Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 142.55
Bid: 143.10
Ask: 143.20
Change: 1.30 (0.92%)
Spread: 0.10 (0.07%)
Open: 141.55
High: 144.20
Low: 141.55
Prev. Close: 141.25
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

UPDATE 2-UK set to ban Huawei from 5G, angering China and pleasing Trump

Tue, 14th Jul 2020 08:45

* PM Johnson to chair National Security Council

* End of 'golden era' as UK set to ban Huawei

* Timing and extent of ban is unclear

* China has warned UK against banning Huawei

* United States wants UK to ban Huawei
(Adds detail)

By Paul Sandle and Guy Faulconbridge

LONDON, July 14 (Reuters) - Prime Minister Boris Johnson is
set to ban Huawei from Britain's 5G network on Tuesday, angering
China but delighting U.S. President Donald Trump by signalling
that the world's biggest telecoms equipment maker is no longer
welcome in the West.

The United States has pushed Johnson to reverse his January
decision to grant Huawei a limited role in 5G, while London has
been dismayed by a crackdown in Hong Kong and the perception
China did not tell the whole truth over the coronavirus.

Now, as Britain prepares to cast off from the European
Union, Johnson will risk the ire of the world's second largest
economy by ordering a purge of Huawei equipment which the United
States says could be used to spy on the West.

Johnson chaired a meeting of Britain's National Security
Council (NSC) on Tuesday morning to discuss Huawei. Media
Secretary Oliver Dowden will announce the decision to the House
of Commons at around 1130 GMT.

The immediate excuse for the about turn in policy is the
impact of new U.S. sanctions on chip technology, which London
says affects Huawei's ability to remain a reliable supplier.

"Obviously the context has changed slightly with some of the
sanctions that the U.S. has brought in," Environment Secretary
George Eustice told Sky News when asked about Huawei.

In what some have compared to the Cold War antagonism with
the Soviet Union, the United States is worried that 5G dominance
is a milestone towards Chinese technological supremacy that
could define the geopolitics of the 21st century.

With faster data and increased capacity, 5G will become the
nervous system of the future economy - carrying data on
everything from global financial flows to critical
infrastructure such as energy, defence and transport.

After Australia first recognised the destructive power of 5G
if hijacked by a hostile state, the West has become steadily
more worried about Huawei. https://www.reuters.com/investigates/special-report/huawei-usa-campaign/

White House national security adviser Robert O'Brien is
meeting representatives of France, the UK, Germany and Italy in
Paris this week to discuss security, including 5G.

UK Telecoms firms already had to cap Huawei's role in 5G at
35% by 2023. Reducing it to zero over another two to four years
is now being discussed, though going too fast could disrupt
services and prove costly.

The West is trying to create a group of rivals to Huawei to
build 5G networks. Other large-scale telecoms equipment
suppliers are Sweden's Ericsson and Finland's Nokia
.

END OF 'GOLDEN ERA'?

Hanging up on Huawei, founded by a former People's
Liberation Army engineer in 1987, marks the end of what former
Prime Minister David Cameron cast as a "golden era" in ties,
with Britain as Europe's top destination for Chinese capital.

Cameron toasted the relationship over a beer with President
Xi Jinping in an English pub, which was later bought by a
Chinese firm.

Trump, though, has repeatedly asked London to ban Huawei
which Washington calls an agent of the Chinese Communist state -
an argument that has support in Johnson's Conservative Party.

Huawei denies it spies for China and has said the United
States wants to frustrate its growth because no U.S. company
could offer the same range of technology at a competitive price.

China says banning one of its flagship global technology
companies would have far-reaching ramifications.

In January, Johnson defied Trump by allowing what he called
high-risk companies' involvement in 5G, capped at 35%.

Huawei and customers including BT, Vodafone
and Three are waiting to see how extensive the new ban
will be and how quickly it will be implemented, with hundreds of
millions of pounds riding on the outcome.

(Writing by Paul Sandle and Guy Faulconbridge
Editing by William Maclean and Peter Graff)

More News
3 Nov 2023 09:31

LONDON BROKER RATINGS: JPMorgan lifts Smith & Nephew

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

Read more
2 Nov 2023 16:58

LONDON MARKET CLOSE: Stocks buoyant as investors bet rates have peaked

(Alliance News) - Stocks prices soared in London on Thursday as investors bet interest rates have peaked despite the best efforts of central bank officials to curb expectations.

Read more
2 Nov 2023 15:12

London close: Stocks rise as BoE keeps rates steady

(Sharecast News) - London's stock markets ended the day on a positive note on Thursday, following the Bank of England's decision to maintain interest rates as markets widely expected.

Read more
2 Nov 2023 12:21

LONDON MARKET MIDDAY: Pound up as BoE warns on higher rates for longer

(Alliance News) - Stocks in Europe went into the afternoon on the up, while the pound also rose, as the Bank of England cautioned that monetary policy will need to be "sufficiently restrictive for sufficiently long".

Read more
2 Nov 2023 09:07

LONDON MARKET OPEN: BT rises on profit jump; Trainline shines

(Alliance News) - European markets rallied on Thursday following the US interest rate hold, and the FTSE 100 was no exception, with investors anticipating a similar move from the Bank of England later in the day.

Read more
2 Nov 2023 09:01

TOP NEWS: BT has "bright future" as interim profit climbs 29%

(Alliance News) - BT Group PLC on Thursday reported a jump in profit, placing the company in a good position ready for its new chief executive officer.

Read more
2 Nov 2023 07:28

BT upbeat on full-year prospects after first half growth

(Sharecast News) - BT Group said on Thursday that it was now expecting a full-year turnout at the top end of its guidance range after recording growth in revenue and earnings in the first half.

Read more
26 Oct 2023 15:47

UK earnings, trading statements calendar - next 7 days

Friday 27 October 
International Consolidated Airlines Group SAQ3 Results
NatWest Group PLCQ3 Results
Monday 30 October 
Airtel Africa PLCHalf Year Results
Computacenter PLCTrading Statement
Glencore PLCTrading Statement
HSBC Holdings PLCQ3 Results
Lok'n Store Group PLCFull Year Results
Pearson PLCTrading Statement
Tuesday 31 October 
BP PLCQ3 Results
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCFull Year Results
Georgia Capital PLCQ3 Results
Grit Real Estate Income Group LtdFull Year Results
RHI Magnesita NVTrading Statement
Spectris PLCQ3 Results
TP ICAP Group PLCTrading Statement
UP Global Sourcing Holdings PLCFull Year Results
Wednesday 1 November 
Asos PLCFull Year Results
Aston Martin Lagonda Global Holdings PLCQ3 Results
Beximco Pharmaceuticals LtdFull Year Results
GSK PLCQ3 Results
Next PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Weir Group PLCTrading Statement
Thursday 2 November 
BT Group PLCHalf Year Results
Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
17 Oct 2023 09:21

LONDON BROKER RATINGS: SocGen cuts HSBC to sell; DB down on utilities

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

Read more
4 Oct 2023 09:52

LONDON BROKER RATINGS: Goldman likes Relx; Jefferies likes Aviva

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

Read more
2 Oct 2023 13:06

Broker tips: BAE Systems, BT, Future

(Sharecast News) - Berenberg upgraded defence contractor BAE Systems on Monday to 'buy' from 'hold' and lifted the price target to 1,170p from 1,050p.

Read more
2 Oct 2023 09:41

LONDON BROKER RATINGS: Morgan Stanley cuts NatWest; PageGroup raised

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

Read more
2 Oct 2023 09:02

Berenberg gives five reasons not to invest in BT

(Sharecast News) - Berenberg has slashed its target price for telecoms giant BT by 10% and reiterated its 'hold' stance, highlighting five key reasons why investors should not invest just quite yet.

Read more
26 Sep 2023 10:45

BT announces regional rollout plans for digital landline switchover

(Alliance News) - BT Group PLC has confirmed the next phase of its rollout of Digital Voice, its new home phone service to replace existing analogue landlines, with the scheme coming to the North West and London later this year.

Read more
14 Sep 2023 08:25

Smith & Nephew brings BT Chief Financial Officer Simon Lowth to board

(Alliance News) - Smith & Nephew PLC on Thursday announced that BT Group PLC's chief financial officer, Simon Lowth, will join the board as independent non-executive director on January 1.

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.