Weekly outlook: Will EasyJet overcome cost-of-living turbulence?
Key events for UK wealth managers for the week starting 15 May
BT
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BT chairman says finding female board members a ‘conundrum’
BT chairman Jan du Plessis has come under fire for suggesting it is difficult to find women with sufficient experience to sit on the complex boards of global companies.
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BT ousts Patterson to appease shareholders
BT has ousted CEO Gavin Patterson in a bid to win back disgruntled shareholders in light of the telecom giant’s dire share price performance.
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BT’s transformation plans met with scepticism
BT’s plan to become a leaner business through aggressive cost cutting and staff redundancies was not well received by markets on Thursday, as investors remained dubious of the telecom giant’s long-term prospects.
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BT Pension Scheme sells Hermes stake to US giant
The UK’s BT Pension Scheme has sold a 60% stake in Hermes Investment Management to US asset manager Federated Investors in a £246m deal with plans to utilise distribution capabilities on both side of the Atlantic.
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BT ‘not a pretty picture’ as earnings miss expectations
BT’s third quarter update failed to live up to analyst expectations, with earnings falling 2% to £1.8bn.
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BT’s pension plagues profits; Shell rides oil recovery
BT’s bottom line continued to be impacted by rising pension costs during the first half of the year, as Shell’s figures were boosted by higher crude oil prices.
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BT shares fall as it slashes jobs in £300m overhaul
BT’s shares suffered a setback today following the announcement the telecoms giant was to cut 4,000 jobs as part of an overseas shakeup.
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BT slapped with £42m fine; FTSE 100 falters while sterling bucks up
The week kicks off with BT in hot water, a Trump-fuelled fall in the FTSE 100 and a redemption moment for sterling.
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BT ‘not great value’ despite favourable Ofcom outcome – Brewin Dolphin
Although BT and Ofcom struck a reasonable compromise over the fate of Openreach, the stock still doesn’t look like an attractive value proposition, according to Brewin Dolphin equity analyst Nik Stanojevic.
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BT’s Italian scandal heats up but pension deficit is the real danger
Markets may have reacted harshly to BT Group’s Italian fiasco but shareholders should be more wary of its ballooning pension deficit, cautioned EdenTree’s Ketan Patel and Hargreaves Lansdown’s Laith Khalaf.
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2016’s best and worst FTSE sectors revealed
New data from Financial Express Analytics reveals a stunning year for miners and oil companies and persistent trouble for telecoms and retailers.