BT Group (BT.A)

Sector:

Telecom Operators

Index:

FTSE 100

104.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 160.35
  • 52 Week Low: 102.30
  • Currency: UK Pounds
  • Shares Issued: 9,952m
  • Volume: 2,576,373
  • Market Cap: £10,400m
  • RiskGrade: 170

BT facing strike action as union rejects pay rise

By Michele Maatouk

Date: Thursday 07 Apr 2022

LONDON (ShareCast) - (Sharecast News) - BT is facing possible strike action after its new pay offer for UK workers was rejected by the Communication Workers Union.
The telecoms company announced on Thursday that it will be giving frontline workers a £1,500 pay rise - its biggest in more than two decades.

It will be given to 58,000 workers including engineers, and contact centre and retail staff. BT said it would be "focused on the lowest-paid workers" and represents an increase of between 3% and 8%.

The CWU had been pushing for a 10% pay rise in the face of surging inflation.

BT chief executive Philip Jansen said: "We know that the cost of living continues to rise and by making this award, we're ensuring that our lower paid workers will benefit most and as soon as possible. I'm pleased that we've been able to make this pay award - the biggest in 20 years - to thank our colleagues and recognise their hard work."

However, the union has rejected the pay rise. "We have no choice now but to immediately prepare for a statutory industrial action ballot," it said. "We will be sending further communications to members via email and social media later today."

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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 104.50p
Change Today -0.50p
% Change -0.48 %
52 Week High 160.35
52 Week Low 102.30
Volume 2,576,373
Shares Issued 9,952m
Market Cap £10,400m
RiskGrade 170

BT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.49% above the market average47.49% above the market average47.49% above the market average47.49% above the market average47.49% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
57.02% below the market average57.02% below the market average57.02% below the market average57.02% below the market average57.02% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
86.68% above the market average86.68% above the market average86.68% above the market average86.68% above the market average86.68% 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
76.09% below the market average76.09% below the market average76.09% below the market average76.09% below the market average76.09% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 2
Sell 1
Strong Sell 2
Total 16
buy
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BT Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Dec-23 03-Aug-23
Paid 02-Feb-24 13-Sep-23
Amount 2.31p 5.39p

Trades for 16-Apr-2024

Time Volume / Share Price
09:56 1 @ 104.55p
09:56 430 @ 104.45p
09:55 1,377 @ 104.49p
09:55 5,267 @ 104.50p
09:54 781 @ 104.45p

BT Key Personnel

CFO Simon Lowth
CEO Allison Kirkby
Chair Adam Crozier

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