Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video 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: 105.00
Bid: 104.90
Ask: 105.00
Change: -0.25 (-0.24%)
Spread: 0.10 (0.095%)
Open: 105.40
High: 105.40
Low: 104.35
Prev. Close: 105.25
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 WINNERS AND LOSERS: BT Hit By Cost, Pension Plan Concerns

Fri, 30th Jan 2015 12:00

LONDON (Alliance News) -
-------
FTSE 100 WINNERS
-------
Fresnillo, up 4.0%, Randgold Resources, up 2.3%, Anglo American, up 1.8%. The miners' shares have risen on the back of an increase in the price of gold. The precious metal is currently quoted at USD1,263.50 an ounce.

Dixons Carphone, up 1.8%. Exane BNP has raised the group's price target to 520 pence from 510p, keeping its rating to Outperform.

Centrica, up 0.9%. UBS has raised the company's rating to Neutral from Sell, cutting its price target to 275p from 280p.

WPP, up 0.8%. Barclays has raised the Media buying giant price target to 1650p from 1500p, keeping its rating at Overweight.
-------
FTSE 100 LOSERS
-------
BT Group, down 2.2%. The company reported a strong increase in third-quarter pretax profit that beat analysts' expectations, but saw its shares drop as it agreed a 16-year recovery plan to plug its pension scheme deficit, including pumping in GBP2.0 billion over the next three years. The telecommunications company, which is in talks to acquire the UK's largest mobile network EE, said it is making good progress on due diligence, but declined to give any further updates on the takeover. It also declined to give details on its bidding stance for the upcoming Premier League football TV rights, other than to say it is determined not to overpay. That left questions over its future cost base.

Diageo, down 2%. The drinks group has emerged among a group of blue-chip companies interested in taking over the headline sponsorship of the English Premier League at the end of next season, Sky News reported on Thursday. It has emerged as a potential bidder for the sponsorship deal, thought to be worth more than GBP150 million, alongside incumbent sponsor Barclays PLC, Sky said. Shares in the company were among the biggest risers in FTSE 100 on Thursday, even though it reported that first-half sales came in slightly lower than analysts' expectations for flat organic net sales, as sales improved in its second quarter.

Royal Dutch Shell, down 1.3%. HSBC has cut its Shell A price target to 2,200p from 2,300p, changing its rating to Neutral from Overweight, while cutting its Shell B price target to 2,300p from 2,360p. Investec has also cut the oil major's price target to 2,100p from 2,250p. The cuts come in the wake of Shell's announcement Thursday that it will slash spending in response to falling oil prices.
-------
FTSE 250 WINNERS
-------
Afren, up 20%. Shares in the company have moved sharply higher as investors await the deadline for SEPLAT Petroleum Development Co's decision over a potential merger, which is expected at 1700 GMT Friday. The rise comes after a period of sustained weakness for the oil and gas explorer. Its shares are down by approximately 20% since the end of last week, and around 88% since the beginning of 2015.

Petrofac, up 4.1%. JP Morgan has initiated coverage of the company with an 851p price target and an Overweight rating.

WH Smith, up 1.6%. Exane BNP has raised the group's price target to 1,500p from 1,250p, keeping its rating at Outperform.

Britvic, up 1.0%. Goldman added the Fruit Shoot and Pepsi Max maker to its Conviction Buy List from previous Buy rating, with its target price at 820p.
-------
FTSE 250 LOSERS
-------
Cobham, down 3.6%. Berenberg has cut its price target on the company to 317p, from 325p, keeping its rating at Hold.

Nostrum Oil & Gas, down 1.4%. The company said KazStroyService Global BV has transferred its Nostrum shares into two affiliate companies, one of which has signed a deal to continue its relationship agreement with Nostrum. KazStroyService transferred 48.3 million shares to Mayfair Investments BV, a company indirectly owned by the three main shareholders of KazStroyService, and 1.7 million shares to its other shareholder.
-------
AIM ALL-SHARE WINNERS
-------
Weatherly International, up 87%. The miner said that progress at its Tschudi copper mining project in Namibia is ahead of schedule, with first copper forecast to be produced in February 2015. The company said over 80,000 tonnes of ore has been stacked at Tschudi, and its first seven cells are being irrigated with sulphuric acid.

UK Oil & Gas Investments, up 16%. The group said it has signed an alliance and consulting services agreement with US company NUTECH Energy Alliance Ltd in order to maximise the potential value of the Horse Hill license areas in the UK. NUTECH is an oil service provider specialising in reservoir evaluation and optimisation and will assess the reservoir parameters at the Horse Hill development, including the amount of oil in place and rock mechanical properties, said UK Oil.

ASOS, up 15%. Exane BNP has raised the online fashion retailer's rating to Outperform from Neutral, and price target to 4,000p from 2,600p.

Aurora Russia, up 13%. The company said Friday it has sold its 24.3% shareholding in Russian DIY retailer Superstroy through an intermediate company, Grindelia Holdings Ltd, for GBP680,000. Aurora said that due to the "current circumstances" in the region, and specifically at Superstroy, it will require substantial restructuring to return the retailer to profitability. As a result, it believes the proceeds it achieved were "as good as the company could realistically expect to obtain".
-------
AIM ALL-SHARE LOSERS
-------
Ashley House, down 30%. The company said that its likely to post a pretax loss for its full year, after it reported a widened pretax loss for its first half due to significant investment made into establishing its Extra Care fund and ongoing challenges in its healthcare business. It also expects to post a full-year pretax loss as a result of the newly established fund being incorporated into its business as a subsidiary.

Rambler Metals & Minning, off 30%. The company said it has implemented a revised plan for the Ming copper-gold mine in order to cut costs and said it has faced further issues in the dilution of ore production stopes at the site. In response to the problems, the group has implementing cost-cutting measures, including laying off employees, along with the suspension of all non-critical spending plans. It said the review of the costs at the site is ongoing.

Red Leopard Holdings, down 22.6%. The group reported further problems at the Idora Mine in the US state of Idaho. Red Leopard said rock falls have been discovered further inside the tunnel, hindering access to the ore body and therefore preventing any sampling activity.

By Daniel Ruiz; danielruiz@alliancenews.com

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.

Read more
4 Apr 2024 11:56

BT Group shares ripe for a re-rating, says JPMorgan

(Sharecast News) - Shares of BT Group appear heavily undervalued and "ripe for a major re-rating", JPMorgan Cazenove said in a note on Thursday.

Read more
4 Apr 2024 08:47

LONDON MARKET OPEN: Shares rise despite US interest rate unease

(Alliance News) - London's FTSE 100 edged higher on Thursday morning, despite lingering US interest rate worries hanging over equities, while gold notched another record high in earlier trade.

Read more
2 Apr 2024 12:24

Heathrow executive Emma Gilthorpe to take the helm at Royal Mail

(Alliance News) - International Distributions Services PLC's Royal Mail has ended its hunt for a new top boss after appointing Heathrow Airport senior executive Emma Gilthorpe to the helm at a crucial time for the postal service.

Read more
28 Mar 2024 15:46

IN BRIEF: BT Group CEO Allison Kirkby buys GBP55,000 in shares

BT Group PLC - London-based telecommunications operator - Chief Executive Allison Kirkby buys 50,000 shares at GBP1.09 each, worth GBP54,500, in London on Thursday.

Read more
4 Mar 2024 11:52

LONDON MARKET MIDDAY: Stocks mostly lower ahead of UK Spring budget

(Alliance News) - Stock prices in London were mostly lower at midday Monday, as the week started off on a quiet note ahead of a busy week of monetary policy decisions and economic data from across the globe.

Read more
4 Mar 2024 08:59

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

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

Read more
4 Mar 2024 07:41

LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

Read more
21 Feb 2024 15:01

London close: Stocks mixed ahead of Fed minutes, Nvidia results

(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors awaited updates from the US Federal Reserve and results from AI chipmaker Nvidia.

Read more
21 Feb 2024 09:45

Iconic BT Tower to be turned into hotel in £275m deal

(Sharecast News) - BT Group said on Wednesday that it has agreed to sell the BT Tower to MCR Hotels for £275m.

Read more
21 Feb 2024 09:03

BT Group to sell BT Tower to MCR Hotels for GBP275 million

(Alliance News) - BT Group PLC on Wednesday said that it has agreed to sell the BT Tower to MCR Hotels, which plans to preserve the building as a landmark hotel.

Read more
20 Feb 2024 17:25

IN BRIEF: BT CEO Allison Kirkby buys GBP428,000 in shares

BT Group PLC - London-based telecommunications operator - Chief Executive Allison Kirkby buys 400,000 shares at GBP1.07 each, worth GBP428,000, in London on Tuesday.

Read more
14 Feb 2024 15:17

PRESS: Brussels open to telecoms mergers to support investment - FT

(Alliance News) - Brussels has signalled it is open to European telecoms mergers to help fund the rollout of 5G and update ageing networks, a report said Wednesday.

Read more
2 Feb 2024 16:59

London close: Stocks mixed as US payrolls come in red-hot

(Sharecast News) - London's stock markets closed with mixed results on Friday, as investors were confronted by an unexpectedly strong US labour market as revealed in the latest US non-farm payrolls report.

Read more
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

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.