13.76 0.00 (0.00%)
After hours: 4:40PM EDT
|Bid||13.50 x 2900|
|Ask||0.00 x 900|
|Day's Range||13.66 - 13.90|
|52 Week Range||13.65 - 21.16|
|PE Ratio (TTM)||11.51|
|Forward Dividend & Yield||0.63 (3.68%)|
|1y Target Est||20.91|
BT Group Plc, still reeling from an outlook for falling profits delivered last week, is counting on a slew of new consumer offerings to lift investor sentiment. The U.K.’s former phone monopoly is pulling the trigger on its unique ability to offer packages of mobile and landline services, two years after the 12.5 billion-pound ($16.9 billion) acquisition of mobile carrier EE. “When you think about it, this is why BT and EE did get together: it was for convergence,” Marc Allera, chief of BT’s consumer division, told reporters, referring to the industry term for bringing together mobile and fixed services.
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. In the past 10 years BT Group plc (LSE:BT.A) hasRead More...
The following are the top stories on the business pages of British newspapers. Investors in SIG Plc have overwhelmingly rejected the reappointment of Deloitte as its auditor in a rare shareholder rebellion only months after it was revealed that SIG had exaggerated its profits for years. BT Group Plc is to axe about 13,000 jobs over the next three years and move out of its central London headquarters as it seeks to cut 1.5 billion pounds ($2.03 billion) in costs after a torrid 18 months.
PROFIT: The British telecommunications and TV provider made a pretax profit of 872 million pounds ($1.18 billion) in the quarter ended March 31 compared with GBP440 million in the year-earlier period. This was below an analyst consensus of GBP887 million provided by BT. Full-year adjusted earnings before interest, taxes, depreciation, and amortization--the company’s preferred profit measure--fell 2% on year to GBP7.51 billion, at the lower ended of BT’s guided range.
Blue-chip stocks in the U.K. moved higher Thursday, extending gains as the pound slumped after the Bank of England cut its outlook for British inflation and economic growth. Royal Bank of Scotland PLC shares were climbing as the lender settled a U.S. legal complaint over risky loans. The FTSE 100 index (^FTSE) rose 0.5% to end at 7,700.97, scoring its highest close since Jan. 23, according to FactSet data.
Thursday’s triple-header of announcements from BT Group Plc did little to allay multiple concerns weighing on the stock. While fourth-quarter results were broadly in line with estimates, an outlook for declining revenue, earnings and free cash flow was taken badly. Analysts questioned whether a targeted increase in network investment is enough to combat the threat from alternative providers, such as CityFibre Infrastructure Holdings Plc and Hyperoptic Ltd. With limited relief from pension payments, a flat dividend, questions on sports-rights spending and a lack of clarity on how much of the announced 1.5 billion-pound savings will trickle down to profit, the initial verdict was that more of the same isn’t enough.
On a per-share basis, the London-based company said it had net income of 50 cents. Earnings, adjusted for non-recurring costs, were 61 cents per share. The telephone and internet provider posted revenue ...
has had only two priorities for months now: having returned to profit, and dealt with a small business restructuring scandal in the UK, it just needed to settle claims over selling mortgage-backed securities in the US, and resume dividend payments. Then it could return to a semblance of normality — and two sets of investors could decide on their priorities: either selling its shares, in the case of the UK government, or buying its shares, in the case of income funds. This morning, RBS has finally been able to address the first of those priorities: it has announced a $4.9bn settlement with the US Department of Justice.
BT Group CEO Gavin Patterson discusses earnings and performance, and talks about becoming more efficient. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
BT Group Plc said it will owe top-up payments of 2.1 billion pounds ($2.85 billion) over the next three years on a 11.3 billion-pound pension deficit, as the former phone monopoly provided a strategy update for investors. The review of its pension, Britain’s largest defined benefit program, has been among the biggest overhangs on BT’s stock. The result is in line with expectations from analysts, who had forecast the deficit could come in at 10 billion pounds to 12 billion pounds, according to Morgan Stanley.
A maker of photographic film and an incumbent telecoms provider do not, perhaps, invite an obvious comparison. At least they did not until Sharon White — chief executive of BT’s regulator, Ofcom — chose to draw one, two weeks ago: “Incumbents face a choice in my view: fibre-up or risk fading away.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines BT set to reveal plans for thousands of job cuts https://on.ft.com/2KzNhki ...
Does the share price for BT Group plc (LSE:BT.A) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value using the discounted cash flow (DCF) method. If youRead More...
Investors pursuing a solid, dependable stock investment can often be led to BT Group plc (LSE:BT.A), a large-cap worth UK£23.96B. Risk-averse investors who are attracted to diversified streams of revenueRead More...
Moody's Investors Service ("Moody's") has today assigned a first-time Prime-2 (P-2) short-term issuer rating to British Telecommunications Plc (BT), a wholly owned subsidiary of BT Group Plc. ...
NEW YORK, April 10, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Recent undervalued companies based on their current market price include RPC Group and Inland Homes. There’s a few ways you can value a company. The most popular methods include discountingRead More...
We see value in several firms as consumers migrate away from traditional TV bundles and Europe invests in fiber and 4G.
Losses in residential voice and long-distance lines continue to bother Cincinnati Bell (CBB). Heavy capital expenses and intense competition are other headwinds.
Moody's Investors Service (Moody's) has today downgraded to Baa2 from Baa1 the long-term issuer ratings of British Telecommunications Plc (BT) and its wholly owned subsidiary, EE Limited (EE). Concurrently, ...
May.10 -- BT Group CEO Gavin Patterson discusses earnings and performance, and talks about efforts to become more efficient. He speaks on "Bloomberg Daybreak: Europe."