BT-A.L - BT Group plc
| Previous Close | 184.12 |
| Open | 184.40 |
| Bid | 180.48 x 0 |
| Ask | 180.52 x 0 |
| Day's Range | 178.56 - 184.92 |
| 52 Week Range | 157.67 - 241.40 |
| Volume | 21,135,638 |
| Avg. Volume | 25,836,612 |
| Market Cap | 17.871B |
| Beta (5Y Monthly) | 0.61 |
| PE Ratio (TTM) | 7.50 |
| EPS (TTM) | 24.10 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.15 (8.36%) |
| Ex-Dividend Date | Dec 24, 2019 |
| 1y Target Est | 284.59 |
- Barrons.com
Four U.K. Stocks to Consider Now that Brexit Deadlock Has Been Broken
Now that there is some clarity over Brexit, companies heavily exposed to the British economy look undervalued
- MarketWatch
The U.K. election: Here’s everything investors need to know
It may seem as if the U.K. has been mired in political turmoil forever, but the deadlock over Brexit and the country’s future may just be broken this week when the public goes to polls.
- Reuters
BT looks for new broadband equipment supplier for Openreach's full-fibre rollout
BT's fixed-line network arm Openreach has started an evaluation process seeking a third strategic vendor alongside telecoms gear makers Nokia Oyj and Huawei Technologies Co Ltd [HWT.UL] for the rollout, Richard Knowles, an Openreach spokesman, told Reuters. The development comes as the United States has been pressing nations not to grant Huawei access to 5G networks and alleged that Huawei's equipment could be used by Beijing for spying, which the Chinese company has repeatedly denied.
- Reuters
BT looks for new broadband equipment supplier for Openreach's full-fiber rollout
BT's fixed-line network arm Openreach has started an evaluation process seeking a third strategic vendor alongside telecoms gear makers Nokia Oyj and Huawei Technologies Co Ltd for the rollout, Richard Knowles, an Openreach spokesman, told Reuters. The development comes as the United States has been pressing nations not to grant Huawei access to 5G networks and alleged that Huawei's equipment could be used by Beijing for spying, which the Chinese company has repeatedly denied.
- MarketWatch
Nationalize this: Britain’s power giants move off grid over Labour plans
Two of Britain’s biggest power companies have transferred the ownership of their U.K businesses overseas to safeguard against re-nationalization plans laid out by leader of the opposition Labour party Jeremy Corbyn. National Grid and SSE (UK:SSE) which are listed in the FTSE-100 and together own the UK’s gas and electricity transmission networks. The moves follow the launch of Labour’s election manifesto last week which outlined a programme to returns a series of industries to public ownership, including electricity, water and rail.
- Reuters
UPDATE 1-BT will maintain ties with skills group if it drops Prince Andrew as patron
Britain's BT has told a company promoting digital skills it would continue working with it if it dropped Prince Andrew as a patron. The British royal has been engulfed in a growing scandal since he gave a TV interview on Saturday to discuss his friendship with Jeffrey Epstein, who killed himself in a U.S. prison in August while awaiting trial on sex trafficking charges. Andrew denied an allegation that he had sex with a 17-year-old girl procured for him by Epstein but said he did not regret the friendship.
- Reuters
Corbyn effect? British utility debt boosted by nationalisation bet
British utilities are becoming increasingly popular with bond investors who believe their debt may benefit if a Labour government comes to power in December's general election and takes them into public ownership. Labour's finance spokesman John McDonnell last week detailed the party's plans to nationalise parts of BT to provide free broadband for all if it wins the election. Most opinion polls show the ruling Conservative Party with a clear lead ahead of the Dec. 12 poll, suggesting a left-wing government under Jeremy Corbyn is unlikely.
- Reuters
UPDATE 3-UK's Johnson drops corporate tax cut plan in bid to woo voters
British Prime Minister Boris Johnson said on Monday he was putting on hold further cuts in corporation tax and told voters he would use the money for spending on health and other priorities. "We are postponing further cuts in corporation tax," Johnson told business leaders at a conference organised by the Confederation of British Industry, an employers' group. Britain's main corporation tax is among the lowest among the world's industrialised economies but the government had been due to cut it to 17% next year from 19% now.
- Reuters
Danger on both left and right, warns UK business group CBI
There is a threat to British business from both the left and the right of politics, the country's biggest business lobby group the CBI warned on Monday, a month before voters head to the polls to elect a new government.
- Benzinga
Analyst: Vodafone Weakness Likely Tied To Corbyn's Proposal To Nationalize Broadband Service
Jeremy Corbyn, leader of the U.K.'s Labour Party, plans to nationalize British Telecom's Openreach broadband network and provide free internet if the party wins power. The proposal is impacting shares ...
- MarketWatch
This forecast predicts barely any growth in U.S. stocks next year — and a big drop if there’s a recession
Financial markets are overvalued, according to an Oxford Economics forecast, so don’t expect much in the way of gains for stocks even if a recession is avoided.
- Reuters
EXPLAINER-What's behind Labour's plan to overhaul BT and the British broadband network?
Britain's opposition Labour Party says if it wins the Dec. 12 election it will nationalise BT's broadband network and provide free internet for all within a decade, a radical election pledge to roll back decades of private ownership. The UK's biggest broadband and mobile phone provider was the flagship of Conservative Prime Minister Margaret Thatcher's policy of selling state-owned assets, a political revolution that she said would improve efficiency and "spread the nation's wealth among as many people as possible".
- Reuters
UK Liberal Democrats say they could back minority government on 'issue-by-issue' basis
Britain's anti-Brexit Liberal Democrats could support a minority Labour or Conservative Party government on an issue-by-issue basis if a Dec. 12 election does not produce a clear winner, the party's finance spokesman Ed Davey said on Friday. "If either of them form a minority government, as is possible, we will vote issue by issue... that will force any government to come to the centre to be more moderate," Davey told an audience in Leeds, northern England. Davey said the party would not vote to make Conservative leader Boris Johnson nor Labour's Jeremy Corbyn prime minister.
- Reuters
UPDATE 1-Sterling jumps against dollar after Brexit party quits more races
Sterling rose to a 10-day high against the U.S. dollar on Friday as Brexit Party candidates stood down from over 40 seats not held by the Conservative Party, which traders saw as a move that would help the Conservatives gain a majority in the upcoming UK elections. The pound has been rising in the past week as polls suggested Prime Minister Boris Johnson's Conservative party could win a majority at the Dec. 12 election, which is seen as increasing the chances of the UK leaving the European Union with a deal on Jan. 31. The Brexit party has stood down from 43 non-Conservative seats, 11 of which are held by the main opposition Labour Party and 17 of which saw the Conservative Party finish in second place in the 2017, according to a Telegraph reporter.
- MarketWatch
BT slides in London after Labour vows partial nationalization in free broadband pledge
Talk of partially nationalizing BT sent those shares lower in London, weighing on the FTSE 100 index. Mining stocks rose on hopes of trade-talk progress.
- Reuters
'Crazed Communist scheme,' PM Johnson says of Corbyn's plan for BT
British Prime Minister Boris Johnson said Labour Party leader Jeremy Corbyn's plan to nationalise BT's network was a "crazed Communist scheme". Johnson, speaking before a campaign bus emblazoned with the slogan "Get Brexit Done", said delivering Brexit would clear Britain's arteries. "It will be something that clears our arteries, it will unblock our system, it will get us back on our feet and able to take advantage of all the things that we want to get from Brexit," he said.
