Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "BT Group"


17 mentions found


Auto, travel firms weigh on European shares ahead of ECB meeting
  + stars: | 2021-06-10 | by ( Sruthi Shankar | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) -European stocks slipped on Thursday as automakers and travel stocks fell after a recent run of gains, while investors counted on the European Central Bank to maintain an accommodative policy stance at a meeting later in the day. Automakers fell for the third straight day, while travel and leisure stocks dropped 1.1% following recent gains for the sectors on optimism about economic re-openings. Euro zone stocks fell 0.2% ahead of the ECB’s policy decision and its projections for euro zone economic growth and inflation. The meeting comes as recent data from across the globe point to building inflationary pressures, particularly in commodities, as economies recover from long COVID-19 lockdowns. Euro zone inflation last month exceeded the central bank’s target of just under 2%, a mark it has undershot for most of the last decade.
Persons: Christine Lagarde’s, pare Organizations: Reuters, European Central Bank, REUTERS, Staff, Volkswagen, RBC Capital Markets, BT Group, Altice, Spotify, Apple Music Locations: Frankfurt, Germany
(Reuters) -European stocks inched to fresh peaks on Thursday as the European Central Bank raised its recovery outlook and promised to keep ample stimulus flowing, while travel stocks fell after a recent run of gains. REUTERS/StaffThe pan-European STOXX 600 index was up just 0.1%, but at a fresh record high of 455.76 points, while the narrower index of euro zone stocks fell 0.1%. The central bank now sees 2021 euro zone economic growth at 4.6%, above the 4% projected in March. “The ECB’s main mission today was to avoid any taper talk and not harm the still tentative economic recovery or allow bond yields to surge prematurely,” said Carsten Brzeski, global head of macro at ING. “It accomplished its mission: the ECB seems to have bought some time without starting the taper talk.”Interest rate-sensitive banking stocks rose 0.4%, while tech stocks rose 0.9%.
Persons: Christine Lagarde, , Carsten Brzeski, pare Organizations: Reuters, European Central Bank, REUTERS, Staff, ECB, ING, Federal Reserve, Volkswagen, BT Group, Altice, Spotify, Apple Music Locations: Frankfurt, Germany
Auto, oil firms weigh on European shares ahead of ECB
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)June 10 (Reuters) - European stocks inched lower on Thursday as energy and automakers’ shares slipped, with investors focused on a European Central Bank meeting later in the day. The pan-European STOXX 600 index slipped 0.1% by 0713 GMT, snapping a four-day winning streak. Automakers slid nearly 1%, while oil and gas sector shed 0.9%. Euro zone stocks fell 0.2%, ahead of the ECB policy decision and its projections for economic growth and inflation. French digital music company Believe, which helps to distribute music via deals with platforms such as Spotify and Apple Music, dropped 10.2% in its stock market debut.
Persons: Sruthi Shankar, Sriraj Kalluvila Organizations: , European Central Bank, BT Group, U.S, Altice, Spotify, Apple Music Locations: Bengaluru
LONDON/PARIS (Reuters) -Billionaire Patrick Drahi’s Altice Group has bought a 12.1% stake worth about 2.2 billion pounds ($3.1 billion) in Britain’s BT Group, becoming its largest shareholder. “Altice holds the board and management team of BT in high regard and is supportive of their strategy,” Altice UK, a company formed for the purpose of holding the BT stake, said. The stake puts Altice ahead of Deutsche Telekom, which owned 12.06% of BT based on recent filings, Refinitiv data shows. “Altice UK has informed the BT board that it does not intend to make a takeover offer for BT,” it added. We are making good progress in delivering our strategy and plan,” BT said in a statement following Altice UK’s announcement.
Persons: Patrick Drahi’s, Altice, “ Altice, , , Drahi Organizations: Britain’s BT Group, SFR, BT, Deutsche Telekom, “ Altice, Britain’s, ” BT, Vivendi Locations: PARIS, France, Orange, Switzerland, United States, Israel, U.S
REUTERS/Rafael Marchante/File PhotoDrahi’s newly-created vehicle Altice UK announced the holding in a statement on Thursday which drove BT’s shares to a 17-month high. Altice UK is owned by Next Alt, dealmaker Drahi’s private holding, which also controls SFR, the second largest telecoms operator in France behind Orange. “Altice holds the board and management team of BT in high regard and is supportive of their strategy,” Altice UK, a company formed for the purpose of holding the BT stake, said. “Altice UK has informed the BT board that it does not intend to make a takeover offer for BT,” it added. Altice UK has ruled itself out of making a full takeover offer for six months by virtue of its statement.
Persons: Patrick Drahi, Rafael Marchante, “ Altice, , , Jefferies, Altice, Drahi, Morgan Stanley Organizations: BT Group, REUTERS, SFR, Orange, BT, “ Altice, Britain’s, Deutsche Telekom, Vivendi Locations: PARIS, Lisbon, Portugal, France, British, Spain, Switzerland, United States, Israel, Europe, Dominican Republic, U.S
Altice takes 12% stake in BT, no takeover offer plans
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com + 1.00   time to read: +1 min
(Reuters) - Patrick Drahi’s Altice Group said on Thursday that it had taken a 12.1% stake in Britain’s BT Group becoming its largest shareholder. Slideshow ( 2 images )“Altice holds the Board and Management team of BT in high regard and is supportive of their strategy,” Altice UK, a company formed for the purpose of holding the BT stake, said in a statement. “Altice UK has informed the BT Board that it does not intend to make a takeover offer for BT.”The stake was worth about 2.2 billion pounds based on BT’s closing price on Wednesday. BT said it noted Altice’s announcement and its statement of support for its management and strategy. “We welcome all investors who recognise the long-term value of our business and the important role it plays in the UK,” BT said.
Persons: Patrick Drahi’s Altice, “ Altice, , Organizations: Reuters, BT Group, Management, BT, “ Altice, BT Board, Britain’s, ” BT, Orange Locations: SFR, France
UPDATE 1-Inflation fears rattle European stocks
  + stars: | 2021-05-13 | by ( Sruthi Shankar | ) www.reuters.com + 0.00   time to read: +2 min
The pan-European STOXX 600 index fell 1.6%, drifting further away from an all-time high. Basic resources and oil and gas sectors , among recent market leaders on the back of a surge in commodity prices, fell about 3%. Automakers also shed more then 3%, while defensive names like healthcare and telecoms posted small losses. British luxury brand Burberry tumbled 7.9% on reporting a 10% drop in annual sales, weighed down by the COVID-19 pandemic. In another disappointing London stock market debut, shares of Canadian chip company Alphawave plunged by as much as 18%.
Persons: we’ve, , Frederique Carrier, Sruthi Shankar, Anil D’Silva Organizations: Federal Reserve, RBC Wealth Management, Burberry, BT Group, Telefonica Locations: U.S, London, Canadian, Spanish, Denmark, Finland, Norway, Sweden, Switzerland, Bengaluru
(Reuters) -London’s FTSE 100 fell on Thursday, dragged down by heavyweight commodity stocks and Burberry Group after an underwhelming earnings update, while fears of a spike in inflation as the economy recovers hurt demand for equities. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby MelvilleThe blue-chip index slipped 2.3% to its lowest level since April 7. Globally, stocks slipped after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening. Canadian computer chip designer Alphawave IP Group’s shares tumbled 15% in their London market debut.
Persons: Toby Melville, , Connor Campbell, choppiness Organizations: Reuters, Burberry Group, London Stock Exchange Group, City of, REUTERS, Burberry, BP, Royal, Shell, Reserve, Spreadex, BT Group, Iron Mountain Inc Locations: City, City of London, Britain, Canadian, London
Commodity stocks, inflation worries drag FTSE 100 to over 5-week low
  + stars: | 2021-05-13 | by ( Shivani Kumaresan | Devik Jain | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) -London’s FTSE 100 fell on Thursday, dragged down by losses in heavyweight commodity stocks and Burberry Group, while fears of a spike in inflation as the economy recovers hurt demand for equities. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Globally, stocks slipped after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening. Luxury brand Burberry tumbled 4.2% on Thursday after it reported lower annual sales, hit by store closures and reduced tourism. Canadian computer chip designer Alphawave IP Group’s shares tumbled 16.3% in their London market debut.
Persons: Toby Melville, , Sophie Griffiths Organizations: Reuters, Burberry Group, London Stock Exchange Group, City of, REUTERS, Miners, Rio Tinto, BHP Group, Royal Dutch Shell, Reserve, & EMEA, Burberry, BT Group, Iron Mountain Inc Locations: City, City of London, Britain, Rio, American, OANDA, , Canadian, London
European stocks resume slide on rising inflation worries
  + stars: | 2021-05-13 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 28, 2021. REUTERS/Staff(Reuters) - European stocks slid on Thursday, tracking a selloff on Wall Street, as a rapid rise in U.S. inflation spooked investors, while a drop in commodity prices weighed on heavyweight miners. The pan-European STOXX 600 index fell 1.0%, heading further away from all-time highs. Basic resources and oil and gas sectors, among the recent top gainers on the back of a surge in commodity prices, fell over 2% as a strong dollar put a dent in metal and oil prices. [MET/L]British luxury brand Burberry tumbled 8.8% on reporting a 10% drop in annual sales, weighed down by the COVID-19 pandemic.
Organizations: REUTERS, Staff, Reuters, Burberry, BT Group, Markets Locations: Frankfurt, Germany, British, Denmark, Finland, Norway, Sweden, Switzerland
(Reuters) - European stocks dipped on Thursday, weighed down by a fall in heavyweight miners after commodity prices tumbled, while a rapid rise in U.S. inflation kept risk sentiment at bay. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 28, 2021. Basic resources fell 3.0%, leading declines among European sectors, while oil and gas slipped 1.4%. British luxury brand Burberry tumbled 4.2% on reporting a 10% drop in annual sales, weighed down by the COVID-19 pandemic. In another disappointing London stock market debut, shares of Canadian chip company Alphawave plunged by as much as 21%.
Persons: , Michael Hewson, , Royce Organizations: Reuters, REUTERS, Staff, Federal Reserve, Wall, CMC Markets, Burberry, BT Group Locations: Frankfurt, Germany, London, Canadian, British, Denmark, Finland, Norway, Sweden, Switzerland
UK's BT Group in talks to divest stake in television unit -The Telegraph
  + stars: | 2021-04-28 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 min
BT Group Plc (BT.L) is in talks with Amazon.com Inc (AMZN.O), Walt Disney Co (DIS.N) and Sport streaming app DAZN to divest a stake in its television unit BT Sport, The Telegraph reported on Wednesday. (https://bit.ly/3xzlmJo)A British broadcaster is also involved in the discussions and potentially leading the bidding, the report said, citing City sources. BT Group declined to comment. Amazon and Disney did not respond immediately to a Reuters request for comment. Our Standards: The Thomson Reuters Trust Principles.
Organizations: BT Group, Amazon.com Inc, Walt Disney Co, BT Sport, The Telegraph, BT, Disney, Thomson Locations: British
UK’s BT Group in talks to divest stake in television unit -The Telegraph
  + stars: | 2021-04-28 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Simon DawsonBT Group Plc (BT.L) is in talks with Amazon.com Inc (AMZN.O), Walt Disney Co (DIS.N) and sport streaming company DAZN to divest a stake in its television unit BT Sport, The Telegraph reported on Wednesday. BT, Britain's biggest broadband and mobile operator, moved into sports broadcasting in 2012 when it won the rights to show a package of live Premier League soccer matches. It also has the rights to show Champions League soccer until 2024 under a three-year 1.2 billion pound deal. The Premier League would in normal circumstances have auctioned the next packages of domestic rights by now, but the COVID-19 pandemic has disrupted the timetable. The Telegraph reported that the Premier League is seeking government approval to roll over the current deals, which also included Amazon.
Persons: Simon Dawson, Philip Jansen, Disney Organizations: British Telecom, BT, REUTERS, Simon Dawson BT Group, Amazon.com Inc, Walt Disney Co, BT Sport, The Telegraph, Britain's, Premier League soccer, Champions League, Premier League, Telegraph, Amazon, BT Group, Thomson Locations: London, Britain, British
UK's competition watchdog clears O2 and Virgin Media tie-up
  + stars: | 2021-04-14 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: A man walks past an O2 phone store in Manchester, Britain March 7, 2016. REUTERS/Phil NobleLONDON (Reuters) -Britain’s competition watchdog said on Wednesday it has provisionally cleared a merger between broadband company Virgin Media and Telefonica’s UK mobile network O2 after an investigation into the $38 billion deal’s potential impact. The Competition and Markets Authority said that its investigation had focused on whether the deal was likely to result in a substantial reduction of competition in the supply of wholesale mobile services and concluded this was unlikely. Virgin Media owner, Liberty Global Plc, and Telefonica agreed in May last year to merge the British businesses to create a powerhouse in mobile and broadband to take on market leader BT Group. The two sides set out earlier this month its new management team, with the Virgin Media boss Lutz Schuler becoming chief executive.
Persons: Phil Noble LONDON, , Martin Coleman, Lutz Schuler Organizations: O2, REUTERS, Virgin Media, Telefonica’s, Markets Authority, CMA, Liberty Global Plc, Telefonica, BT Group Locations: Manchester, Britain
LONDON (Reuters) -Britain’s competition watchdog said on Wednesday it had provisionally cleared the 31.4 billion pound ($43.3 billion) merger between broadband company Virgin Media and Telefonica’s UK mobile network O2. FILE PHOTO: A man walks past an O2 phone store in Manchester, Britain March 7, 2016. The regulator said it believed there was sufficient competition within the market to prevent either player raising wholesale broadband or mobile prices to the detriment of rivals who use its infrastructure. The decision was welcomed by Virgin Media owner Liberty Global Plc and Spain-based Telefonica, which took note of the CMA’s provisional conclusions. The two sides said earlier this month that Virgin Media boss Lutz Schuler would become chief executive of the new company and O2 chief financial officer Patricia Cobian would take on the same role within the merged entity.
Persons: Phil Noble The, , Martin Coleman, Lutz Schuler, Patricia Cobian Organizations: Virgin Media, Telefonica’s, O2, REUTERS, Markets Authority, CMA, Liberty Global Plc, Telefonica, Reuters, BT Group Locations: Manchester, Britain, Spain
Elon Musk's Starlink satellite internet service has been approved by UK regulator Ofcom, Bloomberg reported Saturday. Starlink, from Musk's aerospace company SpaceX, will now compete with the likes of BT Group and UK-based satellite service OneWeb to provide internet to people across the UK. The UK has given the green light to SpaceX's Starlink satellite internet service, and users in the country have already begun receiving their kit for the company's public beta. Starlink is part of the billionaire's aerospace company, SpaceX, which has so far blasted at least 830 working Starlink satellites into orbit. The UK isn't the only major market that SpaceX is entering: Greece, Germany and Australia have also approved Musk's broadband service, according to reports.
Persons: Elon, Philip Hall, Hall, , Musk's, Starlink Organizations: Ofcom, Bloomberg, SpaceX, BT Group, . People, Elon, Starlink, Bharti Global, BT Locations: British, Devon, England, North America, Canada, Greece, Germany, Australia
Barclays predicts some stocks like BP could rally more than 50% next year
  + stars: | 2020-11-26 | by ( Elliot Smith | ) www.cnbc.com sentiment -0.99   time to read: +2 min
Barclays Bank building Chris Ratcliffe | Bloomberg | Getty ImagesBarclays has backed European equities to hit new highs in 2021, with 13% potential upside for the Stoxx 600 and two stocks offering more than 50% potential returns. In their 2021 outlook, equity analysts at the bank said a stock market rally would mostly be driven by earnings-per-share growth, with high-efficacy vaccines bringing the Covid-19 pandemic under control and a return to normality bringing about a strong upswing for cyclical stocks. Barclays' biggest overweight stock for 2021 is oil major BP, for which it sees 63.7% upside potential, followed by Dutch bank ABN Amro with 50.6% and British telecoms company BT Group with 47.2%. The year's biggest losers are expected to be Lufthansa, for which Barclays sees a -46.1% potential downside, Dutch payment company Adyen (-34.1%) and British online supermarket Ocado (-30.5%). However, Barclays does see room for continued rotation away from "relative safe havens" such as bonds, cash, developed markets, U.S. growth and defensive stocks into lesser-owned riskier assets, such as emerging market and European equities, cyclical and value stocks.
Persons: Chris Ratcliffe, Emmanuel Cau, Cau Organizations: Barclays Bank, Bloomberg, Getty, Barclays, ABN Amro, BT Group, Lufthansa Locations: British
Total: 17