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United Kingdom

BT Group PLC (BT.L)

BT.L on London Stock Exchange

241.80GBp
20 Apr 2018
Change (% chg)

1.50 (+0.62%)
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Latest Key Developments (Source: Significant Developments)

UK's Ofcom Publishes Final Results Of Spectrum Auction
Friday, 13 Apr 2018 

April 13 (Reuters) - UK's Ofcom:TELEFÓNICA UK LIMITED HAS BEEN ALLOCATED SPECTRUM FREQUENCIES 2350 - 2390 MHZ.THERE WERE NO ASSIGNMENT STAGE BIDS FOR 3.4 GHZ FREQUENCIES AWARDED TO TELEFÓNICA UK LIMITED AND VODAFONE LIMITED.PUBLISHED FINAL OUTCOME OF ITS AUCTION TO RELEASE MORE AIRWAVES FOR 4G MOBILE AND FUTURE 5G SERVICES.EE LIMITED HAS BEEN ALLOCATED SPECTRUM FREQUENCIES 3540 - 3580 MHZ, PAYING AN ADDITIONAL £1,002,000 FROM ASSIGNMENT STAGE.VODAFONE LIMITED HAS BEEN ALLOCATED SPECTRUM FREQUENCIES 3410 - 3460 MHZ.TOTAL AMOUNT PAID AS A RESULT OF ASSIGNMENT STAGE IS £14,135,000.HUTCHISON 3G UK LIMITED HAS BEEN ALLOCATED SPECTRUM FREQUENCIES 3460 - 3480 MHZ, PAYING AN ADDITIONAL £13,133,000 FROM ASSIGNMENT STAGE.COMPANIES TAKING PART IN AUCTION HAVE PAID A TOTAL OF £1.37 BILLION WITH ALL MONEY RAISED FROM AUCTION BEING PAID TO HM TREASURY.  Full Article

Federated Investors To Buy Majority Interest In ESG Manager Hermes Investment Management From BT Pension Scheme
Friday, 13 Apr 2018 

April 13 (Reuters) - Federated Investors, Inc. ::FEDERATED INVESTORS, INC. TO ACQUIRE MAJORITY INTEREST IN LONDON-BASED INTEGRATED ESG MANAGER HERMES INVESTMENT MANAGEMENT FROM BT PENSION SCHEME.UPON CLOSING, FEDERATED WILL PAY £246 MILLION (APPROXIMATELY $350 MILLION) TO BTPS FOR A 60 PERCENT INTEREST IN HERMES.AGREEMENT HAS BEEN APPROVED BY BOARDS OF FEDERATED AND BTPS.BTPS WILL RETAIN A 29.5 PERCENT SHARE IN HERMES AND WILL CONTINUE TO INVEST IN HERMES' STRATEGIES AS A CLIENT.FEDERATED WILL FUND TRANSACTION THROUGH A COMBINATION OF CASH AND AN EXISTING REVOLVING CREDIT FACILITY.COMBINED ORGANIZATION WOULD HAVE ABOUT $442.2 BILLION (£327.6 BILLION) IN ASSETS UNDER MANAGEMENT.CERTAIN MEMBERS OF HERMES' MANAGEMENT WILL HOLD AN AGGREGATE 10.5 PERCENT INTEREST IN HERMES.  Full Article

BT Pension Scheme To Sell Majority Stake In Hermes In 410 Mln Stg Deal- FT
Thursday, 12 Apr 2018 

April 12 (Reuters) - :BT PENSION SCHEME TO SELL MAJORITY STAKE IN HERMES IN 410 MLN STG DEAL - FT, CITING A SOURCE.  Full Article

BT Group Says Court Rules On Index For BTPS Pension Increases
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Bt Group Plc ::‍COURT RULES ON INDEX FOR BTPS PENSION INCREASES​.‍HIGH COURT HANDED DOWN JUDGMENT ON FRIDAY WHICH CONFIRMS THAT IT IS CURRENTLY NOT POSSIBLE TO CHANGE FROM RPI TO ANOTHER INDEX​."DISAPPOINTED WITH DECISION AND WILL NOW CONSIDER JUDGMENT IN DETAIL IN ORDER TO DECIDE NEXT STEPS".RELEVANT INDEX FOR PENSION INCREASES FOR MEMBERS IN SECTIONS A AND B OF BTPS REMAINS UNCHANGED AS CONSUMER PRICE INDEX​.NEXT STEP INCLUDES POSSIBILITY OF AN APPEAL.‍CONTINUE TO REVIEW FUTURE PENSION BENEFITS UNDER OUR MAIN DEFINED BENEFIT AND DEFINED CONTRIBUTION SCHEMES IN UK​.‍TRIENNIAL VALUATION IS PROCEEDING; STILL EXPECT TO COMPLETE VALUATION IN FIRST HALF OF 2018 CALENDAR YEAR​.‍HAVE JUST COMPLETED A CONSULTATION WITH AFFECTED EMPLOYEES AND ARE NOW CONSIDERING THEIR FEEDBACK BEFORE CONCLUDING REVIEW​.  Full Article

UK's Ofwat Announces Appointment Of Rachel Fletcher As Its New Chief Executive
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - UK'S OFWAT ::OFWAT ANNOUNCES APPOINTMENT OF NEW CHIEF EXECUTIVE.ANNOUNCED APPOINTMENT OF RACHEL FLETCHER AS ITS NEW CHIEF EXECUTIVE​.‍RACHEL'S APPOINTMENT FOLLOWS DEPARTURE OF CATHRYN ROSS, WHO IS LEAVING TO TAKE UP AN EXECUTIVE POSITON AT BT​.  Full Article

Ofcom Publishes Its Final Statement On Narrowband Market Review
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Office of Communications:OFCOM- HAS TODAY PUBLISHED ITS FINAL STATEMENT ON NARROWBAND MARKET REVIEW.OFCOM - OUR FINAL DECISIONS MEAN THAT WHERE COMPETITION IS NOT WORKING EFFECTIVELY, REGULATION WILL APPLY FOR PERIOD 1 DECEMBER 2017 TO 31 MARCH 2021.UK'S OFCOM - DECIDED TO REGULATE BT AND (IN THE HULL AREA) KCOM IN 3 WHOLESALE ACCESS MARKETS: WHOLESALE ANALOGUE FIXED TELEPHONE LINES,.UK'S OFCOM - ALSO DECIDED TO REGULATE TWO MARKETS THAT ENABLE THE DELIVERY OF DIGITAL TELEPHONE SERVICES TO BUSINESSES.  Full Article

UK's Ofcom says broadband and landline customers to get compensated without claiming
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Office of Communications:OFCOM- ‍BROADBAND AND LANDLINE CUSTOMERS WILL GET MONEY BACK FROM THEIR PROVIDERS WHEN THINGS GO WRONG, WITHOUT HAVING TO CLAIM IT.OFCOM- ‍CUSTOMERS SET FOR £142M IN PAYOUTS - AROUND NINE TIMES CURRENT LEVEL​.OFCOM-‍AS A RESULT OF OFCOM'S INTERVENTION, BT, SKY, TALKTALK, VIRGIN MEDIA AND ZEN INTERNET HAVE AGREED TO INTRODUCE AUTOMATIC COMPENSATION​.  Full Article

UK's Ofcom says ‍charges cut for up to a mln BT landline-only customers​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - UK's Ofcom::‍CHARGES CUT FOR UP TO A MILLION BT LANDLINE-ONLY CUSTOMERS​.‍BT CUSTOMERS WHO BUY ONLY A LANDLINE TELEPHONE SERVICE WILL SEE THEIR MONTHLY BILLS SLASHED BY £7 PER MONTH​.‍EXPECT BT'S £7 PRICE CUT TO MEAN OTHER PROVIDERS CAN FOLLOW SUIT​.  Full Article

UK's Ofcom issues notification to Plusnet regarding service charges
Tuesday, 14 Feb 2017 

UK's Office of Communications: Ofcom has now, following investigation, determined that there are reasonable grounds for believing that Plusnet contravened GC11.1 of the general conditions . Ofcom notified Plusnet under section 96A of the Communications Act 2003 for period between May 26 2011 and Sept. 3 2015 in respect of the contravention .Reasonable grounds to believe that Plusnet contravened GC 11.1 by overcharging customers in time period.  Full Article

UK's Ofcom provisionally finds BT overcharged Sky
Monday, 26 Sep 2016 

UK's Ofcom : Published provisional conclusions on dispute between BT and Sky regarding TRC and SFI charges . Part of scope of Sky dispute directly overlaps with TalkTalk’s dispute with BT . "We provisionally conclude that BT has not demonstrated" that TRC, SFI charges were compliant with applicable cost orientation conditions . "We provisionally conclude that certain of BT’s TRC and SFI charges exceeded DSAC during the relevant period." . Provisionally conclude that BT should be required to repay Sky repayment amount with interest at BOE+1% . "We consider that responses made in relation to the Sky dispute may be relevant to the issues raised in this dispute" . Considers appropriate not to issue final determination of TalkTalk dispute until considering implications of any responses to Sky dispute . "We provisionally conclude" it appropriate, proportionate to direct bt to make repayments. . "We provisionally agree with Sky that repayment of BT’s overcharge for TRCS and SFIS during the relevant period would be appropriate" .Propose to leave it to parties to agree exact level of repayment due, based on our calculations of the difference between price and DSAC.  Full Article

Soccer-Premier League clubs enjoy record profits - Deloitte report

MANCHESTER, England, April 20 Premier League clubs enjoyed record profits and revenues in the 2016/17 season according to data released on Friday by Deloitte, who expect profitability to continue despite a decline in domestic broadcasting revenue.