Hat tip to Alex Ralph. The hard working hack on The Times busness section dug up a rather good line in today's newspaper about how Philip Jansen, BT Group's newish chief executive, is now open to selling a stake in Openreach (whose valuation is £20 billion, by the way). Below is a link to Alex Ralph's story:..
Posts tagged: BT Group
There weren't too many public company deal stories that caught Betaville's eye this weekend but The Sunday Times interview chief executive stood out like a sore thumb.
Philip Jansen, the new (ish) boss of BT Group, offered himself up to Oliver "Shahsy" Shah and John "The Ridge" Collingridge, senior business hacks at The Sunday Times for a grilling. Below is the link if you didn't read it:..
Mark, the "Kleinmanator", Kleinman of Sky News has gone for a Saturday afternoon wind up with a story about BT Group hiring Goldman Sachs and, maybe, Robey Warshaw to work on a defence ahead of a £15 billion takeover approach. Below is the link:
The mystery bidder circling BT Group's £20 billion Openreach division is rumoured to be working with investment banking advisers from JP Morgan on a potential approach.
Last week Betaville Intelligence revealed the FTSE 100-listed telecoms company is said to have drawn serious takeover interest in its Openreach division from a new suitor...
Does anybody else think yesterday's business splash in the The Sunday Telegraph about the Public Investment Fund accumulating a sizeable shareholding in BT Group is connected to the FT's scoop last month about Macquarie holding talks with the FTSE 100-listed telecoms giant about buying a stake in Openreach?..
The financial commentariat really did get their knickers in a twist about last week's FT scoop about BT Group holding talks with infrastructure investors about a sale of a stake in Openreach.
But I have done a bit preliminary poking around and it would seem there is one very important question: why was the "denial" issued by Clive Selley, the boss of Openreach, through a memo to employees rather the company's chief executive via an RNS?..
Last night's scoop from the FT about BT selling Opeanreach to Macquarie is getting a serious poo-pooing this morning from analysts, hacks and spinners.
Indeed, Jim "Armo" Armitage, City editor of the Evening Standard, pisses on the story from a high height. Below is a link to his column and a follow up "EXCLUSIVE" containing a "denial" in a leaked memo to Opeanreach staff:..
The Pink 'Un has just published a rather good tale about BT Group starting talks about a sale of Openreach as part of a deal that would value the business at up to £22 billion...
Loyal readers might have noticed an interview piece with Crispin Odey written by yours truly in this weekend's Mail on Sunday. Well, below is a link in case you missed it:
So, it would appear Ben Gartside of Yahoo Finance was barking up the right tree when he dug out a rather good scoop in July about Labour looking to nationalise BT Group.
Below is the link to his great story:
Betaville's chums on the Mail on Sunday's business section had a decent haul yesterday.
Indeed, Neil "Neily" Craven's scoop about Ray Kelvin looking at a take private of Ted Baker appears to be the most talked about story in the London market this morning...
John McDonnell, the shadow chancellor, appreared to definitively rule out any potential re-nationalisation of BT Group in yesterday's The Sunday Times following reports from Yahoo Finance a couple of weeks ago that Labour was looking at the possibility of taking the telecoms giant back into public ownership.
Below is the link to Oliver Shah and John Collingridge's fascinating piece in yesterday's business sections:..
Hat tip to Ben Gartside at Yahoo Finance, who today revealed how the office of Jeremy Corbyn is weighing a £20 billion nationalisation of telecom giant BT Group. Below is the link to the piece:
Hat tip to John "The Ridge" Collingridge, deputy City editor of The Sunday Times, for landing a cracking tale in today's The Sunday Times about Labour's plans to take private/renationalise the country's water companies at a discount.
I can't imagine investors in London's listed water companies (United Utlities, Pennon Group and Severn Trent) are too happy about that! Below is a link to John's scoop:..
Betaville notes Mark Kleinman of Sky News earlier today revealed that BT Group has hired Lazard to sell its fleet management operations (also known as a bunch of vans) for £200 million.
Knowing Kleinman a bit from working together at The Daily Telegraph I'm sure the tale is accurate...
There was an interesting snippet on this morning's market live session on FT Alphaville.
Bryce Elder, who runs the markets live chat, was suggesting Deutsche Telekom was/is working with advisers to start working on a bid for BT Group. Below is a link to the markets live session: