FTSE 100 falters as Ofcom orders BT split
The index dipped by 0.53% to 6763 Tuesday morning as Ofcom launched formal proceedings to legally separate Openreach from BT Group.
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Mixed fortunes for Woodford as he dumps BT
CF Woodford Equity Income Fund has sold out of BT in favour of topping up positions in Provident Financial and Next.
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Derailed O2 merger will stymie UK telecoms M&A – Moody’s
The blocked merger between Telefonica’s O2 and CK Hutchison Holdings’ 3 UK “has consequences for the rest of players in the UK market, as well as for the broader European telecoms market,” said Moody’s Investors Service.
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Consumer services the key focus amid election noise
Recent pre-election uncertainty is all about protection, says Smith & Williamson’s Mark Boucher, but consumer discretionary spending will carry on regardless.