‘It can be spaghetti out there’: can Cityfibre take on BT? telecoms The UK’s altnet industry is a tangled mess of “spaghetti” – at least, that’s how the boss of Cityfibre put it earlier this year. Altnets, or alternative networks, such as Cityfibre, Gigaclear and Community Fibre, have emerged as competitors to the UK’s broadband giants Virgin Media O2 and Openreach. Despite their smaller scale, they have [...]
BT drags down FTSE 100 after shares slump telecoms BT shares slumped five per cent in early deals this morning after it was revealed that Sky had struck a broadband deal with one of its biggest rivals. Shares in the FTSE 100 telecoms giant extended losses to trade as low as seven per cent by mid-day. The stock’s performance dragged down the wider FTSE [...]
BT shares jump after Altice sells 24.5 per cent stake in FTSE 100 giant to Bharti telecoms BT shares jumped 6.4 per cent after the market opened this morning after it emerged that its largest shareholder, Altice, had agreed to sell its stake in the business. The FTSE 100 giant’s largest shareholder agreed to sell its 24.5 per cent stake in the telecoms company to Indian conglomerate Bharti. Altice, which has struggled [...]
FTSE 100 bounces back into green after tech sell-off July 26, 2024 FTSE 100 stocks have taken a dive this morning after a set of poor earnings reports and American markets suffering their worst day in two years.
BT shares slump after FTSE 100 company reports drop in revenue July 25, 2024 BT shares opened lower by 3.9 per cent this morning after the company posted a decline in revenue for its first quarter. The company reported total revenue of £5.05bn in its first quarter of trading, a two per cent decline from the same period in 2023 and slightly south of consensus estimates. The giant said [...]
BT: FTSE 100 giant’s majority shareholder Altice may be forced to sell stake as debt concerns grow July 21, 2024 The company initially built an 18 per cent stake in BT in 2021 using so-called funded equity collars. These combine bank loans and derivatives to help investors buy positions using borrowing money while hedging downside exposure.
‘Lessen competition and deter investment’: BT lashes out at Vodafone-Three UK deal June 14, 2024 The regulator has been gathering responses to its investigation into Vodafone and Three UK's tie-up.
Latin America’s richest man takes £400m stake in BT June 12, 2024 Analysts said the move reflects the "good recent momentum" for BT, especially after chief Alison Kirkby recently revealed a £3bn cost-saving initiative.
Buy in May, don’t go away? Meet the month’s favourite FTSE 100 stocks May 31, 2024 "Sell in May and go away" might be a favourite saying of the City, but stocks on the FTSE 100 have seemingly ignored it, surging ahead throughout the month.
BT fined millions for failing to give customers contract information May 22, 2024 BT refeused to make the changes even after it was told to by the regulator.