BT Group (BT.A)

Sector:

Telecom Operators

Index:

FTSE 100

138.25p
   
  • Change Today:
    -1.50p
  • 52 Week High: 150.55
  • 52 Week Low: 102.30
  • Currency: UK Pounds
  • Shares Issued: 9,955m
  • Volume: 15,790,408
  • Market Cap: £13,763m
  • RiskGrade: 170

BT delivers on cost-savings target ahead of time, shares surge

By Michele Maatouk

Date: Monday 01 Nov 2021

LONDON (ShareCast) - (Sharecast News) - BT shares surged on Monday after the telecoms group confirmed it has delivered on its cost-savings target ahead of schedule.
"Further to weekend press speculation, BT confirms that it has delivered on its £1bn of gross annualised cost savings 18 months ahead of the March 2023 target," it said.

The one line statement followed a report over the weekend suggesting the company would assert this week that the cost-cutting programme was ahead of schedule.

The Sunday Telegraph had said BT was likely to hail the progress of its modernisation programme on Thursday, alongside its third quarter update.

At 1050 GMT, the shares were up 6.3% at 147.60p.

Last week, Sky News reported that BT had moved to strengthen its defences against a possible takeover bid by French billionaire and Altice owner Patrick Drahi by hiring advisory firm Robey Warshaw.

Sky said the advisory firm had been formally appointed by BT in recent weeks to work alongside Goldman Sachs. The move comes shortly before a 10 December threshold that will release Altice from a binding commitment not to launch a takeover bid for BT. Altice bought a 12% stake in BT in June for £2.2bn.

Sky cited city sources as saying that BT's board was engaged in a range of scenario planning exercises including Altice lodging a formal takeover offer or demanding that it spins off either its consumer division, which includes mobile network EE, or its Openreach broadband infrastructure arm.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BT Market Data

Currency UK Pounds
Share Price 138.25p
Change Today -1.50p
% Change -1.07 %
52 Week High 150.55
52 Week Low 102.30
Volume 15,790,408
Shares Issued 9,955m
Market Cap £13,763m
RiskGrade 170

BT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.63% above the market average76.63% above the market average76.63% above the market average76.63% above the market average76.63% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
68.96% above the market average68.96% above the market average68.96% above the market average68.96% above the market average68.96% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
74.03% above the market average74.03% above the market average74.03% above the market average74.03% above the market average74.03% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
81.54% below the market average81.54% below the market average81.54% below the market average81.54% below the market average81.54% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 3
Sell 1
Strong Sell 1
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BT Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Aug-24 28-Dec-23
Paid 11-Sep-24 02-Feb-24
Amount 5.69p 2.31p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 6,624 @ 138.25p
16:35 29,411 @ 138.25p
16:35 8,113 @ 138.25p
16:35 45,829 @ 138.25p
16:35 73,489 @ 138.25p

BT Key Personnel

CFO Simon Lowth
CEO Allison Kirkby
Chair Adam Crozier

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