|Bid||229.60 x 11700|
|Ask||229.65 x 349100|
|Day's Range||228.60 - 231.15|
|52 Week Range||201.25 - 268.60|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||11.27|
|Forward Dividend & Yield||0.15 (6.80%)|
|1y Target Est||284.59|
Washington, DC, based Investment company Bonness Enterprises Inc buys Canon Inc, BT Group PLC during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Bonness Enterprises ...
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The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Major BT union rejects company restructuring plans https://on.ft.com/2HV02ru ...
April 1 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Transport for ...
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and small-cap stocks underperformed the market. Hedge […]
Britain publicly chastised China's Huawei Technologies for failing to fix long-standing security flaws in its mobile network equipment and revealed new "significant technical issues," increasing pressure on the company as it battles Western allegations that Beijing could use its gear for spying. The unusually direct criticism is a fresh blow to the world's largest maker of mobile network equipment, which has been under intense scrutiny in recent months. Officials in the United States and elsewhere have been increasingly public in voicing their concerns that Huawei's equipment could be used by Beijing for spying or sabotage, particularly as operators move to the next generation of mobile networks, known as 5G.
New Chief Executive Officer Philip Jansen would have been well aware of the issues when he took the reins in February. Unfortunately for BT employees, Gavin Patterson’s inability to secure higher wholesale prices leaves Jansen with little option but to shed staff to turn things around at the former British national carrier, whose stock has lost half of its value over the past three years. The company is considering a plan to reduce its 100,000-strong workforce by as much as 25 percent over the next five years, Bloomberg News’s Thomas Seal reported on Wednesday.
BT shares reversed a decline on the news and were up 1.6 percent as of 2:15 p.m. in London. The broader overhaul, which was discussed before Jansen took over in February, would seek to deliver annual savings of several hundred million pounds, adding to the 1.5 billion pounds ($2 billion) of cuts targeted by former CEO Gavin Patterson, the people said. The discussions are preliminary and the plans could change, and any announcement from BT wouldn’t come for several months, most likely after Jansen has outlined his vision for the company at its annual results in May, the people said.
Three operators of a pirate streaming organisation which provided illegal access to Premier League soccer games to more than 1,000 pubs, clubs and homes in England and Wales over the last decade have been jailed for a total of 17 years. Steven King, who masterminded the fraud while trading under the names Dreambox (unincorporated), Dreambox TV Limited, and Digital Switchover Limited, was handed the biggest sentence of seven years and four months in jail. Paul Rolston was sentenced to six years and four months while Daniel Malone was given three years and three months by Warwick Crown Court in central England after a four-week trial.
Since BT Group plc (LON:BT.A) released its earnings in December 2018, analyst forecasts seem pessimistic, with earnings expected to decline by -6.7% in the upcoming year. However, this pessimism isRead More...
Huawei will present a plan to address British security concerns about its equipment by the end of the first half of this year, a senior company executive said on Thursday, following criticism the Chinese firm has not moved fast enough to fix the issues. British intelligence officials said on Wednesday they had not yet seen a "credible" plan by Huawei to resolve issues raised in a critical government report last year, which found that technical and supply-chain problems with the company's equipment had exposed national telecom networks to new security risks. Huawei previously said the problems will take 3-5 years to resolve and Ryan Ding, head of Huawei's carrier business group, told reporters on Thursday a "global and comprehensive" plan was expected to be approved internally by the end of March.
A preliminary criminal investigation into an accounting scandal at the Italian unit of British telecom firm BT has alleged that three top executives of the group were aware of bookkeeping fraud at the unit, according to a document prepared by Italian prosecutors. The document, which wraps up the preliminary investigation, alleges that a network of people in BT Italy exaggerated revenues, faked contract renewals and invoices and invented bogus supplier transactions in order to meet bonus targets and disguise the unit's true financial performance. The closing of the preliminary probe is the final step before prosecutors press charges against the suspects.
LONDON/MILAN (Reuters) - BT Group may have to cut the price tag of its troubled Italian arm as bidders are mainly interested in parts of the business rather than the whole division, which suffered an accounting scandal in 2017, sources told Reuters. Four bidders, including Telecom Italia (TIM) and telecom services provider Retelit, have been shortlisted to carry out due diligence on the business, two years after the accounting problems forced BT to take a 530 million pound write-down.
BT Group's outgoing CEO Gavin Patterson said he was handing over a company with the momentum needed to see through a major restructuring and withstand pressures ranging from demands from regulators to aggressive competition in consumer broadband. Philip Jansen, a former Worldpay chief executive, takes the helm at Britain's biggest broadband provider on Friday, eight months after Patterson launched a cost-cutting plan to tackle financial and operational underperformance.
The company said it has contingency plans in place in case of a no-deal Brexit, including preparations to protect itself against potential import delays and to ensure it will be able to transfer customer data to and from the EU. Analysts at Jefferies said BT’s outlook comments on uncertainties, including Brexit, suggested the company could face headwinds in the next fiscal year, despite a better-than-expected performance in the third quarter of fiscal 2019. This was ahead of analyst forecasts of GBP1.82 billion, according to a consensus estimate compiled by BT.
Today we'll look at BT Group plc (LON:BT.A) and reflect on its potential as an investment. In particular, we'll consider its Return On Capital Employed (ROCE), as that can give Read More...
Jan 28 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times -UK banking industry will ...
British trade minister Liam Fox will use a two-day trip to the World Economic Forum in Davos to meet ministers from around the world to discuss rolling over existing EU trade agreements after Britain leaves the bloc. With little time left until the United Kingdom is due to leave the European Union on March 29, there is no agreement in London on how and even whether it should leave the world's biggest trading bloc, and a growing chance of a "no-deal" exit with no provisions to soften the economic shock. Fox has said he hopes to replicate around 40 EU free trade agreements with third countries by the time Britain leaves the bloc, but the Financial Times reported last week that none would be ready by the end of March.
British trade minister Liam Fox will use a two-day trip to the World Economic Forum in Davos to meet trade ministers from around the world to discuss rolling over existing EU trade agreements after Britain leaves the bloc, his office said. With little time left until the United Kingdom is due to leave the European Union on March 29, there is no agreement in London on how and even whether it should leave the world's biggest trading bloc, and a growing chance of a "no-deal" exit with no provisions to soften the economic shock. Fox has said he hopes to replicate around 40 EU free trade agreements with third countries by the time Britain leaves the bloc but the Financial Times reported last week that none would be ready by the end of March.
Hong Kong conglomerate CK Hutchison Holdings Ltd.’s Wind Tre SpA and fiber carrier Retelit SpA also expressed interested in the unit, they said. BT Italia is seen as potentially valuable to a buyer because it serves major corporate customers including Eni SpA, Fiat Chrysler Automobiles NV and Mediaset SpA. Representatives for BT Italia, London-based BT, Telecom Italia, Wind Tre and Retelit declined to comment.
The following are the top stories on the business pages of British newspapers. - The former chairman of Nissan Motor Co Carlos Ghosn declared his innocence on Tuesday at his first public appearance since his arrest seven weeks ago for alleged financial misconduct. - London's Heathrow, Europe's biggest airport, is planning the biggest shake-up of flight paths in 70 years after warnings that more than 650,000 people will be hit by "significant" noise from an expanded airport.