DIRS.INFO The most relevant business & tech news

☆ BT maintains 2024 outlook after Q2 core profit beat
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - BT Group (BT.L), Britain's biggest broadband and mobile provider, posted second quarter earnings slightly ahead of forecasts putting it on track to meet 2024 guidance, in one of the outgoing CEO's final announcements. Strong cost controls helped BT post a 3% rise in adjusted core profit (EBITDA) to 2.06 billion pounds ($2.51 billion) for the three months to the end of September, beating the 2.03 billion pounds consensus forecast. "These results show that BT Group is delivering and on target: we're rapidly building and connecting customers to our next generation networks, we're simplifying our products and services," Jansen said in a statement on Thursday. The quarterly result meant BT maintained its outlook to grow revenue and profits for its current 2024 financial year, and the group said it expected free cash flow towards the top end of its 1 billion to 1.2 billion pound range. ($1 = 0.8215 pounds)Reporting by Yadarisa Shabong in Bengaluru and Sarah Young in London; Editing by Savio D'Souza and James DaveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Allison Kirkby, Sweden's, Philip Jansen, Jansen, Yadarisa, Sarah Young, Savio D'Souza, James Davey Organizations: BT, Britain's, Sweden's Telia, Thomson Locations: Bengaluru, London

☆ BT rises after quarterly earnings beat forecasts
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: +1 min

A BT Group Plc logo on a EE/BT Group Plc store in London, UK, on Wednesday, May 17, 2023. BT Group, Britain's biggest broadband and mobile provider, posted a second quarter earnings beat and forecast annual cash flow at the top end of a range, lifting its shares in a parting boost for outgoing CEO Philip Jansen. Shares in BT jumped 5% in early deals, good news for Jansen who is due to step down early next year and has long said he has been disappointed by the group's stock performance. Her job will be to complete Jansen's multi-billion pound push into fibre networks and extending 5G networks, the cost of which has hit free cash flow and weighed on the share price. For the three months to the end of September, BT posted a 3% rise in adjusted core profit (EBITDA) to 2.06 billion pounds ($2.51 billion) beating the 2.03 billion pounds consensus forecast.

Persons: Philip Jansen, Jansen, Hargreaves, Matt Britzman, Allison Kirkby, Sweden's Organizations: BT, BT Group Plc, BT Group Locations: London

☆ New BT boss’s biggest test is investor relations
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 31 (Reuters Breakingviews) - BT’s (BT.L) board faced the challenge of hiring a new CEO willing to implement a turnaround strategy decided by their predecessor. It has solved that problem by appointing one of its own members, Allison Kirkby, to the post vacated by outgoing Philip Jansen. Shares in the Swedish telco sank 4% on news of her departure, suggesting Telia’s loss is a gain for BT. Kirkby won’t take over until January 2024 but, having sat on BT’s board for more than four years, she should be able to hit the road running. Keeping these two investors on her side will be the real test for Kirkby at BT.

Persons: Allison Kirkby, Philip Jansen ., Swedish telco, Kirkby won’t, Patrick Drahi’s, Jansen, Pierre Briançon, Liam Proud, Oliver Taslic Organizations: Reuters, Telia Company, BT, Kirkby, Deutsche Telekom, Twitter, Soaring, of Japan, Thomson Locations: Swedish, Kirkby

☆ Telecoms giant BT Group appoints Allison Kirkby as CEO
▼ + stars: | 2023-07-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Kirby has previously served as president and CEO of Swedish telecoms provider Telia, with experience at Virgin Media and Denmark's TDC. She has been a member of the BT Group board for the past four years. His legacy includes BT's push to build a national fibre network, offering discounted wholesale fibre pricing to major broadband providers in exchange for shifting customers to the grid. U.K. telecoms regulator Ofcom in May ruled that BT subsidiary Openreach's Equinox 2 wholesale pricing scheme was allowed. "Based on the evidence available to us, we don't consider Openreach's new pricing discounts to be anti-competitive," Ofcom said at the time.

Persons: Allison Kirkby, Philip Jansen, Kirby, Jansen Organizations: BT Group, Telia, Virgin Media, TDC, BT, Ofcom, Openreach's

☆ Live updates: Russia's war in Ukraine, losses in Bakhmut
▼ + stars: | 2023-07-26 | by ( Chris Lau | ) edition.cnn.com time to read: +1 min

Catherine Ivill/Getty Images/FILEWhen Russia launched its full-scale invasion of Ukraine in February 2022, a slew of Western companies left in protest. But some of the world’s biggest firms — including Nestlé, Heineken and snack maker Mondelez — stayed put. Companies now find themselves caught between Western sanctions and public outrage on the one hand, and an increasingly hostile Russian government on the other. The Kremlin is making it more difficult for Western firms to sell their Russian assets — and imposing steep discounts and punitive taxes when they do. “Western companies are now caught between a rock and a hard place.”Read the full story here.

Persons: Telia Parken, Catherine Ivill, —, Vladimir Putin, Carlsberg, Maria Shagina, ” Organizations: Carlsberg, UEFA Europa, FC Kobenhavn, Celtic FC, Telia, Nestlé, Heineken, Companies, Danone, Breweries, International Institute for Strategic Studies, CNN Locations: Copenhagen, Denmark, Russia, Ukraine

☆ JPMorgan reveals its 'pecking order' for the second half including these high-yielding global stocks
▼ + stars: | 2023-07-10 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

JPMorgan has named a raft of European stocks it described as having high yields, strong balance sheets and safe dividends, such as BT Group , Bayer and Sainsbury's . In a July 3 note detailing its outlook for the second half of the year, analysts led by Mislav Matejka stated: "Our pecking order for 2H is: bullish on Staples, Utilities, Telecoms and Healthcare, European Energy could hold up well." The bank said international markets had outperformed the U.S., adding that it sees a "significant valuation discount in International vs US stocks." Its European Sustainable yield basket — made up of 40 "high- and sustainable-yielding European stocks, with safe dividends and strong balance sheets" — include stocks across the bank's preferred sectors. JPMorgan also chose a number of "cheap" global sectors it expects to outperform, including telecoms, energy and staples.

Persons: Mislav Matejka, JPMorgan's, J Sainsbury, Banks, Michael Bloom Organizations: JPMorgan, BT Group, Bayer, Sainsbury's, Healthcare, European Energy, International, Novartis, Sanofi, Telefonica, Telia Locations: Staples, Utilities, Swiss, Norwegian, Spanish, Swedish, Europe

SummaryCompanies BT boss who spearheaded fibre roll-out to step downJansen simplified former monopoly, retreated from sportsShares nearly halved under his tenureLONDON, July 10 (Reuters) - BT (BT.L) Chief Executive Philip Jansen will step down within the next year, having set plans in motion for Britain's biggest telecoms provider to cut jobs, become leaner and complete the roll-out of a national fibre network. Jansen had informed BT's board of directors that he plans to leave at "an appropriate moment" within the next 12 months, BT said on Monday. Since early 2019, Jansen has steered BT through a crucial period in its 177-year-history, secured funding for a national fibre network for 25 million homes and businesses and handled the arrival of billionaire investor Patrick Drahi on the shareholder register. "We suspect investors will find this transition a little premature given the fruits of BT's fibre investments have still yet to be proven out," analysts at J.P.Morgan wrote in a client note. Analysts named BT's consumer brands boss Marc Allera and Allison Kirkby, a BT board member and chief executive of Sweden's Telia, as possible successors.

Persons: Jansen, Philip Jansen, BT's, Patrick Drahi, J.P.Morgan, Adam Crozier, Marc Allera, Allison Kirkby, Sweden's, Sarah Young, Kate Holton, Sharon Singleton Organizations: BT, Britain's, Discovery, Deutsche Telekom, Ofcom, Thomson Locations: France, United States, Portugal, Israel

☆ European shares fall as banking sector jitters eclipse upbeat earnings
▼ + stars: | 2023-04-26 | by ( Shubham Batra | ) www.reuters.com time to read: +3 min

The pan-European STOXX 600 index (.STOXX) fell 0.7%, as regional banking stocks (.SX7E) dropped 1.2%. Earnings from Microsoft Corp (MSFT.O) and Google's parent Alphabet Inc (GOOGL.O) beat expectations, but recessionary worries in the world's largest economy kept investor sentiment fragile. Shares of Swiss banking software company Temenos AG (TEMN.S) jumped 10.2% after it reported first-quarter earnings above consensus. Meanwhile, ASM International NV (ASMI.AS) fell 10.0% after the Dutch semiconductor equipment maker reported a drop in first-quarter orders, citing softening market conditions, despite an estimate-beating revenue. Dassault Systemes SE (DAST.PA) slid 7.4% after the French software maker reported first-quarter numbers broadly in line with estimates but with a miss on software licenses.

☆ Telia warns of $2 bln impairment in Q4 as interest rates rise
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, Jan 20 (Reuters) - Swedish telecom operator Telia Company (TELIA.ST) warned on Friday its fourth-quarter results would be hit by non-cash impairment charges due mainly to increased cost of capital. It said the bulk of costs related to goodwill writedowns at its Finland and Norway units, with charges of 9.5 billion crowns and 8.5 billion, respectively, reflecting slowing economies and higher market rates. Shares in Telia, which is in the midst of a years-long cost cutting programme, were down 1.4% in mid-day trade. Analysts before the news of the charge had on average expected Telia to report a fourth-quarter pretax profit of 1.7 billion crowns, according to Refinitiv SmartEstimate. ($1 = 10.2836 Swedish crowns)Reporting by Anna Ringstrom and Supantha Mukherjee Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Telia cuts outlook as soaring energy costs eat into profit
▼ + stars: | 2022-10-21 | by ( Supantha Mukherjee | ) www.reuters.com time to read: +2 min

Electricity prices have hit record levels in Europe after Russia's invasion of Ukraine and a fall in nuclear power production in several countries. Telia, which operates in the Nordic and Baltic countries, has hedged expects electricity costs to go up by 600 million crowns from 2.2 billion in 2022. Despite higher energy costs, quarterly core earnings were broadly in line with market expectations as Telia's business grew in all its markets for the first time in a decade. Third-quarter adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) rose to 8.07 billion Swedish crowns from 7.74 billion a year ago, while analysts had expected 8.13 billion crowns, according to a company-provided poll. In the latest quarter, the company saved 100 million crowns in costs.

☆ European shares drop as inflation, slowdown fears grip markets
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

Oct 21 (Reuters) - European shares dropped on Friday, triggered by fears that major central banks would retain their aggressive rate-hike stance to rein in prices, while investors digested mixed earnings reports that did little to ease concerns of an economic slowdown. read moreRenault (RENA.PA) confirmed its full-year outlook and posted a rise in quarterly sales. Still, shares of the French carmaker were down 2.3%, with its executive flagging raw material supply concerns. All sectoral indexes were in red, led by retail stocks (.SXRP), which dropped 3%. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Amruta Khandekar in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ EXCLUSIVE With eye on Big Tech, energy crisis, EU telcos call for shared network costs
▼ + stars: | 2022-09-26 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

REUTERS/Wolfgang Rattay/BRUSSELS, Sept 26 (Reuters) - Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and 13 other European telecoms providers on Monday made their strongest push for Big Tech to share network costs, citing the energy crisis and EU climate change goals. Register now for FREE unlimited access to Reuters.com Register"Costs of planning and construction works are increasing. Similarly, the hikes in energy prices and in the prices of other inputs are also hitting the connectivity sector," they said. Big Tech has rebuffed such requests, saying they are already investing in equipment and technologies to deliver content more efficiently. ($1 = 1.0301 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Foo Yun Chee;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ Fotbal: Preşedintele UEFA dă asigurări că EURO 2020 nu se va anula, dar s-ar putea juca într-o singură ţară
▼ + stars: | 2020-10-16 | by ( ) tvrmoldova.md time to read: +1 min

16.10.2020 12:15 Vizualizari:Fotbal: Preşedintele UEFA dă asigurări că EURO 2020 nu se va anula, dar s-ar putea juca într-o singură ţarăPreşedintele UEFA, Aleksander Ceferin, este sigur că turneul final al EURO 2020 la fotbal, amânat anul viitor din cauza pandemiei de coronavirus, se va disputa şi nu a exclus scenariul ca meciurile să se dispute într-o singură ţară, în loc de mai multe, transmite EFE şi Agerpres. ''Suntem absolut siguri că va avea loc, dar ar putea să se joace în 11 ţări, în opt, cinci sau una singură. Singura necunoscută este dacă va fi cu un public limitat pe stadioane, cu tribune pline sau fără spectatori'', a declarat Ceferin la canalul #Vamos. Şeful UEFA s-a referit şi la sistemul de arbitraj video, despre care a spus: ''VAR ajută fotbalul, dar îl şi poate afecta. În ce priveşte un turneu Final Four în Liga Campionilor, Ceferin a apreciat că acest sistem ar putea fi o opţiune după anul 2024.

Persons: Aleksander Ceferin, Johan Cruyff ArenA, Ceferin Organizations: UEFA, EURO, Olympic Stadium, Arena Naţională, Aviva Stadium, Hampden Park, Wembley, Allianz Arena, Gazprom Arena, Liga Campionilor Locations: Amsterdam, Olanda, Baku, Azerbaidjan, Bilbao, Spania, Bucureşti, România, Arena, Budapesta, Ungaria, Copenhaga, Danemarca, Dublin, Irlanda, Glasgow, Hampden, Londra, Anglia, Munchen, Germania, Roma, Italia, Sankt Petersburg, Rusia

Search resuls for: "Telia"

13 mentions found