|Bid||109.95 x 0|
|Ask||110.05 x 0|
|Day's Range||106.53 - 110.15|
|52 Week Range||98.39 - 212.25|
|Beta (5Y Monthly)||0.70|
|PE Ratio (TTM)||6.32|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 24, 2019|
|1y Target Est||284.59|
Finland's Nokia launched a set of tools on Thursday for data centre networking, developed in cooperation with Apple Inc, to help companies to manage the growth in traffic as 5G and machine learning technologies roll out. As the usage of 5G networks expands, vast quantities of data will be generated as more household appliances and other machines are linked up with sensors and artificial intelligence tools, creating the so-called "internet-of-things". Nokia, which competes against China's Huawei and Sweden's Ericsson to build 5G networks, has been broadening its portfolio by adding open interfaces to its 5G equipment and launching new networking products.
Britain expects China to adhere to international law, a spokesman for Prime Minister Boris Johnson said on Monday when asked what London could do if Beijing prevents those in Hong Kong with British National Overseas (BNO) status from leaving. Britain has offered a path to citizenship for around 3 million people in Hong Kong, its former colony, after declaring that China had broken the terms of a 1984 handover treaty by imposing a new security law this week.
Under the deal https://newsroom.bt.com/bt-appoint-sky-media-to-sell-bt-sport-advertising-inventory, financial terms of which were not disclosed, Sky Media would replace Channel 4 and also get access to BT's sport app and website. BT Sport has around 5 million subscribers in the UK and Republic of Ireland and is the sole UK rights holder for the UEFA Champions League and UEFA Europa League and offers live programming including the English Premier League. "This latest agreement is another perfect fit for both of us and it will mean Sky Media can offer clients all the best sports advertising available in the UK, in one place," said Patrick Behar, chief business officer at Sky, which is owned by U.S.-based Comcast.
British security officials have told UK telecom operators to ensure they have adequate stockpiles of Huawei equipment due to fears that new U.S. sanctions will disrupt the Chinese firm's ability to maintain critical supplies, according to a letter seen by Reuters. Britain granted Huawei a limited role in its future 5G networks in January, but Prime Minister Boris Johnson has since come under renewed pressure from Washington and some lawmakers in his own party who say the company's equipment is a security risk. Huawei has repeatedly denied the allegations.
Manchester City's 3-0 win over Arsenal as the Premier League returned to action on Wednesday attracted a peak of 3.4 million viewers, a 94 percent increase on the season's average audience, according to broadcasters Sky Sports. The audience for the game, which averaged 3.1 million viewers, was close to the season's most-watched match on Sky Sports, October's clash between Manchester United and Liverpool. Sky said the earlier match between Aston Villa and Sheffield United drew a peak audience of 2.7 million (2.4 million average), which was a 43 percent increase on the season average, despite being played at a much earlier time than most midweek broadcasts.
China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday. Cotton is one of several members of the U.S. Congress who have sought to put pressure on Britain to reverse its January decision to give China's Huawei Technologies a limited role in building Britian's next-generation 5G networks.
The first step for any decision on Chinese telecoms company Huawei is for Britain's National Cyber Security Centre (NCSC) to finish its work on the impact of U.S. sanctions, a spokesman for British Prime Minister Boris Johnson said on Monday. "The first thing that we need to do is to allow the NCSC to complete its work on the impact of the sanctions, that's ongoing."
Premiership clubs have agreed to start contact training as preparations intensify for the resumption of English football.
Britain set out in January that it was seeking entrants into the market for 5G telecommunications and that London is speaking to allies about it such as the United States, a spokesman for Prime Minister Boris Johnson said on Friday. "We set out in January that we were seeking new entrants into the market in order to diversify, and that is something we have been speaking with our allies about including the United States," the spokesman said. Britain is also looking at any impact new U.S. sanctions on Huawei might have.
The following are the top stories on the business pages of British newspapers. The Times - Retailers are in line for a rebate of up to 500 million pounds ($610.70 million) after Britain's highest court decided that cash machines cannot be taxed separately under business rates. - UK's NHS and social care staff will be given antibody tests revealing whether they have had coronavirus from next week, ministers are to announce on Thursday.
European stocks and U.S. futures climbed early on Friday as signs of a recovery in China helped boost after a strong finish on Wall Street.
U.K. stocks gave back earlier gains and the pound slipped on Friday as Brexit concerns and U.S.-China trade tensions resurfaced.
Germany's Bundesliga will attract legions of new armchair fans around the world this weekend when it becomes the first of Europe’s major soccer leagues to resume after a two-month shutdown due to the coronavirus. In normal circumstances, the German game, dominated in recent seasons by Bayern Munich, lacks the marketing pull of England's Premier League or Spain’s La Liga, which boasts the world’s two biggest clubs in terms of revenue - Barcelona and Real Madrid. "With the Bundesliga as the only league to be broadcast on TV, I expect we will have an audience of a billion," Bayern CEO Karl-Heinz Rummenigge told SportBild magazine on Wednesday.
After the euphoria of April, world stocks are on track for their biggest weekly loss since mid-March, when the coronavirus-linked rout was in full swing. European markets are enjoying rises of 1% to 2%. Today's data showing China's industrial output surprising to the upside could also support the thesis that crude demand will rise as economies re-open.
European shares rose on Friday, with investors taking comfort in China's first rise in factory output this year after it eased a coronavirus-induced lockdown, but lingering Sino-U.S. tensions kept stocks on course for weekly declines. The pan-European STOXX 600 rose 1.4% by 0715 GMT, with travel stocks leading sectoral gains after a 2.7% jump. Miners and chipmakers, exposed to the health of China's economy, also rose after data showed China's industrial production climbed 3.9% in April, faster than the 1.5% increase forecast by analysts.
BT Group Plc is in talks to sell a multibillion pound stake in its Openreach division to infrastructure investors, in a move that would bankroll a 12 billion pounds ($14.68 billion)upgrade of Britain's broadband network and boost the telecom group's flagging share price. Transport for London is set to receive a government bailout of 1.6 billion pounds ($1.96 billion) after it came close to running out of money following a plunge in passenger numbers during the coronavirus lockdown.
Its dividend had been seen as under threat as a result of the coronavirus crisis and the prospect of a merger between Liberty Global’s Virgin Media and Telefónica’s O2.
The two companies take on BT and Sky with £31 billion telecom megamerger that would reshape the British telecom landscape.
The views expressed are his own.) Stronger than-expected Chinese export numbers might boost speculation that the Asian giant's economy can recover quickly and come to the aid of global growth. Another warning on the world economic outlook came from the Bank of England which said the coronavirus crisis could cause the biggest economic slump in 300 years. Markets are also wary of developments in Turkey where the lira has fallen to a record low of 7.25 against the U.S. dollar.
European stocks opened higher on Thursday, with energy companies and the retail sector rising. The Stoxx Europe 600 index rose 0.7% to 336.60 and the German DAX index was up 0.4%. The FTSE 100 index rose 0.3%, while the pound gained after recent losses, after the Bank of England left key rates and its bond-buying program unchanged. U.S. stock futures rose as investors waited for weekly jobless claims data. Shares of BT Group tumbled 8% after the telecoms group said it would suspend its dividend until 2022 to fund a restructuring plan and deal with the pandemic. But those shares also fell as Liberty Global and Telefonica announced a merger of their U.K. operations in a 50-50 joint venture. Shares of Telefonica climbed 3%. Shares of Zalando SE jumped 11% after the online retailer's well-received results.
European shares edged higher on Thursday as a surprise rise in China's exports overshadowed another set of grim results and a warning from Air France-KLM that demand could take "several years" to recover. The pan-European STOXX 600 rose 0.6% by 0715 GMT, following a steady session in Asia after Beijing reported a 3.5% rise in April exports, confounding market expectations for a sharp fall, as factories restarted production after the coronavirus pandemic. Europe's miners and retailers, exposed to the health of the worlds No. 2 economy, led gains with a 1.5% rise.
Spain's Telefonica SA and U.S. tycoon John Malone's cable group Liberty Global on Thursday said they will merge their U.K. operations in a 50-50 joint venture. The deal values Spain's O2 at £12.7 billion ($15.6 billion) and Liberty Global's Virgin Media at £18.7 billion ($23 billion), and is expected to deliver synergies of £6.2 billion ($7.6 billion). Both parties will receive net cash proceeds at the close of the deal -- expected in mid 2021 -- after a series of recapitalizations -- £5.7 billion for Telefonica and £1.4 billion for Liberty Global (after an equalization payment to Telefonica of £2.5 billon). The deal, which ends days of speculation, is expected to reshape the U.K telecom industry, creating a competitor to the country's top operator, BT Group, .
Britain's government made a firm decision to allow China's Huawei to have a role in building the country's 5G phone network and as far as the foreign ministry's top official understands it is not being reopened, he said on Tuesday. Britain decided in January to allow Huawei into what the government said were non-sensitive parts of its 5G network, capping its involvement at 35%.
The following are the top stories on the business pages of British newspapers. - British Prime Minister Boris Johnson has left intensive care after three nights and is in the "early stage of his recovery" from a coronavirus infection, according to a statement from Downing Street. - Diageo Plc, the world's largest spirits maker, on Thursday abandoned forecasts owing to the "significant impact" of the coronavirus crisis on its business and suspended its 4.5 billion pounds ($5.57 billion) share buyback programme.
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.