BT Financial & Performance – Page 9
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Strategy & ChangeMoody’s negative outlook on BT borrowing
Moody’s reviewed its principal debt rating for BT Group in February 2020, and affirmed the headline Baa2 rating for the operator. However, the accompanying outlook for BT credit was downgraded from “neutral” to “negative”.
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PremiumBT’s Q3 FY19 20: a long road ahead
Consumer continues to face greater competition Enterprise is still shedding legacy fixed-line revenue at a rate of knots Global is still beating a strategic retreat Openreach appears to be in reasonable health
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PremiumBusiness briefing: Selley keeps his eyes on the prize
Selley upbeat and future-focused as Openreach intensifies efforts to shed copper. Independence emphasised with ucstomer team driving efforts to create new markets, rather than purely follow BT Consumer’s lead. Experience and efficiency the foundations for Openreach plans to roll over emerging fibre rivals, and keep Virgin Media away from ...
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PremiumSimon Lowth buys 425,000 BT shares
BT CFO Simon Lowth and Mary Lowth purchased shares in BT Group to bring his total shareholding to 165% of salary.
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PremiumBT’s H1 FY19–20 divisional round up
BT is continuing its balancing act of underlining the importance of being competitive in retail markets while not being dragged downwards on pricing. Jansen appears ready to fight all comers, while Consumer Chief Executive Marc Allera spends more time emphasising building services that can justify charging a premium.
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PremiumBT’s H1 FY19–20: Jansen warns this might sting a little…
In-line performance, and commitments to keep building transformational momentum, but medicine may have short-term side effects. Fibre acceleration revving up, but uncertainty, both political and regulatory, acting as a brake. Lowth committed to prudence, but open to upping investment. Consumer getting more combative, Enterprise hoping to ride the waves ...
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Public AffairsLabour promises nationalised free broadband for all — BTwatch’s first take
Considerable speculation and debate on the future of UK communications infrastructure and the sector was sparked by a new Labour Party policy. In its Manifesto for the upcoming UK General Election, Labour is committing to the nationalisation of major elements of BT Group that relate to the provision of ...
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PremiumBT Group financial reports roundup, October 2019
Credit Suisse reiterated its “outperform” rating for BT Group. Woodford Equity Fund reported that it had acquired a 1.4% stake in BT Group. Berenberg noted the low valuation on BT Group, based on its current share price. Group CEO Jansen bought 584,000 shares in the telco during mid-September 2019. ...
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PremiumBT Group glad-hands investors as share pressure remains
While revised strategy plans for the UK were still bubbling, BT faced a tricky summer with a dwindling share price and investor concerns over operational challenges.
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PremiumBT Group fined for regulatory accounts errors
BT Group was ordered to pay £3.7m by regulator Ofcom as a result of errors in its regulatory accounts for the years 2011-15. The errors had led to the telco paying lower administration fees between 2011 and 2015.
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PremiumBT Group denied appeal permission by the UK Supreme Court
The UK Supreme Court denied BT Group permission to appeal an earlier ruling from the country’s Court of Appeal that prevented the telco from swapping the inflationary measure used in relation to a legacy tranche of its pension liabilities (BTwatch, #301).
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PremiumBT Group ready to take Johnson’s fibre call at face value
On the Q1 FY19-20 call, BT management regularly reiterated its willingness to support apparent ambition within the new Johnson government for complete UK full-fibre coverage by 2025. The open embrace did, though, have the feel of calling a bluff that almost, but never quite, tipped over into sarcasm.
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PremiumBT Group management update: Q1 FY19-20
Fewer positive indicators for the Group as competition weighs on Consumer, but signs that business-focused divisions are building momentum. Jansen already straining at the confines of existing BT strategy, and promises more aggressive stance in retail sectors. Allera’s more-for-more focus under pressure with fibre price-cuts, delays in bundling Sky ...
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PremiumBT Technology a big spender, but keen on getting value
Divisional Chief Financial Officer John Beswick noted the spending power of BT Technology, with the entity accountable for £1.6bn of the £19bn that the Group spends in total on operating expenditure (opex) in the UK.
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PremiumUK government increases funding in quantum technologies
The UK government announced £94m in funding for the National Quantum Technologies Programme.
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Public AffairsNAO signals headwinds for ESN
New report from the National Audit Office (NAO) highlights further risks with the Emergency Services Network (ESN), but BT/EE on track. The Home Office subsequently extended the ESN contract with Motorola Solutions to include the Kodiak push-to-talk (PTT) product for critical communications with front-line staff.
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PremiumBT consumer plans to increase prices
The media widely flagged BT Consumer plans to increase prices for its BT TV and BT Sport services by up to 67% from the end of July 2019.
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PremiumBT Group management update: FY18-19
The results marked Jansen’s major public bow as head of the Group. New CEO was frank on the challenges facing BT, and equally honest in recognising no easy answers. Another year of falling revenue and EBITDA framed as a managed retreat in non-strategic areas, and in line with transformation ...
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PremiumDivisional breakdown: BT Consumer still doing the heavy lifting
On a division-by-division basis, FY18-19 proved tough across the Group. Consumer again was the principal element of the business in which key financial metrics remain solely in the black. However, there are signs that trends are changing, and, while the headwinds that have beset Enterprise and Global Services may ...
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PremiumBT Group’s FY19–20 guidance: going down, but preparing to go up
BT’s plans to accelerate transformation, and push ahead with fibre rollout while improving customer experience, expected to impact its guidance for the 2019-20 financial year. Adjusted revenue expected to record a 2% drop for the year, with regulatory pressure and more competitive markets cited as key causes, alongside the ...