BT-A.L - BT Group plc

LSE - LSE Delayed Price. Currency in GBp
178.76
+1.44 (+0.81%)
At close: 4:35PM BST
Stock chart is not supported by your current browser
Previous Close177.32
Open176.62
Bid178.42 x 0
Ask178.46 x 0
Day's Range175.84 - 182.20
52 Week Range157.67 - 268.60
Volume81,513,265
Avg. Volume27,956,042
Market Cap17.665B
Beta (3Y Monthly)0.79
PE Ratio (TTM)8.28
EPS (TTM)21.60
Earnings DateN/A
Forward Dividend & Yield0.15 (8.68%)
Ex-Dividend Date2019-08-08
1y Target Est284.59
  • U.K. to Discuss Blueprint of Johnson’s Fiber Plan With CEOs
    Bloomberg

    U.K. to Discuss Blueprint of Johnson’s Fiber Plan With CEOs

    (Bloomberg) -- Boris Johnson promised to bring fiber broadband to every U.K. home by 2025 in his bid for the most important job in the land. Now comes the difficult part.To have any chance of success, the Prime Minister must first convince telecommunications executives there is a profit opportunity.“The productivity of the nation isn’t in my business case,” Philip Jansen, chief executive of former state monopoly BT Group Plc, said last month.The government will step up the pressure later on Thursday when the Digital Secretary Nicky Morgan gathers the heads of Britain’s broadband building companies at her Westminster office. The talks are expected to focus on how to reach Johnson’s accelerated infrastructure target, including a timeline for switching off older networks, according to people briefed on the closed-door meeting.So-called full fiber can deliver data ten times faster than copper lines. Currently in the U.K., fiber lines carry data over long distances to a neighborhood box, and copper lines connect the box to nearby homes. BT has drawn up proposals for switching off copper networks by 2027, Sky News reported late Wednesday.The U.K. badly lags European neighbors in full fiber, which reaches only 8% of British premises compared to about 90% of homes in Portugal and 70% in Spain.The reason is a combination of political will and local circumstances.A study commissioned last year by British officials suggested that Spain’s dominant phone company, Telefonica SA, opted for a faster fiber network build than U.K. counterpart BT as it faced greater competitive pressure to secure a speed advantage over rivals. A law has obliged construction firms to include fiber ducts in new buildings since 2000, so millions of residents were connected cheaply and quickly.In the U.K., fewer people live in apartment blocks, driving up installation costs. A similar construction law has been drafted for Britain, but the political disruption around Brexit has delayed its ratification.Then there’s the challenge of turning a profit on the investment. If consumers get fiber, will they all pay for it, especially now that advances in copper technology can squeeze more data through the same pipes?“For the foreseeable future, speeds are more than adequate for household needs,” said James Ratzer, an analyst at New Street Research. He also said more than half of the U.K. has access to ultrafast cable from Liberty Global Plc’s Virgin Media, and yet that company is losing broadband customers."BT is keen to see the industry work together with government on the big challenges – such as digital switchover and rural coverage,” a BT spokesman said by email.Were a date to be fixed for shutting off copper networks, that would remove the risk that BT is forced to pay for fiber buildout without being assured that customers will switch to the faster network. Building RightsThe fiber goal can’t be reached without BT, whose CEO Jansen has said he’s up for the challenge as long as the industry can get hold of 30,000 extra workers to dig up roads and the government scraps planning rules to give carriers build rights now enjoyed by water and power utilities.There are signs the government is softening its message to avoid a clash. Johnson more recently pledged a “gigabit” target instead of “full-fiber,” an acknowledgement that other technologies like 5G wireless networks could be used to deliver faster internet.The government “wants to deliver world-class, gigabit-capable digital infrastructure across the country and will announce further details on how we will achieve this as soon as possible,” a spokesman for Morgan said.Officials and lawmakers hoping to speed things up have been distracted by Brexit, while Johnson’s decision to suspend Parliament cuts down the already small amount of time to push through legislation.Churn at the top of government hasn’t helped: Morgan is the fourth person to hold her post in two years and the growing prospect of another national election means yet more uncertainty.(Updates with context and company comments from fourth paragraph.)\--With assistance from Rodrigo Orihuela.To contact the reporter on this story: Thomas Seal in London at tseal@bloomberg.netTo contact the editors responsible for this story: Thomas Pfeiffer at tpfeiffer3@bloomberg.net, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • What Do Investors Need To Know About BT Group plc's (LON:BT.A) Future?
    Simply Wall St.

    What Do Investors Need To Know About BT Group plc's (LON:BT.A) Future?

    Looking at BT Group plc's (LON:BT.A) earnings update in June 2019, analyst consensus outlook seem pessimistic, with...

  • Europe Bond Sales to Blast Past 1 Trillion Euros in Record Time
    Bloomberg

    Europe Bond Sales to Blast Past 1 Trillion Euros in Record Time

    (Bloomberg) -- Sales of new bonds in Europe will pass 1 trillion euros ($1.1 trillion) on Thursday, earlier in the year than ever before as companies take advantage of ultra-low borrowing costs ahead of potential year-end volatility to raise funds.BT Group Plc, Continental AG and Snam SpA joined the deluge on Thursday, fanning what may be the busiest week for corporate issuance since March 2018. The day’s 13 offerings marketwide will also likely lift sales for the year above 1 trillion euros, about six weeks earlier than last year and two weeks quicker than 2017’s record, according to data complied by Bloomberg.Corporate treasurers may have rushed forward sales plans after the summer slowdown as they weigh looming risks including Brexit uncertainty, trade wars and growing recession fears. Euro investment-grade borrowing costs are also below 0.3% even after creeping up from a record-low 0.23% last week, according to a Bloomberg Barclays index.“Very easy funding conditions” are luring borrowers to the market, said Viktor Hjort, global head of credit strategy at BNP Paribas SA. “Brexit may be a factor, but only to bring forward already planned funding.”The 2019 sales boom has run since January, when high-grade euro corporate deals surged 50% from a year earlier. Marketwide volume topped 221 billion euros, according to Bloomberg data. The best start to a year since at least 2014 was partly due to Brexit, which was then scheduled for March.Borrowing costs have declined this year due to economic concerns sparking expectations for possible central-bank easing. That’s helped fuel a rebound in U.S. borrowers selling euro notes including jumbo deals from Medtronic Plc and Fiserv Inc. in June, and from Danaher Corp. and AT&T Inc. this week. Another may soon follow as Schlumberger Ltd. has mandated a three-part euro sale.BT, Snam and Blackstone Property Partners Europe Holdings Sarl are all offering two-tranche deals on Thursday that will raise at least 1 billion euros apiece. BT is marketing six-year and 10-year notes, with initial pricing talk on the longer tranche at about 155 basis points over midswaps, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it.\--With assistance from Tasos Vossos.To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.netTo contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Neil Denslow, Hannah BenjaminFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    Britain to make Huawei decision on 5G by the autumn - digital minister

    Britain will make a decision on whether to allow China's Huawei equipment to be used in its 5G networks in the autumn, the digital minister Nicky Morgan said. "We've got to make sure that this is going to be a decision for the long term, making sure that we keep all our networks secure." (Reporting by Kate Holton.

  • These Stocks Offer a High Forward Dividend Yield
    GuruFocus.com

    These Stocks Offer a High Forward Dividend Yield

    MPLX tops the list Continue reading...

  • Reuters

    UPDATE 2-Britain delays decision on Huawei's role in 5G networks

    Britain on Monday postponed a decision on whether Huawei could participate in building next-generation 5G mobile networks until it had a clearer picture of the impact of U.S. measures taken against the Chinese company. "These measures could have a potential impact on the future availability and reliability of Huawei's products, together with other market impacts, and so are relevant considerations in determining Huawei's involvement in the network," Digital Minister Jeremy Wright told parliament.

  • Hedge Funds Have Never Been This Bullish On BT Group plc (BT)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On BT Group plc (BT)

    Is BT Group plc (NYSE:BT) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks […]

  • GuruFocus.com

    5 Underperforming Stocks in Gurus' Portfolios

    Nokia tops the list

  • TheStreet.com

    'Goga' Stocks Part 2: Throw A Line Overseas to Net Big Yields

    In yesterday's column I introduced the concept of "Goga stocks" in honor of Goga Bitadze, the Georgian prospect who was overshadowed by Duke's Zion Williamson at NBA Draft media day. Well, Goga was selected 18th in last night's draft by the Indiana Pacers, and he is about to become a very wealthy 19 year old. As for finding Goga stocks -- high-yielding names that will act as ballast for the shorts in my new entity, Excelsior Capital Partners -- perhaps the young man's story is insightful in more than one way.

  • Reuters

    UPDATE 2-UK tells telecom firms to be cautious over Huawei after U.S. warnings

    British telecom companies should show "all due caution" before using China's Huawei equipment in their 5G networks because the government cannot ignore the warnings from the United States, its digital minister said. Britain has found itself caught up in the diplomatic row between Washington and Beijing after the Trump administration told allies not to use Huawei's 5G equipment for fear it could allow China to spy on sensitive communications and data. Britain's National Security Council, chaired by Prime Minister Theresa May, had agreed in April to allow Huawei restricted access to non-core parts of the 5G network, but that decision has been put on hold following the U.S. intervention.

  • How Did BT Group plc's (LON:BT.A) 21% ROE Fare Against The Industry?
    Simply Wall St.

    How Did BT Group plc's (LON:BT.A) 21% ROE Fare Against The Industry?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Benzinga

    As Nokia Signs 5G Agreements, A Look At The Companies Adopting The Next-Gen Technology

    Nokia Corporation (NYSE: NOK ) said Monday it now has more than 40 commercial agreements with the companies building 5G networks as it seeks to be a top player in the behind-the-scenes work to create the ...

  • ACCESSWIRE

    BT Group PLC Announces Annual Financial Report

    2019 Annual Report on Form 20-F LONDON, UK / ACCESSWIRE / May 23, 2019 / Pursuant to Rule 203.01 of the New York Stock Exchange Manual, BT (NYSE: BT) announces to holders of its American Depositary Shares ...

  • Reuters

    BT Group halves former CEO's bonus after investor disquiet

    Britain's biggest broadband and mobile provider BT Group said on Thursday former Chief Executive Officer Gavin Patterson had agreed to a halving of his annual bonus. "The (pay) committee and Gavin agreed that a reduction of the total bonus outcome by 50% would be the right thing to do and in the best interests of all stakeholders," BT said. Patterson left BT at the end of January, handing over to Philip Jansen, a former Worldpay chief executive.

  • Reuters

    PRESS DIGEST- British Business - May 23

    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 Sir Philip Green's retail empire Arcadia ...

  • Reuters

    Next round of U.S. tariffs on China at least a month away -Mnuchin

    WASHINGTON/BEIJING, May 22 (Reuters) - The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on American consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Washington this month hiked existing tariffs on $200 billion in Chinese goods to 25% from 10%, prompting Beijing to retaliate with its own levies on U.S. imports, as talks to end a 10-month trade war between the world's two largest economies stalled.

  • Reuters

    EE keeps Huawei in first British 5G network but halts handsets

    Britain's biggest mobile operator EE said on Wednesday its 5G network would rely on equipment made by China's Huawei, at least for the first few years, as it announced plans to switch on the next-generation services on May 30. The United States has said Huawei is a security risk and open to spying by Beijing, a claim the Chinese company denies.

  • Huawei Gets Kicked in the Teeth by the British
    Bloomberg

    Huawei Gets Kicked in the Teeth by the British

    The mobile operator Vodafone Group Plc followed suit. It’s telling too that of those five pioneering 5G countries – which include the U.S., China, Switzerland and South Korea – Britain is the one you’d expect to be most neutral about whether or not to sell Huawei handsets. Switzerland’s Swisscom AG has already started offering 5G phones from another Chinese company, Oppo.

  • BT Drops New Huawei Phones as U.S. Crackdown Starts to Bite
    Bloomberg

    BT Drops New Huawei Phones as U.S. Crackdown Starts to Bite

    BT Group Plc won’t offer phones from Huawei Technologies Co. when it starts Britain’s first 5G mobile network next week, joining a growing list of wireless operators ditching the Chinese company’s handsets after the U.S. blocked it from critical suppliers. BT decided not to include Huawei phones in its 5G launch because of uncertainty over whether they could use Android software developed by U.S. tech giant Alphabet Inc., a spokesman for the carrier said.

  • Reuters

    UK's biggest mobile operator pauses use of Huawei 5G handsets

    Britain's biggest mobile operator EE said on Wednesday it would not offer Huawei handsets as part of its 5G services launch, pausing the use of devices from the Chinese company until its future becomes ...

  • GuruFocus.com

    Stocks That Fell to 3-Year Lows in the Week of May 17

    CVS Health Corp., Vodafone Group PLC, Occidental Petroleum Corp. and BT Group PLC have declined to their respective 3-year lows