BTQ.F - BT Group plc

Frankfurt - Frankfurt Delayed Price. Currency in EUR
2.6110
-0.0260 (-0.99%)
At close: 3:34PM CEST
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Previous Close2.6370
Open2.6110
Bid2.5700 x 570000
Ask2.6470 x 570000
Day's Range2.6110 - 2.6110
52 Week Range2.3355 - 3.0585
Volume5,347
Avg. Volume3,069
Market Cap25.738B
Beta (3Y Monthly)0.83
PE Ratio (TTM)8.70
EPS (TTM)0.3000
Earnings DateN/A
Forward Dividend & Yield0.17 (6.57%)
Ex-Dividend Date2018-12-27
1y Target EstN/A
  • Reuters2 days ago

    Timeline: BT bosses in spotlight in Italian accounting scandal

    A criminal investigation into accounting fraud inside British Telecom's Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance. OCTOBER 27 2016: British Telecom says it wrote down the value of its Italian operations by 145 million pounds due to “inappropriate management behavior” at its Italian division but says the issue will not affect its full-year financial targets. JANUARY 24 2017: BT CEO Gavin Patterson says in a statement an internal audit found “serious accounting irregularities” in its Italian operations that forced BT to write down the value of its Italian business by 530 million pounds and to cut estimated profits and revenues.

  • Exclusive: British Telecom's Italian job had London roots, say investigators
    Reuters2 days ago

    Exclusive: British Telecom's Italian job had London roots, say investigators

    A criminal investigation into accounting fraud inside British Telecom's Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance. Emails seized by the police and reviewed by Reuters show for the first time why Italian prosecutors allege that top BT employees were at the heart of the problem, contrary to the company's assertions that managers at head office knew nothing about the misconduct.

  • Reuters2 days ago

    Exclusive: BT’s Italian job had London roots, say investigators

    A criminal investigation into accounting fraud inside British Telecom's Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance. Emails seized by the police and reviewed by Reuters show for the first time why Italian prosecutors allege that top BT employees were at the heart of the problem, contrary to the company's assertions that managers at head office knew nothing about the misconduct.

  • GuruFocus.com12 days ago

    Bonness Enterprises Inc Buys Canon Inc, BT Group PLC

    Washington, DC, based Investment company Bonness Enterprises Inc buys Canon Inc, BT Group PLC during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Bonness Enterprises ...

  • Reuters22 days ago

    PRESS DIGEST- Financial Times - April 3

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Major BT union rejects company restructuring plans https://on.ft.com/2HV02ru ...

  • 25,000 Jobs, or the Dividend. Which Do You Cut First?
    Bloomberg28 days ago

    25,000 Jobs, or the Dividend. Which Do You Cut First?

    New Chief Executive Officer Philip Jansen would have been well aware of the issues when he took the reins in February. Unfortunately for BT employees, Gavin Patterson’s inability to secure higher wholesale prices leaves Jansen with little option but to shed staff to turn things around at the former British national carrier, whose stock has lost half of its value over the past three years. The company is considering a plan to reduce its 100,000-strong workforce by as much as 25 percent over the next five years, Bloomberg News’s Thomas Seal reported on Wednesday.

  • BT Is Considering Deeper Overhaul to Shrink Workforce by 25%, Sources Say
    Bloomberg28 days ago

    BT Is Considering Deeper Overhaul to Shrink Workforce by 25%, Sources Say

    BT shares reversed a decline on the news and were up 1.6 percent as of 2:15 p.m. in London. The broader overhaul, which was discussed before Jansen took over in February, would seek to deliver annual savings of several hundred million pounds, adding to the 1.5 billion pounds ($2 billion) of cuts targeted by former CEO Gavin Patterson, the people said. The discussions are preliminary and the plans could change, and any announcement from BT wouldn’t come for several months, most likely after Jansen has outlined his vision for the company at its annual results in May, the people said.

  • Synchronoss Technologies (SNCR) Q4 2018 Earnings Conference Call Transcript
    Motley Foollast month

    Synchronoss Technologies (SNCR) Q4 2018 Earnings Conference Call Transcript

    SNCR earnings call for the period ending December 31, 2018.

  • Reuters2 months ago

    Exclusive: BT executives knew of accounting fraud in Italy unit - prosecutors

    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.

  • Reuters3 months ago

    BT pressured to cut price to sell troubled Italian business - sources

    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 boss signs off with strong quarter
    Reuters3 months ago

    BT boss signs off with strong quarter

    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 Wall Street Journal3 months ago

    [$$] BT Reports Earnings Fall

    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.

  • Telecom Italia Bids for BT Unit Hit by Scandal
    Bloomberg3 months ago

    Telecom Italia Bids for BT Unit Hit by Scandal

    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.

  • Huawei Gear Pulled From $3 Billion U.K. Police Phone Network
    Bloomberg4 months ago

    Huawei Gear Pulled From $3 Billion U.K. Police Phone Network

    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.

  • BT rethinks executive pay strategy after investors question CEO bonus
    Reuters4 months ago

    BT rethinks executive pay strategy after investors question CEO bonus

    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.

  • BT to strip China's Huawei from core networks, limit 5G access
    Reuters5 months ago

    BT to strip China's Huawei from core networks, limit 5G access

    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.

  • BT to remove Huawei equipment from its core 4G network - FT
    Reuters5 months ago

    BT to remove Huawei equipment from its core 4G network - FT

    The move by BT will bring its mobile phone business in line with an internal policy to keep the Chinese company's equipment at the edge of telecoms infrastructure, the paper said. BT has also excluded Huawei from bidding for contracts to supply equipment for use in its core 5G network, it said. The Wall Street Journal in November reported that the U.S. government was trying to persuade wireless and internet providers in allied countries to avoid telecommunications equipment from Huawei.

  • BT Replacing Huawei in Mobile Network as Global Pressure Grows
    Bloomberg5 months ago

    BT Replacing Huawei in Mobile Network as Global Pressure Grows

    BT has worked with Huawei for more than a decade but avoided using it for the most central parts of its network. This wasn’t the case at wireless unit EE, which BT bought from Orange SA and Deutsche Telekom AG in 2016. The approach will also be applied in BT’s next-generation 5G mobile network, for which it is procuring equipment.

  • BT to remove Huawei equipment from its core 4G network: FT
    Reuters5 months ago

    BT to remove Huawei equipment from its core 4G network: FT

    The move by BT will bring its mobile phone business in line with an internal policy to keep the Chinese company's equipment at the edge of telecoms infrastructure, the paper said https://www.ft.com/content/c639aaf4-f7c9-11e8-8b7c-6fa24bd5409c. BT has also excluded Huawei from bidding for contracts to supply equipment for use in its core 5G network, it said. The Wall Street Journal in November reported that the U.S. government was trying to persuade wireless and internet providers in allied countries to avoid telecommunications equipment from Huawei.