focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Another wonderfully hopeless economist and X treasury civil servant, you'd think the job description for the role would at least require a background in media/telecoms. Ah well perhaps she'll move onto a role as a retail CEO and he hopeless at that as well.
You would hope it's for the employees, but phrases like long term incentive plans are normally associated with Execs and senior managers, regular staff would more likely have a sharesave scheme.
As stated no dividends for the shareholders but they're buying more shares for the long term incentive plan, "The purchase of existing shares relates to the Group's employee benefit trusts which acquire Kier shares from the market for use in settling the long term incentive plan ("LTIP") share schemes when they vest. The trusts purchased and sold shares at a net cost of £11.9m (HY22: £1.8m; FY22: £7.0m)."
So as per usual ensure the board are rewarded before the shareholders.
I couldn't see either AT&T or Verizon on any US list (Scaling back, digging in etc.), when I was at BT a few years ago they had conectivity into Russia. Same goes for Orange, again no mention on the France list.
https://www.proactiveinvestors.co.uk/companies/news/1005134/bt-s-full-fibre-pricing-plans-not-anti-competitive-is-ofcom-s-initial-view-1005134.html
This could be more good news for BT and not such good news for the Alt-nets, shame :-)
Very sad to see yet another company being mis managed from the top. I note the comment "The Group has a range of management actions that it continues to pursue to rebuild balance sheet resilience." which no doubt means cutting staff at the coal face while the execs remain collecting their long term share options and bonuses.
Just hope they get rid of some of the dead wood at the senior management level that's been in Global for years, delivered nothing but still in a job. No doubt they'll still be there when the final re-org is completed.
Could find any reference re the discretion of the Trustees in the members booklet online, only found this re
Pension increases
"The review period for pension increases is October to September in each year with the increase paid the
following April. Pensions in excess of the Guaranteed Minimum Pension (GMP) that have been in payment
for a full year at April will be increased in accordance with legislation and the Rules of the Scheme. Currently,
this means that pensions are increased in the same manner as public sector pensions (in line with the rise
in the Consumer Prices Index (CPI) as at the previous September). Pensions that have been in payment
for less than a full 12 months at April will receive a proportionate increase. As others have said fingers crossed
Telegraph reporting the 2 units are to merge to save costs
https://www.telegraph.co.uk/business/2022/11/26/bt-prepares-merger-struggling-business-units-purge-costs/
Does anyone else find it strange that there's no date associated with the initial dividend payment
I did hear the (was sad enough to scroll through the program on radio catch-up), it was on the morning breakfast show, but the guy they interviewed was from the company responsible for constructing the windfarm rather the UKW, Duncan Clark from Orsted
Which program were they on?
Seems the BT share price is once again drifting down with no obvious reason why. Nearly every day the price drops, albeit slightly, no matter what the market does. Struggling to understand why, yes BT has challenges but so do many other companies but few seem to be on the downward spiral that BT is stuck in.
Here's hoping the next set of numbers perk the price up again, though I guess we can look forward to more announcements from VM/O2 the day before the results are published.
The sad thing is there will be no winners in this, the staff will lose pay and pension contributions, BT will give a littlemore, the unions will claim victory, customers will suffer with a reduced level of service and the share price will drop. The additional pay the staff gain probably won't make up for the pay they've lost for a number of years, struggling to see how this is in anyone's benefit, a sad day for all involved.