BT Group (BT.A)

Sector:

Telecom Operators

Index:

FTSE 100

147.40p
   
  • Change Today:
      5.25p
  • 52 Week High: 150.55
  • 52 Week Low: 102.30
  • Currency: UK Pounds
  • Shares Issued: 9,956m
  • Volume: 24,735,718
  • Market Cap: £14,674m
  • RiskGrade: 170
  • Beta: 0.88

BT sets up new fund to boost apprenticeships across England

By Benjamin Chiou

Date: Monday 23 Sep 2024

LONDON (ShareCast) - (Sharecast News) - BT is investing £4m of its apprenticeship levy reserves to launch a new Apprenticeship Fund, designed to support SMEs, charities and public-sector organisations across England.
The new fund, in partnership with apprenticeship training provider Babington, has the ability to scale up depending on take up, BT said, with the investment covering an initial four-year period.

The fund has the potential to support up to 550 apprentices aged 22 or older, resulting in a £21m positive economic impact.

Since 2017, those with an annual wage bill of more than £3m are required to pay the apprenticeship levy, using the funds to recruit and train apprentices, but uptake is low.

According to business advisory firm BDO, more than a third of mid-sized businesses are currently struggling to recruit apprentices.

BT said the new fund will have a key focus of digital skills development, reflecting the company's own emphasis on technology and innovation in its apprenticeship programmes.

"By sharing up to £4 million from our apprenticeship levy funds, we're giving these businesses the financial support they need to invest in talent. This not only helps create a more skilled, diverse, and competitive workforce, it also provides SMEs with additional resources to grow and scale their business," said Chris Sims, managing director for small and medium business at BT.

"The apprenticeship programme at BT has not only shaped our workforce, it has also helped set industry standards."

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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 147.40p
Change Today 5.25p
% Change 3.69 %
52 Week High 150.55
52 Week Low 102.30
Volume 24,735,718
Shares Issued 9,956m
Market Cap £14,674m
Beta 0.88
RiskGrade 170

BT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.73% above the market average72.73% above the market average72.73% above the market average72.73% above the market average72.73% 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
77.54% above the market average77.54% above the market average77.54% above the market average77.54% above the market average77.54% 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
72.92% above the market average72.92% above the market average72.92% above the market average72.92% above the market average72.92% 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
81.8% below the market average81.8% below the market average81.8% below the market average81.8% below the market average81.8% 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
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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 05-Nov-2024

Time Volume / Share Price
16:41 321,759 @ 147.40p
16:35 27,915 @ 147.40p
16:35 38,207 @ 147.40p
16:35 6,240 @ 147.40p
16:35 10,492,280 @ 147.40p

BT Key Personnel

CFO Simon Lowth
CEO Allison Kirkby
Chair Adam Crozier

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