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BT Group PLC (BT.L)

BT.L on London Stock Exchange

218.75GBp
11:53am EDT
Change (% chg)

3.70 (+1.72%)
Prev Close
215.05
Open
215.70
Day's High
218.75
Day's Low
215.60
Volume
33,500,925
Avg. Vol
27,377,037
52-wk High
317.94
52-wk Low
201.25

Latest Key Developments (Source: Significant Developments)

BT signs MoU with Europol To Share Knowledge About Major Cyber Threats And Attacks
Tuesday, 15 May 2018 05:19am EDT 

May 15 (Reuters) - BT Group PLC ::BT GROUP PLC - BT JOINS FORCES WITH EUROPOL TO BUILD A SAFER CYBER SPACE.BT GROUP - SIGNED MOUWITH EUROPOL, THE EUROPEAN UNION AGENCY FOR LAW ENFORCEMENT CO-OPERATION, TO SHARE KNOWLEDGE ABOUT MAJOR CYBER THREATS AND ATTACKS.  Full Article

BT Says To Close Its Defined Benefit Pension Scheme
Monday, 19 Mar 2018 08:03am EDT 

March 19 (Reuters) - BT Group Plc ::BT TO CLOSE DEFINED BENEFIT PENSION SCHEME.FUTURE PENSION BENEFITS FOR ACTIVE BT PENSION SCHEME MEMBERS TO MOVE TO AN ENHANCED DEFINED CONTRIBUTION SCHEME.‍AGREES WITH CWU TO ESTABLISH A 'HYBRID' PENSION SCHEME, COMBINING ELEMENTS OF BOTH DEFINED BENEFIT AND DEFINED CONTRIBUTION SCHEMES​.REACHED AN AGREEMENT WITH COMMUNICATION WORKERS UNION ON FUTURE PENSION ARRANGEMENTS FOR 20,000 NON-MANAGEMENT EMPLOYEES.ALSO CONFIRMED A NUMBER OF IMPROVEMENTS TO BENEFITS FOR EMPLOYEES ALREADY IN BTRSS, BT'S PRIMARY PENSION SCHEME FOR NEW JOINERS SINCE 2009.HAS DECIDED TO CLOSE ITS DEFINED BENEFIT SCHEME, CALLED BT PENSION SCHEME (BTPS), TO FUTURE BENEFITS IN EARLY SUMMER 2018​.‍BENEFITS ACCRUED IN BTPS FOR SERVICE PRIOR TO 1 JUNE 2018 REMAIN PRESERVED WITHIN BTPS​.AGREED A TWO-YEAR PAY DEAL WITH CWU, FOR TEAM MEMBERS, WHICH WILL SEE A 3% INCREASE BOTH THIS YEAR AND IN 2019.‍UPDATED ITS PLANS AND WILL MAKE ADDITIONAL TRANSITION PAYMENTS TO ALL EX-BTPS TEAM MEMBERS MOVING INTO BTRSS​.‍BT AND CWU HAVE AGREED TO WORK TOGETHER TO ESTABLISH A NEW 'HYBRID' PENSION ARRANGEMENT OVER COMING YEAR FOR TEAM MEMBERS LEAVING BTPS​.AGREEMENT WITH CWU PROVIDES PAY CERTAINTY FOR BT AND ITS TEAM MEMBERS UNTIL APRIL 2020.‍HYBRID SCHEME IS INTENDED TO OFFER EMPLOYEES LESS INVESTMENT RISK OVER LONGER TERM AND WILL BE SEPARATE FROM BTPS.​.  Full Article

BT Group Names Michael Sherman As Chief Strategy And Transformation Officer‍​
Wednesday, 14 Mar 2018 07:56am EDT 

March 14 (Reuters) - BT Group Plc ::MICHAEL SHERMAN TO BECOME BT'S CHIEF STRATEGY AND TRANSFORMATION OFFICER‍​.  Full Article

BT Sees Directly Charge Controlled Products Price Changes To Impact Openreach's 2018/19 Revenue, Profit In 80-120 Mln STG Range ​
Friday, 23 Feb 2018 04:18am EST 

Feb 23 (Reuters) - BT Group Plc ::‍NOTES PUBLICATION OF OFCOM'S WHOLESALE LOCAL ACCESS REVIEW (WLA) DRAFT STATEMENT.‍ESTIMATES PRICE CHANGES FOR DIRECTLY CHARGE CONTROLLED PRODUCTS WILL HAVE Y-O-Y FINANCIAL IMPACT ON OPENREACH'S REVENUE, PROFIT IN 2018/19 IN RANGE £80M - £120M​."THERE WILL BE FURTHER Y-O-Y IMPACTS ON OPENREACH IN EACH OF SUCCESSIVE TWO FINANCIAL YEARS IN RANGE OF LOW TO MID TENS OF MILLIONS OF POUNDS​.‍ANTICIPATES FURTHER ADVERSE FINANCIAL IMPACT ON OPENREACH'S REVENUE AND PROFIT AS RESULT OF MARKET PRESSURE ON WHOLESALE PRICES OF OTHER PRODUCTS.  Full Article

Deutsche Telekom To Invest 12.5 Bln Euros In 2018 - CEO
Thursday, 22 Feb 2018 04:00am EST 

Feb 22 (Reuters) - Deutsche Telekom ::CEO SAYS PLANS TO INVEST 12.5 BILLION EUROS IN 2018.CEO SAYS EBITDA GROWTH IN 2018 TO BE DRIVEN BY GERMANY, EUROPE, T-MOBILE US.CFO SAYS SIGNIFICANT FURTHER CHALLENGES AHEAD AT T-SYSTEMS.CFO SAYS TO TRANSFER STAKE IN BT <<>> TO COMPANY PENSION FUND.CFO SAYS DEUTSCHE TELEKOM TO CEASE ANNUAL PAYMENTS OF 250 MILLION EUROS A YEAR INTO COMPANY PENSION FUND.  Full Article

BT Group Says Wwill Close Defined Benefit BTPS To Managers For Future Build-Up Of Benefits
Monday, 5 Feb 2018 08:34am EST 

Feb 5 (Reuters) - Bt Group Plc ::‍HAS REACHED AN AGREEMENT WITH PROSPECT FOR ABOUT 22,500 MANAGERS​.‍WILL CLOSE DEFINED BENEFIT BTPS TO MANAGERS FOR FUTURE BUILD-UP OF BENEFITS ON 31 MAY 2018​.‍BT IS STILL REVIEWING FEEDBACK AND WILL CONTINUE TO DISCUSS THIS WITH CWU BEFORE MAKING A FINAL DECISION​.  Full Article

UK's Ofwat Announces Appointment Of Rachel Fletcher As Its New Chief Executive
Tuesday, 12 Dec 2017 05:00am EST 

Dec 12 (Reuters) - UK'S OFWAT ::OFWAT ANNOUNCES APPOINTMENT OF NEW CHIEF EXECUTIVE.ANNOUNCED APPOINTMENT OF RACHEL FLETCHER AS ITS NEW CHIEF EXECUTIVE​.‍RACHEL'S APPOINTMENT FOLLOWS DEPARTURE OF CATHRYN ROSS, WHO IS LEAVING TO TAKE UP AN EXECUTIVE POSITON AT BT​.  Full Article

Ofcom Publishes Its Final Statement On Narrowband Market Review
Thursday, 30 Nov 2017 05:00am EST 

Nov 30 (Reuters) - Office of Communications:OFCOM- HAS TODAY PUBLISHED ITS FINAL STATEMENT ON NARROWBAND MARKET REVIEW.OFCOM - OUR FINAL DECISIONS MEAN THAT WHERE COMPETITION IS NOT WORKING EFFECTIVELY, REGULATION WILL APPLY FOR PERIOD 1 DECEMBER 2017 TO 31 MARCH 2021.UK'S OFCOM - DECIDED TO REGULATE BT AND (IN THE HULL AREA) KCOM IN 3 WHOLESALE ACCESS MARKETS: WHOLESALE ANALOGUE FIXED TELEPHONE LINES,.UK'S OFCOM - ALSO DECIDED TO REGULATE TWO MARKETS THAT ENABLE THE DELIVERY OF DIGITAL TELEPHONE SERVICES TO BUSINESSES.  Full Article

UK's Ofcom says broadband and landline customers to get compensated without claiming
Friday, 10 Nov 2017 04:04am EST 

Nov 10 (Reuters) - Office of Communications:OFCOM- ‍BROADBAND AND LANDLINE CUSTOMERS WILL GET MONEY BACK FROM THEIR PROVIDERS WHEN THINGS GO WRONG, WITHOUT HAVING TO CLAIM IT.OFCOM- ‍CUSTOMERS SET FOR £142M IN PAYOUTS - AROUND NINE TIMES CURRENT LEVEL​.OFCOM-‍AS A RESULT OF OFCOM'S INTERVENTION, BT, SKY, TALKTALK, VIRGIN MEDIA AND ZEN INTERNET HAVE AGREED TO INTRODUCE AUTOMATIC COMPENSATION​.  Full Article

UK's Ofcom says ‍charges cut for up to a mln BT landline-only customers​
Thursday, 26 Oct 2017 02:02am EDT 

Oct 26 (Reuters) - UK's Ofcom::‍CHARGES CUT FOR UP TO A MILLION BT LANDLINE-ONLY CUSTOMERS​.‍BT CUSTOMERS WHO BUY ONLY A LANDLINE TELEPHONE SERVICE WILL SEE THEIR MONTHLY BILLS SLASHED BY £7 PER MONTH​.‍EXPECT BT'S £7 PRICE CUT TO MEAN OTHER PROVIDERS CAN FOLLOW SUIT​.  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.