|Bid||225.00 x 11700|
|Ask||238.00 x 349100|
|Day's Range||227.60 - 231.45|
|52 Week Range||201.25 - 268.60|
|Beta (3Y Monthly)||0.49|
|PE Ratio (TTM)||11.18|
|Forward Dividend & Yield||0.15 (6.54%)|
|1y Target Est||284.59|
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.
Gavin Patterson has been the CEO of BT Group plc (LON:BT.A) since 2013. First, this article will compare CEO compensation with compensation at other large companies. Next, we'll consider growth Read More...
BT Group Plc., the company delivering the 2.3-billion-pound ($3 billion) project, has been pulling equipment from the Chinese tech giant out of its own core structure since the 2016 acquisition of mobile carrier EE, which used Huawei gear throughout its systems. While BT says it’s been an ongoing process to remove some Huawei gear and the ESN decision aligns with a long-standing corporate policy to keep the Chinese company out of the core, critics of Huawei will be emboldened by the step to limit its involvement.
Britain's competition watchdog has proposed a crackdown on companies that charge so-called loyalty penalties on a whole range of products including mortgages, insurance and mobile phones, which cost consumers around 4 billion pounds ($5 billion) a year. The Competition and Markets Authority's (CMA) action follows a complaint from consumer body Citizens Advice that companies penalise existing customers by charging them higher prices than new customers. The action by Citizens Advice - dubbed as a "super-complaint" - was launched in September and immediately triggered a comprehensive investigation by the watchdog.
Investors have expressed disappointment with the company's executive compensation after it gave more than 1 million pounds in bonus to CEO Gavin Patterson in a year when BT's stock has tumbled 30 percent. The company said it would look to take steps, including considering a broader range of performance factors and wider circumstances, when deciding on pay. "The board was naturally disappointed with the overall voting outcome," BT said in a statement, referring to more than a third of the shareholders at its annual meeting in July voting against the remuneration report.
Broadband providers will have to tell customers about their best deals under planned new rules from British telecoms regulator Ofcom aimed to tackle a 'loyalty penalty' that makes it difficult for long-standing ...
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren’t usually symmetrically distributed and index […]
Japan plans to ban government purchases of equipment from China's Huawei Technologies Co Ltd and ZTE Corp to beef up its defences against intelligence leaks and cyber attacks, sources told Reuters. Chinese tech companies are under intense scrutiny from Washington and some prominent allies over ties to the Chinese government, driven by concerns they could be used by Beijing for spying.
Japan plans to ban government purchases of equipment from China's Huawei Technologies Co Ltd and ZTE Corp to beef up its defences against intelligence leaks and cyber attacks, sources told Reuters. The Yomiuri newspaper, which first reported the news earlier on Friday, said the government was expected to revise its internal rules on procurement as early as Monday.
Hackers can use neural networks and other technology to fabricate disturbingly realistic audio and video. The potential for deepfake-induced chaos in financial markets and international relations, experts say, is very real. Companies aren’t prepared to deal with fake video and audio recordings that cyber criminals and foreign governments are creating, security experts say.
Britain's BT Group said on Wednesday it was removing Huawei Technologies' equipment from the core of its existing 3G and 4G mobile operations and would not use the Chinese company in central parts of the next network. New Zealand and Australia have stopped telecom operators using Huawei's equipment in new 5G networks because they are concerned about possible Chinese government involvement in their communications infrastructure. Huawei, the world's biggest network equipment maker ahead of Ericsson and Nokia, has said Beijing has no influence over its operations.