BT pledges double-digit dividends until 2018 as full year profits and revenues climb May 5, 2016 Revenues and profits at BT have risen during a "landmark year" for the business – the best performance in seven years – and pledged double-digit dividends as far as 2018. Investors were pleased with the news: BT's share price was up 3.2 per cent in early trading. The figures Revenues for the full year climbed [...]
BT to invest £6bn in fibre, 4G and customer service May 5, 2016 Telecoms giant BT has pledged to invest "around" £6bn over the next three years to ramp up the UK's superfast broadband and 4G coverage. The group, which revealed strong results this morning and the promise of double-digit dividends for the next couple of years, said the investment would lift the country's coverage beyond 95 per cent of the country [...]
Deutsche Telekom’s share price slumps despite staying on target for full year numbers May 4, 2016 A strong performance in the US has failed to prop up German carrier Deutsche Telekom's share price this morning. Revenue and profits managed to beat estimates, with adjusted earnings climbing to €5.16bn (£4.1bn), against analyst expectations of €5.1bn and up 12.9 per cent year-on-year. Sales rose by 4.7 per cent to €17.6bn, versus analysts’ estimates of €17.5bn. The company also said it was on [...]
Report commissioned by Channel 4 argues privatising broadcaster would be “overwhelmingly negative” May 4, 2016 Privatising Channel 4 would be “overwhelmingly negative” and could attract a maximum £500m, according to a new report commissioned by the broadcaster. The government is currently considering whether to sell off the channel, which is publicly owned but privately funded. Culture secretary John Whittingdale recently talked up the prospect of selling Channel 4, saying it [...]
Advertising watchdog to crack down on broadband pricing after finding customers were often left confused May 4, 2016 The advertising regulator, the Advertising Standards Authority (ASA), is cracking down on broadband price claims. The changes, which will come into force on 31 October 2016, force companies to include line rental in the final price shown to customers. Earlier this year the ASA found many customers were confused by the way prices were presented, with [...]
TalkTalk reveals plans to scrap separate line rental charge in UK industry first May 3, 2016 TalkTalk, the telecoms company that was last year the victim of a high profile data leak, has announced it will soon stop separating out line rental from broadband prices. The move, which will come into force in the Autumn this year, comes ahead of a crack down by the Advertising Standards Authority (ASA) on price transparency this week. The fiercely competitive [...]
Week ahead: Data and results set to keep UK investors busy as PMIs and supermarket results come thick and fast May 3, 2016 First quarter earnings season as well as a constant flow of economic data is set to keep investors busy all this week. The FTSE is coming off the back of a disappointing session after it closed down 80.51 points at 6241.89 on Friday following underwhelming results from some of the UK’s top banks. This week that [...]
BT has hiked prices for thousands of TV, phone and broadband customers April 29, 2016 If you're a BT customer, get ready to sweat a bit as you open that bill. The company has hiked prices for thousands of customers – while promising its users that service is about to improve. The telecoms giant said line rental and the cost of its BT Sport package will both rise by £1, while the [...]
Want to work in the tech sector? These are the UK’s highest-paying tech firms April 29, 2016 Thinking of going into finance? The tech sector just might pay better, if new research is anything to go by. It turns out that not only do tech giants such as Apple, Amazon and Google offer great benefits – free lunches, flexible holiday allowances, egg freezing – but the salaries they pay rival anything a bank can throw [...]
Virgin Media pledges fibre broadband expansion to one million premises by 2019 April 27, 2016 Virgin Media has announced that it will be rolling out fibre-to-the-premises (FTTP) broadband for one million homes and businesses over the next few years. The plans are part of Virgin Media’s £3bn expansion to grow its overall network by four million premises by 2019. Rivals BT and Sky are currently trialling FTTP or deploying it in smaller [...]