Streetbeat News

BTGOF

BT Group

https://www.btplc.com/

CEO

Philip Jansen

Industry

Telecommunications Resellers

Open

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52-wk high

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JPMorgan analyst Patrick Jones predicts a significant copper deficit by 2030, driven by increased demand from electric vehicles and renewable energy. Despite potential substitution with other materials, the deficit is expected to persist. Key mining companies like Teck Resources and Rio Tinto are poised to benefit, while electrification plays like ChargePoint Holdings could also see gains.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 12:42 pm

Zscaler, Inc. (NASDAQ:ZS) has expanded its partnership with U.K.-based BT Group Plc (OTC:BTGOF) to enhance cloud security offerings through the Zscaler AI-driven Zero Trust Exchange platform. This collaboration will also provide BT Group with security solutions for its operations, aiming to improve business agility, efficiency, resilience, and security for BT's customers. Zscaler's financial outlook includes a Q3 non-GAAP income from operations forecast of $98 million to $100 million and a net income per share of 64 to 65 cents. For fiscal year 2024, the forecast is $395 million to $400 million for non-GAAP income from operations and $2.73 to $2.77 for net income per share. ZS stock has seen over a 73% increase in the past year and is trading higher by 0.50% to $195.05 in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

March 26, 2024 | 11:16 am

UK teenagers Arion Kurtaj and an associate were identified as key figures in the cybercriminal group Lapsus$, responsible for hacking major corporations including Nvidia Corp, Rockstar Games Inc, and Uber Technologies Inc. The group's activities have had significant financial implications for these companies. The teens were found guilty of computer misuse, fraud, and blackmail, primarily targeting BT Group Plc and its subsidiary, the EE network, and Nvidia.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 12:58 pm

Several significant business events have occurred. Alphabet Inc's Google has had an investigation into alleged abuse of dominance closed by the Italian Competition Authority. Toyota Motor Corp is strengthening its local development of intelligence and electrification technology in China. J.B. Hunt Transport Services is buying 13 zero-emission trucks from Nikola Corp. BT Group PLC has appointed Allison Kirkby as CEO. Walt Disney Co has appointed former executives Kevin Mayer and Tom Staggs as advisors to CEO Bob Iger. Foxconn is expanding in India with a $195M investment. Novo Nordisk A/S's weight-loss drug Wegovy has hit the German market. Walmart Inc has bought out Tiger Global's stake in Flipkart for $1.4B. Yellow Corporation has ceased operations. Panasonic Holdings Corp and Heineken NV have released their earnings reports.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 2:14 pm

BT Group PLC has announced the appointment of Allison Kirkby as its new CEO, effective no later than January 2024. Kirkby, who has served as the president and CEO of Telia Company AB since early 2020, has been a Non-Executive Director at BT Group since 2019. The current CEO, Philip Jansen, will step down at an 'appropriate moment' over the next 12 months and will support the handover until his retirement in March 2024. BTGOF shares closed higher by 7.05% at $1.67 on Friday.

Portfolio Pulse from Lekha Gupta

July 31, 2023 | 11:24 am

Gorilla Technology Group Inc's shares are trading higher by over 13% after it announced a strategic deal with BT Group Plc to provide AI-Powered, smart port solutions. The deal combines Gorilla's video analytics expertise with BT's vast network infrastructure to cater to the logistics industry. Earlier this month, Gorilla disclosed a $270 million contract with the Government of Egypt.

Portfolio Pulse from Lekha Gupta

July 20, 2023 | 1:56 pm

Meta's Threads app has reached 100 million users in five days, making it the fastest-growing consumer application in history. Nanobiotix has entered a global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica, a unit of Johnson & Johnson, for the investigational radioenhancer NBTXR3. GSK's Arexvy vaccine for respiratory syncytial virus has been approved in the UK for older adults. BT Group's CEO Philip Jansen is stepping down within the next 12 months. Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Vedanta, impacting India's chipmaking plans. General Motors has reduced the starting price for the Cadillac Lyriq by 14% in China. SVB Financial Group is suing the U.S. Federal Deposit Insurance Corporation to recover $1.93 billion. Saudi National Bank's plan to increase its stake in UBS Group's Credit Suisse has been halted by Swiss regulator FINMA. Godrej Aerospace is planning to invest in General Electric's GE414 engine manufacturing operations. Carl Icahn has revised loan agreements and recovery strategy after a short-seller attack led to a 40% drop in Icahn Enterprises' shares. Novo Nordisk's weight-loss medications are under European investigation over suicidal risks. Alibaba's Youku is airing a series focusing on China's semiconductor leadership.

Portfolio Pulse from Vandana Singh

July 10, 2023 | 2:30 pm

BT Group PLC's CEO, Philip Jansen, has announced his intention to step down within the next 12 months. The Board has begun the search for a new CEO, with an update expected this summer. This follows BT Group's announcement in May of plans to cut its global workforce from 130k to between 75k-90k over FY28-FY30. BTGOF shares closed higher by 2.30% at $1.555 on Friday.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 1:31 pm

The upcoming week will see a number of companies reporting their earnings, including JPMorgan, PepsiCo, Delta Air Lines, and ConAgra Foods. The Dow Jones Industrial Average has seen a rebound in the first half of the year, with 15 of the 30 stocks in the index up and 15 down. The June consumer price index (CPI) report is also set to be released, with the previous reading showing an inflation rate of 4% year-on-year.

Portfolio Pulse from Anthony Noto

July 09, 2023 | 8:04 pm

HSBC Holdings is testing an advanced data-security system run by BT Group, Amazon's AWS cloud, and Toshiba Corp. The quantum essential distribution type of cyber defense could help protect trillions of dollars of transactions from hackers. The trial involves the bank sending test data between its headquarters and a data center. In 2022, JP Morgan Chase acknowledged demonstrating the ability of the newly developed QKD network to instantly detect and defend against eavesdroppers.

Portfolio Pulse from Anusuya Lahiri

July 05, 2023 | 11:51 am

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