Bigblu Broadband continues to trade in line with expectations, well positioned for second half
Total revenue for the six months to end-May grew 13.8% to £14.9mln, while adjusted EBITDA climbed 1.4% to £2.0mln
Sector
Telecommunications
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FTSE 100 ends flat as Wall Street dips again after dire first half to 2022
At the close, the UK blue-chip index was just 0.63 points lower at 7,168.65, below the session peak of 7,214.82 but well above the day’s low of 7,101.38
BT has prepared for potential strike amid political pressure not to hike pay offer
The company's main trade union will announce the result of its strike ballot tomorrow afternoon, with analysts expecting a 'yes' vote
When is a food bank not a food bank: BT disputes union claim
Earlier this week the telecoms group held a virtual town hall meeting where boss Philip Jansen, who saw his own pay rise 32% this year, said a strike would “damage the business” by harming customer relationships
BT and Vodafone set to meet culture secretary over cost of living crisis
Berenberg warns that mass-market pricing could damage investment in the sector
BT Group workers begin ballot on potential strike
It is expected that the ballot result will be announced before the end of June
BT complains about lack of govt support in broadband rollout, as 'alt net' rivals threaten
The boss of BT's Openreach arm said difficulties in hiring enough skilled staff from abroad was “constraining the rate of fibre build”
Vodafone needs big deals as growth prospects are underwhelming says JPM
Headwinds in Germany are likely to offset any other improvements, according to the note
BT's sports arm merger with Discovery facing competition scrutiny
A merged BT/Discovery would be able to offer sports fans Champions League and Premier League football plus a host of other events
BT Group facing national strike ballot
It will be the first national strike at the telco for 35 years
US stocks rise Wednesday after Fed meeting minutes signal further interest rate hikes
The minutes reaffirmed that the Fed's position is that it would be appropriate to rise interest rates by 50 basis points over the next couple of meetings
Snap dives and spooks wider tech sector
The social media company blamed economic conditions worsening "further and faster than anticipated", as well as changes to Apple's iPhone privacy settings and the war in Ukraine
BT Group set for price boost in coming days - Berenberg
"We believe that BT moving to growth represents a watershed moment in the investment case,” Berenberg said.
Citi not wildly impressed with BT Group
The upside for BT is likely capped according to analysts at Citigroup.
'Barbarians' inside the gates: how private equity is raiding the infrastructure sector
With BT, Vodafone and others also attracting major investors and almost US$1.8 trillion of ‘dry powder’ sitting in private equity balance sheets, who could they swoop for next?
Vodafone 'pursuing a range of opportunities' but concerned by inflation
Net debt stood at €41.6bn at year-end, down from €40.5bn a year earlier
Vodafone's new investor not likely to remain passive, says JPMorgan
The telecoms group has long been criticized for capex warnings, operational disappointment, excess complexity and a poor M&A record “making it a prime target for activism”
Vodafone perks up as Middle Eastern investor takes US$4.4bn stake
A 9.8% stake was purchased for a premium price of 129p a share, or US$4.4bn, making it the FTSE 100 telecoms group's largest shareholder
Vodafone downgraded ahead of results, but analysts see 'significant synergies' from Three merger
Jefferies cut its rating as it sees higher energy and wage bills being an issue that management will need to deal with
BT Group sees ‘better value’ in Discovery deal - broker
BT is getting more from the deal than the share price had priced in, meanwhile, Barclays reckons the telecoms firm is inflation resistant.