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BT Group PLC (BT.L)

BT.L on London Stock Exchange

219.45GBp
20 Jul 2018
Change (% chg)

1.80 (+0.83%)
Prev Close
217.65
Open
217.90
Day's High
219.80
Day's Low
216.35
Volume
23,130,217
Avg. Vol
28,241,138
52-wk High
317.94
52-wk Low
201.25

Latest Key Developments (Source: Significant Developments)

65.84 Pct Of BT Shareholders At AGM Vote In Favour Of Directors' Remuneration Report
Wednesday, 11 Jul 2018 

July 11 (Reuters) - BT Group PLC ::BT GROUP PLC - 65.84 PERCENT VOTES AT EGM IN FAVOUR OF RESOLUTION FOR APPROVAL OF DIRECTORS' ANNUAL REMUNERATION REPORT FOR YEAR ENDED 31 MARCH 2018.BT - IN REMAINDER OF 2018 ,CO TO ENGAGE FURTHER WITH SHAREHOLDERS AND PROXY ADVISERS TO UNDERSTAND REASONS FOR CONCERNS OVER REMUNERATION REPORT.BT - LOWER LEVEL OF SUPPORT FOR REMUNERATION REPORT MOSTLY ATTRIBUTABLE TO ANNUAL BONUS PAYMENT TO CHIEF EXECUTIVE FOR 2017/18 PERFORMANCE YEAR.  Full Article

BT Says Outlook For 2018/19 Including Impact Of IFRS 15 Remains Unchanged
Monday, 25 Jun 2018 

June 25 (Reuters) - BT Group PLC ::BT ANNOUNCES IFRS 15 IMPACT WITH OUTLOOK UNCHANGED.BT'S OUTLOOK FOR 2018/19 INCLUDING IMPACT OF IFRS 15 REMAINS UNCHANGED.BT WILL ADOPT IFRS 15 ON A MODIFIED RETROSPECTIVE BASIS IN ITS 2018/19 FINANCIAL STATEMENTS.COMPARED WITH IAS 18, EXPECTS IFRS 15 ACCOUNTING CHANGE TO HAVE AN ADVERSE IMPACT ON 2018/19 REVENUE IN HIGH TENS OF MILLIONS OF POUNDS.ALSO TRANSLATED OUTLOOK FOR 2018/19 FROM PREVIOUSLY USED IAS 18 ACCOUNTING STANDARD TO IFRS 15, AND CONFIRMED THERE IS NO CHANGE.IMPACT OF IFRS 15 STANDARD IS STILL IN PROCESS OF BEING FINALISED.COMPARED WITH IAS 18, EXPECTS IFRS 15 ACCOUNTING CHANGE TO HAVE AN ADVERSE IMPACT ON 2018/19 EBITDA IN LOW TENS OF MILLIONS OF POUNDS.ESTIMATED LIKELY IMPACT ON TRANSITION WILL PRODUCE A CUMULATIVE INCREASE IN RETAINED EARNINGS OF BETWEEN £1.1BN AND £1.5BN BEFORE TAX.OVER TIME BT'S FINANCIAL PERFORMANCE EXPECTED TO BE SIMILAR UNDER IFRS 15 STANDARD AS IT WOULD HAVE BEEN UNDER PREVIOUS IAS 18 STANDARD.  Full Article

UK's Ofcom Says Published Draft Statement On Wholesale Broadband Access Market Review
Thursday, 21 Jun 2018 

June 21 (Reuters) - UK's Ofcom::UK'S OFCOM SAYS PUBLISHED A DRAFT STATEMENT ON WHOLESALE BROADBAND ACCESS (WBA) MARKET REVIEW.FOUND THAT BT CONTINUES TO HAVE "SIGNIFICANT MARKET POWER IN AREAS WITHOUT STRONG COMPETITION".  Full Article

BT CEO: business will return to growth in three years
Thursday, 10 May 2018 

May 10 (Reuters) - BT ::CEO GAVIN PATTERSON SAYS TWO-THIRDS OF JOB CUTS WILL BE IN UK, ONE THIRD ABROAD.CEO GAVIN PATTERSON SAYS TRANSFROMATION PROGRAMME WILL CREATE OXYGEN WITHIN THE BUSINESS.CEO SAYS CONFIDENT BUSINESS WILL RETURN TO PROFIT GROWTH IN COUPLE OF YEARS, HOLDING DIVIDEND SHOWS CONFIDENCE.CEO SAYS SETTING OUT VISION FOR NEXT FIVE YEARS, SAYS BT WILL UNDERPIN STRONG DIGITAL FUTURE FOR UK.CEO SAYS EFFICIENCIES WON'T OFFSET REGULATORY PRESSURE IN SHORT TERM.CEO SAYS CONFIDENT BUSINESS WILL RETURN TO GROWTH IN THREE YEARS.CEO SAYS WILL REMAIN IN LONDON, IN SMALLER PREMISES.  Full Article

BT Says Karen Richardson,Tony Ball To Step Down From Board At AGM
Friday, 4 May 2018 

May 4 (Reuters) - BT Group PLC ::KAREN RICHARDSON AND TONY BALL WILL STEP DOWN FROM BT BOARD AT END OF ANNUAL GENERAL MEETING ON 11 JULY 2018.  Full Article

NewDay Cards Appoints Former BT Boss Michael Rake As Chairman
Monday, 23 Apr 2018 

April 23 (Reuters) - Newday Cards Ltd ::NEWDAY CARDS LTD - APPOINTS SIR MICHAEL RAKE AS CHAIRMAN, EFFECTIVE ON 9TH MAY 2018.  Full Article

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
Friday, 13 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

PRESS DIGEST- British Business - June 20

June 20 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.