Member Info for bakerboy83

E&L is the legal firm that represents Bonnier in the Candy case.

Also, from reading the RNS, these are shown as indirect voting rights - so I don't think any shares have exchanged hands.

This is just a consortium of shareholders - headed up by Bonnier... which I don't think is a good thing personally.

I can confirm the 2020 SaveShare scheme was 92p for 3yr, and 82p for 5yr plan.

The 2020 scheme was the last one that BT offered, as they have indefinitely suspended the SaveShare schemes to cut costs.

This is an example of how the Team Members (CWU) and Managers (Prospect) have been treated differently over recent years

*For our Team Members across all our brands in the UK, we will be offering an annual pay increase of 1.5% effective from 1 July 2020.
*After careful thought, we’ve decided that this year there will be no pay increase for our managers across the BT Group. I understand this will be disappointing for many of you, but in times of challenge we all have to do what we can to look after the whole of BT.

Nope, have always been within the pay scale lower/upper limits. What they class as the "management" grades also includes the professionals/specialists without management responsibilities.

We're covered by the Prospect Union, and not the CWU. Whilst the CWU/Team members continued to get pay rises and one-off payments, our grades didn't.

Internally this pay offer hasn't gone down well with the Prospect members at all.

"Personally don't agree with this level of rise at BT or any other company. I would rather see a one off payment and then say review the following year when inflation should be less."

For a lot of employees in BT (myself included), prior to this year, hadn't received any pay rise since 2019. So that's 3-years of inflation that had eroded our pay.

It's available on YouTube - just search on the video code FKr6CnViB6M

Here are a couple of the FAQ answers in relation to the suspension of the SaveShare scheme.

7) Philip’s email says it’s because of costs – what costs?
Aside from the costs associated with administering the plans, there are annual
accounting costs of c.£40m for the operation of BT’s saveshare plans. This
accounting cost is principally due to the share price discount offered.

8) Will you be changing saveshare when the plans are reintroduced?
We will be reviewing the saveshare plans (including savings terms and limits) while the
plans are suspended and will advise colleagues of the terms when the plans are
reintroduced.

"never been 11%"

I work for BT, and missed out on the DB scheme by 6-months, as it was closed on April 2001 as I joined in the September. So I've been in the DC from the very beginning, and can confirm that BT did/do pay 11% contribution. The 11% has been grandfathered so if you were in receipt in the 11% BT contribution you would be continue to receive it. But if at anytime you reduced your Pension contribution you would only be eligible for the new 10%.

@jimtom, although not a payrise last year they did get £1000 bonus, plus £500 in free shares.

Reduced the costs (which I presume will be shared with Warner Bros. Discover), whilst securing 187 out of 204 games. Sounds like a good deal to me.

"So bad payrise across the board. Bonuses were sub-par and no share plans this year, yet PJ gets over 3mil? Thats fair right, no wonder morale is an all time low."

Not sure what part of BT you work in, unless Global, but the BT scorecard for bonus was 100%. Most people I know got their OTB (some more, and some less based on their personal performance).

So given the current climate, and the fact that not all employers are giving payrises (my wife hasn't had one) - the 4% (for a career level E) and 10% OTB is not to be sniffed at.

Would I like a 10% inflation matching payrise - hell yeah, but we need to be realistic.

"Just shows though doesn't it. How useless Prospect are, mangers got awarded 2.5-3% pay rise and were told to accept it or get nothing, Prospect didn't bat an eyelid or fight.
OR and call centres team member grades get offered 5% which I agree is not enough, but at least they have the power to do something about it. No wonder so many are leaving Prospect, all talk but do F all"

5% of £22k is less than 3% of £45k.

As a BT employee "manager/professional" grade myself, I don't need the same % increase as the Team Members. Also don't forget that the manager/professional grade typically get a 10% OTB as well on top.

"Plusnet £33 for 18 months, £53 there after. Sure beats the hell out of BT at £81 for same service."

You do realise that BT own Plusnet...

Are we not in a close period due to the upcoming AGM/Trading update on the 18th July?

Added a few more today as well.

I'm now out of additional funds until the end of the month. My sofa doesn't seem to be fruitful as Tobin's... LOL

My parents (both over 65) are off to see Top Gun tomorrow - and it's been a while since they were cinema goers. So something must be working in the promotion/advertising campaigns.

I'm never any good at trading the peaks and troughs... I always buy & sell at the wrong times LOL.

I'm planning on staying here to the end. I was at one point -95% down so just pretty much just wrote it off and forgot about them for a few years.

This is what's niggling me... why sell out now when there has been numerous TO rumours at ~£30. Unless those are just that, rumours to try and get best price to get out :(

I've been here a long time (since the 18p - pre-consolidation days), and have averaged up along the way with my last purchase in the 20's.

Something feels off

Someone has just shifted 25k shares ~£380k... could be the reason

Some nice chunky buys of 1000~2500 shares this afternoon.