The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBT Share News (BT.A)

Share Price Information for BT (BT.A)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 105.10
Bid: 105.00
Ask: 105.10
Change: 0.00 (0.00%)
Spread: 0.10 (0.095%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 105.10
BT.A Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK PM Johnson Set To Bar Huawei From Britain's 5G Network

Tue, 14th Jul 2020 06:58

(Alliance News) - UK Prime Minister Boris Johnson is set to bar the Chinese tech giant Huawei from playing any role in Britain's 5G network, triggering a renewed clash with Beijing.

Johnson is chairing a meeting on Tuesday of the National Security Council, which is expected to end any involvement by the firm in building the 5G system.

The decision – following intense pressure from both the US administration of Donald Trump and backbench Tory MPs – marks a major U-turn by the government.

In January, ministers announced Huawei could play a limited role in the 5G network, despite warnings that its equipment could be used by China for espionage or to disrupt the UK's critical national infrastructure.

However, it is expected that the government will now announce that no new Huawei equipment can be installed in the network from as early as next year.

It also expected to announce a so-called "rip out" date by which all the existing Huawei equipment must be removed.

Details will be set out by Culture Secretary Oliver Dowden in a Commons statement following the NSC meeting.

Meanwhile, it has been reported that the first of the Royal Navy's new aircraft carriers could be deployed to the Far East to counter growing Chinese assertiveness.

The Times reported plans were being drawn up for HMS Queen Elizabeth to take part in exercises in the region with the US and Japan, on its maiden grand voyage next year.

A Ministry of Defence spokesman said: "No decision has been made on HMS Queen Elizabeth's deployment."

Some Tory MPs have been pressing for a "rip out" deadline for Huawei to be set before the next general election – due in 2024 – amid fears of a lobbying campaign by the firm to reverse the decision.

BT Group PLC Chief Executive Philip Jansen warned on Monday that removing Huawei kit from the 5G network could take five to seven years, while taking it out of the entire UK telecoms network could require a decade.

Last week China's ambassador to the UK, Liu Xiaoming, urged the government not to shut out Huawei warning there would be "consequences" if Britain tried to treat China as a "hostile country".

Relations between the two countries were already under intense strain after Britain offered three million Hongkongers a path to settle in the UK following the imposition by Beijing of a new national security law on the former British colony.

While many MPs have urged the government to take a tough line with China, others fear the consequences of a prolonged stand-off at a time when the world economy is struggling to recover from the coronavirus crisis.

Ministers have indicated that they were forced to act over Huawei after the US imposed tough new sanctions banning the firm from using any American components in its products.

The National Cyber Security Centre – which previously supported the decision to allow it a limited role in the 5G network – is said to have advised that the move means its equipment could no longer be considered secure.

Ahead of the announcement Tory backbencher Bob Seely, who has acted as the co-ordinator of the 60-strong Huawei Interest Group of MPs – said members would be looking closely at both the proposed "new kit" and "rip out" deadlines.

He warned the government could face a backbench rebellion when the Telecoms Security Bill comes to the Commons later this year if they tried to push the "rip out" date to the end of the decade.

"If there isn't a date after which telecoms companies cannot install Huawei kit, parliamentarians will be concerned that Huawei and China could continue to insert kit whilst lobbying hard to reverse Government decisions," he said.

"On the other hand, an announcement of no new Huawei kit allowed within 12 months would reassure colleagues."

By Gavin Cordon, PA Whitehall Editor

source: PA

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
2 Feb 2024 12:27

Citi trims estimates on BT, reiterates 'buy' rating

(Sharecast News) - Citi has trimmed its fourth-quarter estimates for BT Group while reiterating its 'buy' rating.

Read more
1 Feb 2024 16:48

London close: Stocks turn lower as BoE keeps rates on hold

(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.

Read more
1 Feb 2024 08:50

LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

(Alliance News) - Stock prices in London opened mixed, ahead of the Bank of England's first interest rate decision of the year.

Read more
1 Feb 2024 08:46

TOP NEWS: BT says on track for full year after third-quarter rise

(Alliance News) - BT Group PLC on Thursday said it is on track to meet its guidance for its current financial year, after slight growth in revenue and earnings in the third quarter that was partly thanks to price hikes.

Read more
1 Feb 2024 07:42

LONDON BRIEFING: Shell profit falls; announces USD3.5 billion buyback

(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision.

Read more
1 Feb 2024 07:01

BT Group sees FY in line despite flat Q3 earnings

(Sharecast News) - BT Group reiterated annual guidance as it reported flat adjusted earnings for the third quarter and a rise in revenues driven by higher prices.

Read more
29 Jan 2024 11:10

BT adds Deutsche Telekom COO Raphael Kubler to board as representative

(Alliance News) - BT Group PLC on Monday said it appointed Raphael Kubler, chief operating officer of Deutsche Telekom AG, to its board as non-executive director, starting on Tuesday.

Read more
29 Jan 2024 07:43

LONDON BRIEFING: Superdry looks at saving costs; Ferrexpo loses case

(Alliance News) - Stocks in London are expected to start the week on a cautious note, as investors nervously look ahead to two key interest rate decisions.

Read more
29 Jan 2024 06:33

Tribunal to begin hearing GBP1.3 billion BT compensation case

(Alliance News) - A class action trial seeking GBP1.3 billion in compensation from BT Group PLC for more than three million customers is due to begin.

Read more
26 Jan 2024 13:29

UK dividends calendar - next 7 days

Monday 29 January 
J Smart & Co (Contractors) PLCdividend payment date
Mondi PLCex-dividend payment date
Tuesday 30 January 
no events scheduled 
Wednesday 31 January 
Albion Venture Capital Trust PLCdividend payment date
Amedeo Air Four Plus Ltddividend payment date
Artemis Alpha Trust PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
CT Private Equity Trust PLCdividend payment date
Doric Nimrod Air Three Ltddividend payment date
Doric Nimrod Air Two Ltddividend payment date
dotDigital Group PLCdividend payment date
DS Smith PLCdividend payment date
European Assets Trust PLCdividend payment date
Focusrite PLCdividend payment date
Lowland Investment Co PLCdividend payment date
Middlefield Canadian Income PCCdividend payment date
Mitie Group PLCdividend payment date
Shires Income PLCdividend payment date
Triad Group PLCdividend payment date
Thursday 1 February 
AEW UK REIT PLCex-dividend payment date
Albion Enterprise VCT PLCex-dividend payment date
Blackstone Loan Financing Ltdex-dividend payment date
British American Tobacco PLCdividend payment date
Capital Gearing Trust PLCex-dividend payment date
CC Japan Income & Growth Trust PLCex-dividend payment date
Coral Products PLCex-dividend payment date
Dunedin Income Growth Investment Trust PLCex-dividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCex-dividend payment date
Edinburgh Investment Trust PLCex-dividend payment date
F&C Investment Trust PLCdividend payment date
Henderson International Income Trust PLCex-dividend payment date
Hollywood Bowl Group PLCex-dividend payment date
IG Group Holdings PLCex-dividend payment date
Impellam Group PLCex-dividend payment date
JPMorgan Emerging Europe Middle East & Africa Securities PLCex-dividend payment date
JPMorgan Global Core Real Assets Ltdex-dividend payment date
JPMorgan Mid Capital Investment Trust PLCex-dividend payment date
JPMorgan UK Smaller Cos Investment Trust PLCex-dividend payment date
M&G Credit Income Investment Trust PLCex-dividend payment date
Marwyn Value Investors PLCex-dividend payment date
Mercantile Investment Trust PLCdividend payment date
Merchants Trust PLCex-dividend payment date
Paragon Banking Group PLCex-dividend payment date
PayPoint PLCex-dividend payment date
Polar Capital Global Financials Trust PLCex-dividend payment date
Polar Capital Global Healthcare Trust PLCex-dividend payment date
Schroder Oriental Income Fund Ltdex-dividend payment date
SSP Group PLCex-dividend payment date
Starwood European Real Estate Finance Ltdex-dividend payment date
Treatt PLCex-dividend payment date
United Utilities Group PLCdividend payment date
WH Smith PLCdividend payment date
Friday 2 February 
Baillie Gifford European Growth Trust PLCdividend payment date
Bisichi PLCdividend payment date
BT Group PLCdividend payment date
Cardiff Property PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
CT UK High Income Trust PLC - Class B dividend payment date
Diploma PLCdividend payment date
Dr Martens PLCdividend payment date
Experian PLCdividend payment date
Halma PLCdividend payment date
Jet2 PLCdividend payment date
Property Franchise Group PLCspecial dividend payment date
Qinetiq Group PLCdividend payment date
Severfield PLCdividend payment date
Thames Ventures VCT 1 PLCdividend payment date
Topps Tiles PLCdividend payment date
TwentyFour Income Fund Ltddividend payment date
TwentyFour Select Monthly Income Fund Ltddividend payment date
Vodafone Group PLCdividend payment date
Workspace Group PLCdividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
25 Jan 2024 15:06

UK earnings, trading statements calendar - next 7 days

Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
25 Jan 2024 13:00

Eight convicted in Italy over false accounting at BT subsidiary

MILAN, Jan 25 (Reuters) - An Italian court on Thursday convicted eight people after a lengthy trial into alleged false accounting at the Italian unit of British telecoms group BT in 2015 and 2016.

Read more
16 Jan 2024 06:06

BT's Plusnet hit by mass outage, broadband provider says

(Alliance News) - BT Group PLC subsidiary Plusnet has been hit by a "mass outage", the broadband provider has said.

Read more
15 Jan 2024 08:35

BT in talks with Musk's Starlink over rural broadband offering

(Sharecast News) - Telecommunications giant BT was said to be in discussions with Elon Musk's Starlink regarding a satellite phone and broadband offering aimed at servicing rural dead spots.

Read more
12 Jan 2024 00:01

UK supermarket Sainsbury's launches EV charging business

LONDON, Jan 12 (Reuters) - British supermarket group Sainsbury's has launched an electric vehicle (EV) charging business, targeting over 750 ultra-rapid charging bays in over 100 store car parks by the end of 2024.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.