hit by a Brexit bill to use our mobiles abroad.""If the Secretary of State does not want to go down in history as the Minister for the Tory triple whammy tourist tax, I suggest that he adopts a different course."Roaming charges were axed in 2017 after the EU concluded operators were taking advantage of consumers who used their phones abroad. The move had been initially opposed during consultations by the the Labour government of Tony Blair, which was heavily lobbied by the industry.
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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%.
Read more23 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.
Read more23 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.
Read more22 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.
Read more22 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".
Read more22 May 2023 09:23
LONDON BROKER RATINGS: Citigroup cuts Sainsbury to 'neutral'
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read more22 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.
Read more22 May 2023 07:17
Broker tips: BT Group, Hill & Smith
(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".
Read more19 May 2023 12:14
LONDON MARKET MIDDAY: European equities up on hopes of US debt deal
(Alliance News) - Stock prices in London were higher at midday on Friday, with markets upbeat following a positive consumer confidence reading in the UK and amid growing hopes of a debt ceiling deal in the US.
Read more19 May 2023 09:07
LONDON BROKER RATINGS: RBC raises St James's Place to 'outperform'
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more18 May 2023 17:27
European stocks climb on U.S. debt ceiling optimism
German DAX rallies to fresh Jan 2022 highs
*Read more18 May 2023 17:18
UK equities rise on upbeat global mood; Burberry, BT Group lag
Burberry down after reporting U.S. sales drop
*Read more18 May 2023 16:56
LONDON MARKET CLOSE: Stocks up and dollar boosted by hawkish Fed bets
(Alliance News) - London's FTSE 100 ended higher on Thursday, continuing a slightly up-and-down week, helped by a weaker pound, as a rally in the dollar on an unwinding of doveish Federal Reserve bets continuing.
Read more18 May 2023 12:33
LONDON MARKET MIDDAY: Stocks and dollar up on US debt ceiling optimism
(Alliance News) - Stock prices in London were higher at midday on Thursday as growing confidence about US debt ceiling negotiations helped to lift market mood, buttressed by some strong individual shares performances from the likes of Aston Martin and Genuit.
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