FTSE 100 Climbs to Six-Month High, Paced by Vodafone; Lonmin, BT Advance Jul 25, 2009
BT Group Plc, Britains biggest phone company, added 1. 3 percent. (Bloomberg -- UK)
Telco adviser works for BT Jul 25, 2009
BusinessDay revealed yesterday that former BT Group executive Peter McCarthy-Ward had been given a $60,000 contract to advise the Government on the separation of Telstra's wholesale and retail arms. Although Mr McCarthy-Ward resigned from BT last year, he is still employed as a contractor. (Sydney Morning Herald -- Business)
Ex-BT executive to advise on Telstra split Jul 24, 2009
Tender documents show Peter McCarthy Ward, former director of equivalence at BT Group, will be paid $60,000 over seven months to advise the Government on whether Telstra should have its wholesale and retail arms separated in order to increase competition. Canberra is considering regulatory changes it could impose on Telstra while the $43 billion national broadband network is being built. (Sydney Morning Herald -- Business)
U.K. Stocks Rally for Fifth Day; British Airways, Mining Shares Lead Gain Jul 18, 2009
BT Group Plc and BG Group Plc gained more than 1. 5 percent on analyst recommendations. (Bloomberg -- UK)
Solid gains for BT as confidence turn starts Jul 18, 2009
Turnround hopes buoyed BT Group on Friday as the FTSE 100 completed its steepest weekly rally of the year. BT gained 3. (FT.com -- Markets)
Infosys First-Quarter Profit Increases to $313 Million, Exceeding Estimate Jul 10, 2009
Infosys, which designs and builds software programs, maintains computers and provides back-office support to Citigroup Inc., Goldman Sachs Group Inc., BT Group Plc and other clients, added 27 customers in the three months ended June. Win Large Deals. (Bloomberg -- Asia)
Infosys Q1 Profit up, Beats Estimates Jul 10, 2009
97 billion rupees for the company, which counts Goldman Sachs , Philips Electronics , BT Group Plc and Australia's top phone company Telstra Corp among its clients. 1. (ABC News -- Wire)
Tech Mahindra to boost Satyam stake Jul 7, 2009
In its filing, Tech Mahindra, 31 percent-owned by Britain's BT Group, said the company intended to subscribe to 198. 7 million additional shares at 58 rupees a share in the second preferential allotment. (India Times)
BT offers off time for pay cut Jul 6, 2009
LONDON: Telecoms company BT Group PLC is offering staff a year off work in return for a 75 per cent cut in that year's pay ... Telecoms company BT Group PLC is offering staff a year off work in return for a 75 per cent cut in that year's pay. (India Times, India)
Breaking News Jul 5, 2009
Telecoms company BT Group PLC is offering staff a year off work in return for a 75 percent cut in that year's pay. --> Topics. (Sydney Morning Herald -- Business)
Telstra Facing Board Change Call From Australia's Future Fund, Review Says Jul 3, 2009
the former UK health secretary and a director of BT Group; , a previous head of Telecom Corp. of New Zealand and Gerry Moriarty, a former Telstra executive are potential hiring targets, the Review said. is urging change to the board to help the company through a potential business separation and to negotiate a deal on the national broadband network, the newspaper said. (Bloomberg -- Australia & New Zealand)
UK looks to young geeks to secure cyberspace Jun 25, 2009
British telecom BT Group PLC, one of the world's largest telecommunications providers, estimates it has about 1,000 attempted cyber attacks per day on its systems, West said. Jonathan Evans, the head of Britain's domestic spy agency MI5, has previously warned that both China and Russia are using new technology to spy on Britain. (Fresno Bee -- Local)
Tech Mahindra plans share sale Jun 23, 2009
Tech Mahindra, which is 31 per cent-owned by Britain's BT Group, emerged a winner in an auction in April for a controlling stake in fraud-tainted outsourcer Satyam Computer Services. Read business stories in. (India Times)
Stocks Climb for First Time in Three Days; BT, British Land Leads Gains Jun 16, 2009
June 16 (Bloomberg) -- advanced for the first time in three days as a rally in BT Group Plc and British Land Co. overshadowed a sell-off in mining companies after metals prices retreated. BT, the U.K.s largest phone company, added 3. (Bloomberg -- UK)
Many FBI terror cases don't make it to trial May 26, 2009
That point was echoed by Schneier, of security firm BT Group. "Is the FBI manufacturing terrorists? What would happen if they were left on their own? They fall into the hands of an FBI informant, and then they get helped and egged on.". (San Francisco Chronicle)
* BT posts huge Q4 loss, plans 15,000 more job reductions May 15, 2009
Telecommunications company BT Group PLC yesterday projected another job cut of 15,000 in the new fiscal year after its Global Services division dragged the company to a fourth-quarter loss of nearly G1 billion ... That swung BT Group to a full-year loss of G83 million, compared with the previous years profit of G1. (Taipei Times, Taiwan -- Business)
BT Cuts Dividend, to Slash 15,000 Jobs May 14, 2009
LONDON (Reuters) - Britain's BT Group cut its dividend and said a further 15,000 jobs would go after a 1. 58 billion pound ($2. (ABC News -- Wire)
Satyam Fake Profits May Earn Chairman Raju $600 Million and Life in Jail May 7, 2009
the Pune, India-based software company partly owned by BT Group Plc, bought a 31 percent stake in Satyam last month. Other Raju faces carry a maximum penalty of seven years in jail under the Indian Penal Code. (Bloomberg -- Asia)
Tech Mahindra raises Rs 600cr debt Apr 19, 2009
Tech Mahindra, in which BT Group Plc owns 31%, would pay an aggregate of about Rs 2,889 crore for a 51% stake in Satyam. The Company Law Board (CLB) on Thursday approved takeover of Satyam by Tech Mahindra for a deal of Rs 58 per share which the company bid through auction. (India Times, India -- Intl Business)
Tech Mahindra raises Rs 600 crore debt Apr 18, 2009
Tech Mahindra, in which BT Group Plc owns 31 per cent, would pay an aggregate of about Rs 2,889 crore for a 51 per cent stake in Satyam. The Company Law Board (CLB) on Thursday approved takeover of Satyam by Tech Mahindra for a deal of Rs 58 per share which the company bid through auction. (India Times)
CLB approves Tech Mahindra's bid for Satyam Apr 16, 2009
Tech Mahindra, 31% owned by Britain's BT Group, will pay $351 million for a 31% preferential allotment of new shares in Satyam and will make an open offer for a further 20% at a cost of up to around $225 million. The bid, in an auction conducted by the government-appointed board of Satyam, had to be approved by the Company Law Board. (India Times, India -- Intl Business)
Infosys sees first sales drop as outsourcing weakens Apr 15, 2009
66-billion rupees for Infosys, which counts Goldman Sachs, Philips Electronics and BT Group among its clients. An army of engineers and cheaper wages has driven an outsourcing boom in India, but turmoil in global markets and a recession in the United States, which accounts for more than half the sector's revenue, have halted the scorching pace of growth. (Globe and Mail -- Business)
EU to sue Britain over Internet privacy Apr 14, 2009
Phorm works with three Internet operators reaching 70 percent of Britain's broadband market _ BT Group PLC, Virgin Media Inc. and Carphone Warehouse Group PLC's TalkTalk. 2009. (Sydney Morning Herald -- Technology)
Satyam claims major clients support Apr 14, 2009
Tech Mahindra, in which Britain's BT Group holds about 31 per cent stake, will pay $351 million for 31 per cent preferential allotment of new shares. Satyam's sale is likely to help restore confidence in India's IT services sector at a time the global economic downturn has already slowed growth. (India Times, India)
Partners poised for control of Satyam Apr 14, 2009
NEW DELHI - Tech Mahindra, a joint venture between Britain's BT Group and the Indian conglomerate Mahindra & Mahindra, is poised to become an outsourcing giant after submitting the top bid for fraud-battered. The offer values the company at $1. (Boston Globe)
Tech Mahindra Wins Satyam Computer Bidding, Will Gain a Controlling Stake Apr 13, 2009
Tech Mahindra, partly owned by BT Group Plc, climbed 13 percent to 363. 3 rupees in Mumbai trading. (Bloomberg -- Asia)
Telstra on the mat Apr 10, 2009
A Senate committee heard evidence this year from a BT Group executive who was deeply involved in the functional separation of the British carrier, carried out between 2004 and last year ... Telstra could counter, however, that since BT Group and Telecom NZ were separated, their share prices have fallen more quickly than the market and Telstra. (Sydney Morning Herald -- Business)
EasyJet appoints Rake as deputy chairman Apr 7, 2009
LONDON: British low-cost airline EasyJet said yesterday Sir Michael Rake, the chairman of BT Group, has been appointed as deputy chairman and that current chairman Sir Colin Chandler will step down on July 1. An industry source said Rakes appointment lined him up to succeed Chandler and the company was not actively looking for other candidates. (The Star Online, Malaysia -- Business)
Satyam's Parekh Says Winning Bid for Company Will Be Unveiled April 13 Apr 5, 2009
Indias largest engineering firm, and , the software-services provider partly owned by BT Group Plc, may make their offers this month to buy a controlling interest in Satyam. Satyams state-appointed board is selling a 51 percent stake in the company to and stem client and employee defections after founder said Jan. 7 he inflated $1 billion in assets. (Bloomberg -- Asia)
FTSE falls as comods and banks slip Mar 24, 2009
Mobile telecoms gained and shares in BT Group were up 0. 5 percent after a newspaper report said it is ready to release its superfast broadband network to six UK cities by 2010. (International Herald Tribune -- Business)
Investing in next-generation networks Mar 21, 2009
BT Group Plc will push ahead with its 1. 5bil super-fast broadband investment plans after regulator Ofcom said there will be no regulatory barriers to develop the infrastructure that will give up to 20 million UK homes access to high-speed Internet by 2012. (The Star Online, Malaysia -- Business)
> Business Profile: Quantum streamlines security Mar 19, 2009
CUSTOMERS: Key customers include Symantec Corp., Adobe Systems Inc., San Francisco International Airport, Toronto Pearson International Airport, Cincinnati Children s Hospital Medical Center, Juniper Networks Inc., BT Group plc (British Telecom), Virginia Port Authority, the U.S Social Security Administration and the U.S. Department of Health and Human Services. LOCATIONS: Headquarters is in San Jose, sales and business development teams are located throughout the United States, and engineering... (San Jose Business Journal, CA)
Bidders step up for Satyam Mar 13, 2009
By Thursday afternoon, a few potential bidders had raised their hands, including the Indian engineering company Larsen & Toubro; the Indian telecommunications company Spice; and Tech Mahindra, a joint venture of the Mahindra Group, an industrial conglomerate, and the BT Group of Britain. Although other bidders may step forward, the deal has not attracted big-name foreign buyers, like IBM or private equity firms. (International Herald Tribune)
BT to freezes pay of 100,000 empl... Mar 12, 2009
BT Group has frozen the pay of its entire 100,000-strong UK workforce but has yet to decide whether senior executives will get their bonuses. The block on pay rises, which comes after a collapse in the telecom group s profits and share price, makes it the latest in a string of private-sector employers to freeze pay in response to the economic downturn. (New York Post -- Business)
FTSE falls in early trade on commodities Mar 12, 2009
Reuters Published: March 12, 2009. The leading share index edged lower early on Thursday, led by heavyweight commodity stocks, but Standard Life rose after its results. (International Herald Tribune -- Sports)
* Satyam Computer invites bidders for majority stake Mar 10, 2009
Tech Mahindra Ltd, the Indian software-services provider whose second-largest shareholder is BT Group PLC, will evaluate Satyams legal exposure and business sustainability before bidding, president C.P. Gurnani said in an interview. This story has been viewed 273 times. (Taipei Times, Taiwan -- World Business)
Most Stocks Decline on U.S. Jobs Report; FTSE 100 Retreats for Fourth Week Mar 7, 2009
BT Group Plc, the U.K.s largest phone company, fell 11 percent as Morgan Stanley advised clients to sell the shares. WPP, the largest advertising company, climbed 4. (Bloomberg -- UK)
European Stocks Fall for a Second Day; Intesa, UniCredit, Wolseley Decline Mar 7, 2009
BT Group Plc fell 11 percent to 74. 1 pence as Morgan Stanley cut the former state telephone monopoly to underweight. (Bloomberg -- Germany)
Stocks in Europe fluctuate Mar 7, 2009
BT Group, with more than 340,000 people in the retirement plan, may cut its final dividend for the first time since 2001 after the pension deficit swelled to 1. 7 billion, or $2. (International Herald Tribune -- Business)
European markets fall Mar 7, 2009
BT Group Plc fell 11% to 74. 1 pence as Morgan Stanley cut the former state telephone monopoly to "underweight.'' BT, with more than 340,000 people in Britain's largest company retirement plan, may cut its final dividend for the first time since 2001 after the pension deficit swelled to 1.7 billion pounds. The former state telephone monopoly's payout will fall to 3.5 pence from 10.4 pence for the second half, according to the mean estimate of 25 analysts surveyed by Bloomberg. Story Tools Got... (Sydney Morning Herald -- Business)
BT given regulatory freedom on broadband Mar 3, 2009
BT Group was given a boost on Tuesday when the regulator said it would not intervene in the wholesale pricing the telecom leader can set for super-fast broadband products. Ofcom said telecoms providers such as BT Group would be free to price wholesale super-fast broadband products themselves without any regulatory intervention, to earn a rate of return that reflects the associated costs and risk. (International Herald Tribune -- Health)
ING Foundation President Rhonda Mims Named One of Four Winners of PR News' CSR Executives of the Year Award Feb 28, 2009
com Inc., and Kevin Moss of BT Group. Press inquiries: Audria (Aud) Belton Benn ING Office: 770. (PR Newswire)
European Stocks Fall for First Week in Three After Earnings Miss Forecasts Feb 15, 2009
BT Group Plc dropped 7. 5 percent after the U.K.s largest phone company reported a 32 percent slide in third-quarter operating profit and said it may need to book further charges to overhaul the global services division. (Bloomberg -- Europe)
U.K. Stocks Drop as Lloyds Loss Pulls Banks Lower; Xstrata, Shell Advance Feb 14, 2009
4 percent in the week as earnings from BT Group Plc and Diageo Plc dragged down the gauge. The measure climbed 3. (Bloomberg -- UK)
Regulatory fees soar to over 1bn in response to banking crisis Feb 13, 2009
New Model Adviser Edition. News, ratings, events and ideas for professional financial planners. (CityWire.co.uk)
BT shares hit record low after warning Feb 13, 2009
BT Group, which has axed 9,500 jobs since last April, warned on Thursday that it plans further job cuts as it battles to turn around its failing corporate telecoms infrastructure division. By Rupert Neate Last Updated: 6:06AM GMT 13 Feb 2009. (Telegraph.co.uk)
BT core earnings down 9 percent on unit woes Feb 12, 2009
BT Group saw core earnings slump 9 percent in the third quarter and pre-tax profits crash 81 percent due to problems at its global network services unit, while its pension swung to a big deficit. BT said it would work to improve profitability at Global Services, save costs and limit capital expenditure to hit a new target of generating free cash flow of over 1 billion pounds next year. (International Herald Tribune)
Profits at BT plunge 81pc on Global Services write downs Feb 12, 2009
Profits at BT plunge 81pc on Global Services write downs - Telegraph. Thursday 12 February 2009. (Telegraph.co.uk)
FTSE down 1.5 percent as results storm dominates Feb 12, 2009
5 percent in early trade on Thursday, mirroring falls in Asia, as investors digested a mostly grim batch of news from companies including BT Group, Diageo, and Rio Tinto ... Telecoms firm BT Group was a big faller, down 5. (International Herald Tribune -- Sports)
Pension deal for BT 'partially unlawful': EU Feb 11, 2009
AFP/File EU regulators said that state guarantees for the pension fund of the BT Group telecoms operator are "partially ; BRUSSELS (AFP) State guarantees for the pension fund of the BT Group telecoms operator are "partially unlawful" and the government must recover an unpaid levy to the national pension protection fund, EU regulators said on Wednesday. "In the liberalised market of electronic communications, it is important to ensure that BT is subject to the same rules and obligations as its... (Yahoo News -- Politics)
EU says BT must pay millions in pension levy Feb 11, 2009
BT Group PLC will have to pay millions of pounds (dollars) to a British pension guarantee program after EU regulators ruled against a special exemption on Wednesday. The British telecoms operator has already put aside 16. (International Herald Tribune -- Sports)
Cable & Wireless on track for full-year guidance Feb 10, 2009
The country's second-biggest corporate telecoms provider after BT Group said it was on track to achieve its outlook for group earnings before interest, tax, depreciation and amortisation (EBITDA) of at least 780 million pounds. Today in Business with Reuters. (International Herald Tribune)
What fallout will Monster face following hack? Feb 7, 2009
Monster's latest breach "shouldn't have happened," said Bruce Schneier, chief security technology officer for BT Group. "But you can't understand a company's network security by looking at public events that's a bad metric. All the public events tell you are, these are attacks that were successful enough to steal data, but were unsuccessful in covering their tracks.". (MSNBC -- Technology)
