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They did purchase a good chunk on Friday 5.5m of shares.
From today’s RNS: Following the above transaction, the Company holds 19,872,857 of its ordinary shares in treasury and has 3,629,054,608 shares in issue (excluding treasury shares).
So far they have bought back nearly 20 million shares.
Maybe 26th of April when trading update is due. I just hope is good enough.
Yesterday they bought back only 13234 shares and it was done between 8 and 9 in the morning. They must have taken the rest of the day off.
Shares trade ex-dividend on 31/03/2022 from Taylor Wimpey plc investor’s page.
Do you mean 2.7%?
Volume 19 million so far. Let’s hope some of it was buyback announced this morning.
There were two trades of 31 million shares each out of hours. Does anyone know if they were buy or sells?
(Sharecast News) - BT's downgrade cycle is in the past and a 'major rerating' is called for, JP Morgan said as the bank increased its price target for the telecoms group's shares and reiterated its 'overweight' rating.
The FTSE 100 company has suffered major downgrades over the past five years but Openreach, its network division, will power upgrades as earnings surge, JP Morgan said.
BT's earnings before interest, tax, depreciation and amortisation have fallen 16% to £7.4bn in the past half decade and operating free cash flow has plunged 45% to £3.3bn. But earnings are now forecast to revive to more than £7.9bn by March 2023, allowing cash flow to revive even as spending on fibre increases, JP Morgan said.
Openreach's asset base will grow from £14bn today to a peak of £23bn in the medium term, supporting a £1bn increase in the unit's earnings in the long run. BT's equity free cash flow will more than double to £3.3bn in 2031 from £1.3bn now, the bank predicted.
"Whilst such growth might seem heroic, note this simply restores EFCF back to levels last seen as recently as in 2017," JP Morgan analyst Akhil Dattani said in a note to investors.
Dattani increased his price target for BT shares to 230p from 175p based on an increased forecast of 19.31p earnings per share for 2022 and a £22bn sum of the parts valuation for Openreach. Though BT shares have gained 50% since October as investors have woken up to its prospects the shares are still 70% below their 2016 high of £5 a share, he added.
Dattani said catalysts for the shares to make gains include annual results, a pension update and lower costs in a Premiership rights auction. But he said a substantial rerating needs BT to convince investors of the long-term upside from fibre.
Private equity is increasingly interested in fibre and an option would be for BT to sell a stake in Openreach to demonstrate its value and to collateralise a stake with its pension fund to reduce costs.
https://newsroom.bt.com/hyperbat-accelerates-industry-40-with-world-first-5g-virtual-3d-engineering-model/
Hyperbat, one of the UK’s largest independent vehicle battery manufacturers based at Unipart Manufacturing in Coventry, is using the latest 5G enabled technology to significantly speed up the manufacturing process for hybrid and electric vehicle production in the UK.
Partnering with BT, Ericsson and NVIDIA, Hyperbat is set to benefit from a world first 5G Virtual Reality (VR) ‘digital twin’ solution which allows remote teams in different parts of the country to connect, collaborate and interact using a virtual 3D engineering model. By enabling dispersed teams across design, engineering and manufacturing to collaborate more efficiently, the technology is set to accelerate the pace of innovation within the UK manufacturing sector.
Hyperbat alongside its partners – BT, Ericsson,Qualcomm Technologies, NVIDIA, Masters of Pie and The Grid Factory - unveiled details of the solution at the NVIDIA GPU Technology Conference (GTC) demonstrating how it will reduce product cycle time between design, engineering and manufacturing teams based in Coventry and Oxfordshire.
The solution offers a world first untethered 5G native experience that will allow design and engineering teams to walk around and interact with a 3D lifesize model in real time through a single self-contained device, and without the constraints of a physical connection. Hyperbat colleagues in different locations will be able to work with a 1:1 product scale hologram of the design in-situ on the factory floor, review designs in real time, and manage workflows much more effectively.
The solution comprising high bandwidth and low latency 5G connectivity, integrated by Ericsson’s D-15 Lab in Santa Clara, California, will enable Hyperbat to deliver engineering projects at scale. This will empower teams to improve build efficiency within its manufacturing processes, whilst removing current complexities between product management systems, supply chain and factory operations.
The 5G VR digital twin solution will be deployed by BT and Ericsson on a 5G mobile private network, using the world’s first 5G-enabled VR headset powered by the Qualcomm® Snapdragon™ XR2 Platform. The VR headset will run on the Masters of Pie Radical platform, enabling Hyperbat to use cloud-based virtual reality within computer-aided design (CAD) software. Using high performance edge compute, the solution also includes cutting-edge hardware and software from NVIDIA to seamlessly integrate into existing factory floor operations. Qualcomm’s VR headset incorporates split rendering where all the perception-based data is held locally on the device, but the computing is handled in the cloud and streamed by the NVIDIA CloudXR and solutions. This helps to achieve a seamless, high fidelity VR experience that produces a real-life experience for the manufacturing teams.
https://news.sky.com/story/amp/pm-to-hold-talks-with-bosses-amid-unrest-over-industrial-strategy-abolition-12255243
Boris Johnson will hold talks next week with dozens of Britain's leading businesspeople amid unease at the government's decision to scrap its commitment to an industrial strategy.
Sky News has learnt that the prime minister's Build Back Better Council will meet next Tuesday, with the chancellor and business secretary also expected to attend.
The council comprises 30 of the UK's top corporate bosses, including Philip Jansen, the BT Group chief executive; Lord Deighton, Heathrow Airport chairman; Dame Carolyn McCall, ITV chief executive; and Charlotte Hogg, who runs Visa's European operations.
https://www.thetimes.co.uk/article/melanie-dawes-broadband-revolution-at-ofcom-w8q29fncf
The regulator’s boss wants us all to have ultra-fast internet. But will some customers pay more?
Melanie Dawes has yet to meet many staff at the regulator — she joined weeks before the first lockdown
Melanie Dawes has yet to meet many staff at the regulator — she joined weeks before the first lockdown
TIMES PHOTOGRAPHER JACK HILL
Jamie Nimmo
Sunday March 21 2021, 12.01am, The Sunday Times
Dame Melanie Dawes has a confession. While the Ofcom boss has had no problems with her home broadband during lockdown, she does not have “full fibre” — the fastest internet access.
“We’ve had two people working, we’ve had homeschooling going on and plenty of streaming, it’s stood up well,” said Dawes last week over a crisp connection from her London home, connected to the internet partially through ageing copper telephone lines — a system known as “fibre to the cabinet” (FTTC).
Dawes was hailed on Thursday for helping to lay the groundwork for what some think could be Britain’s long-awaited full-fibre broadband revolution. In a landmark Ofcom review, she decided against imposing price caps for at least the next decade, and possibly beyond, on full