RE: Late June to currently ...14 Aug 2021 18:00
Velo
There were comments attributed to Drahi that he didn’t feel the need to float openreach. I don’t know if those comments were accurate. But I believe the market wants BT broken up, so that could be a reason for a retrace.
Alternatively, he probably knew that those comments would knock the sp and therefore drive any takeover price down. Guess he is playing the long game, but I don’t know if that fits with his MO