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BT revealed that Brendan Barber - chairman of employment relations service Acas and a former Trades Union Congress boss - and Edward Astle - a former Board member of National Grid PLC (LON:NGG) - will become non-executive directors of Openr
The surprise change at the top came as the FTSE 250-listed firm also reported a 5.4% drop in third-quarter net revenues to £435mln, down from £459mln a year earlier.
Vodafone said it was in talks with Ideal Cellular’s owner, Indian conglomerate Aditya Birla about an all-share deal that could help the groups counter fierce competition.
BT posted third quarter pretax profits of £526min, down from £832mln a year earlier, as revenues rose to £6.13bn.
BT's 'Italian Job' has done more than 'blow the bloody doors off'. Was the reaction overdone?
Charter Communications shares were one of the top three gainers in the S&P 500 index’s latest record high registered on Thursday
After Tuesday’s share price debacle, investors will be hoping BT Group can provide some reassurance with third-quarter numbers on Friday.
Verizon reported its third consecutive quarterly decline after six years of growth, with earnings of US$4.5bln, or US$1.10 a share, down from US$5.39bn, or US$1.32 a share.
BT also spooked investors with a cautious update in today’s announcement, saying “the outlook for UK public sector and international corporate markets has deteriorated.”
The broker expects average revenue per user (ARPU) to decline at a faster pace than the market is currently predicting
The FTSE 100-listed firm, which announced an initial investigation in October, said the review had found “a complex set of improper sales, purchase and leasing transactions.”
Department 13 International (ASX:D13) has commercially launched its flagship counter-drone product, MESMER Version 1.0, a patented, non-kinetic drone mitigation solution.
Up until now BT Sport had been free to its TV channel subscribers
Of the 14 brokers logged as following BT, eight are ‘buyers’ and only two have ‘sell’ recommendations on the stock.
The acquisitive satcoms company, which specialises in the provision of rural and last mile broadband services, has bought a French rival
The research house repeated its ‘buy’ recommendation on the stock and 560p a share price target.
It may be the Netherlands but Vodafone believes the future is not orange
The company's CTO spent £192,500 buying shares at 7.7p a throw
Chinese partner Egens Biotechnology Company has paid US$2.85mln for a 4.9% stake in Adaltis and is providing a US$1.5mln shareholder loan.
The group said that a key strategic review of the business, which began in July, has led it to terminate the formal sale process it had announced in September.