|Bid||116.45 x 0|
|Ask||116.55 x 0|
|Day's Range||113.50 - 117.60|
|52 Week Range||102.90 - 231.50|
|Beta (5Y Monthly)||0.66|
|PE Ratio (TTM)||5.40|
|Forward Dividend & Yield||0.15 (13.06%)|
|Ex-Dividend Date||Dec 24, 2019|
|1y Target Est||284.59|
U.K. equities joined a global rally Tuesday amid hopes Italy has seen the worst of the coronavirus epidemic and U.S. authorities will pass an economic stimulus package.
The government defeated a rebellion in parliament by lawmakers in the ruling Conservative Party over the role of Chinese technology company Huawei in the development of Britain's 5G networks. Rebel Conservative lawmakers had proposed a change to the Telecommunications Infrastructure Bill, which would have required Huawei to have been eliminated from the country's 5G networks by Dec. 31 2022. Parliament rejected the amendment, with the government winning the vote by 306 to 282.
Britain's digital minister Oliver Dowden said on Tuesday the government was not in a position to set out a specific date to strip out "high-risk" vendors, such as China's Huawei, from its future 5G network but would give lawmakers a say over new laws. Dowden was trying to ease concerns among a group of Conservative lawmakers, who have threatened to rebel against the government over Prime Minister Boris Johnson's decision to allow Huawei a role in building the country's 5G network, unless ministers commit to an end date. "We're not in a position today to set out a specific date or timetable for reaching no high-risk vendors, that would require a new decision to be taken by the National Security Council," he told parliament.
LONDON, March 6 (Reuters) - The British government has called a meeting with sports governing bodies and broadcasters on Monday to discuss how they would cope with a broader outbreak of coronavirus, two people familiar with the situation said. The department was not immediately available to comment.
For an event meant to showcase the power of telecoms, cancelling this year's Mobile World Congress in Barcelona without a back-up plan has perplexed many in the trillion-dollar sector. Wednesday's decision to call off the telecoms industry's biggest annual gathering over fears of coronavirus, which has yet to reach mainland Spain, has left a hole in marketing budgets and dealt a $500 million blow to the local economy. Sony and Nokia said after pulling out of the event that they would hold product launches online instead, while South Korea's Samsung Electronics showcased a new folding phone at separate event in San Francisco last week.
The decision to cancel a major telecoms conference in Barcelona slated for later this month after mass withdrawals due to fears over a coronavirus outbreak was motivated only by a desire to protect people's health and safety, organisers said on Thursday. "This is not about money - it's about health and safety and the reputation of our show," Mats Granryd, director general of the GSMA telecoms association that hosts the event told a news conference the day after announcing its cancellation.
The future of this year’s edition of Mobile World Congress is seriously in doubt, as more companies cancel their participation out of concerns about the spread of the coronavirus.
Spanish health officials said on Wednesday there was no reason to cancel the Mobile World Congress in Barcelona over coronavirus fears, despite major companies pulling out of the event. National Health Minister Salvador Illa said the government's goal was protecting people's health, but that it would take additional measures if necessary. The assurance came after behind-the-scenes pressure on Spanish authorities to declare that holding the event in Barcelona would pose a public health risk, which could potentially in turn trigger a payout on any event insurance taken out by the organisers.
The organisers of the Mobile World Congress (MWC) said on Wednesday they were monitoring "the fast-changing" development of the coronavirus, in a statement issued after sources said the event in Barcelona was likely to be called off. "We have already implemented additional health measures ahead of MWC 2020 and will continue to seek expert medical advice on a frequent basis," it added.
Telecoms industry lobby GSMA will hold a virtual board meeting on Wednesday to discuss a major conference later this month which is looking increasingly threatened by fears of coronavirus, a person with knowledge of the matter said. Board members of the GSMA will discuss the Barcelona conference by phone at 1300 GMT, according to the person, who declined to be named.
Deutsche Telekom is pulling out of this month's Mobile World Congress, a source familiar with the matter said on Wednesday, adding an official announcement by other European telecoms operators was possible later in the day. Such a step, if confirmed, would deal a fatal blow to the Feb. 24-27 that traditionally draws 100,000 visitors to Barcelona, as European operators are foundational members of the GSMA industry association that hosts the event. The GSMA board, comprising industry executives, will convene on Friday to review its options, sources said.
Moody's Investors Service, ("Moody's") has today assigned a Ba1 long-term rating to the proposed issuance of E500 million of Capital Securities due 2080 (the hybrid securities) to be issued by British Telecommunications Plc (BT, Baa2 negative), a subsidiary of BT Group Plc. The outlook is negative. The Ba1 rating on the hybrid securities is two notches lower than British Telecommunications Plc's Baa2 senior unsecured and issuer ratings. The proposed hybrid securities, which will be guaranteed by BT Group Plc on a subordinated basis, are long-dated with a 60-year maturity.
Moody's Investors Service, ("Moody's") has today changed the outlook on British Telecommunications Plc (BT or the company) and EE Limited to negative from stable. Concurrently Moody's has affirmed British Telecommunications Plc's Baa2 senior unsecured and issuer ratings, the (P)Baa2 MTN programme and senior unsecured shelf rating as well as the Prime-2 short-term rating and EE Limited's Baa2 issuer rating.
Britain will look to international allies to develop alternatives to Huawei to use in developing its 5G network, digital minister Nicky Morgan said on Wednesday. Britain granted Huawei a limited role in Britain's 5G mobile network last week, frustrating a global attempt by the United States to exclude the Chinese telecoms giant from the West's next-generation communications. "We are very determined... that another provider of 5G equipment is needed in order to provide that resilience to our very important 5G network," Morgan told reporters after a speech in London.
The following are the top stories on the business pages of British newspapers. - In a speech on Monday British PM Boris Johnson will say that he is ready to accept the "off-the-shelf" model first proposed by the Europen Union's Chief negotiator, Michel Barnier. - The British government's plans to introduce a cap on Huawei will cost BT about 500 million pounds($657.20 million) over the next five years, the telecoms group has revealed.
The company warned that the British government’s cap on the use of Huawei equipment in the telecom group’s 5G network will cost an estimated $655 million over the next five years.
The following are the top stories on the business pages of British newspapers. D&D London, the group behind upmarket London restaurants such as Quaglino's and Le Pont de la Tour, has secured its first site in Birmingham as it looks to expand into the regions. Flybe Group arranged for a third-party trust to take a charge over assets such as its buildings and aircraft equipment on behalf of its three shareholders.