AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
British Telecom Stock Rises Ahead of Demerger.
Byline: Michael Clark
Nov. 14--The buyers came pouring back in for British Telecom today ahead of Monday's demerger of mobile phones arm mm02.
In heavy trading, they pushed the price 18 pence higher to 338 1/2 pence as more than 40 million shares changed hands. On the grey market, mm02 rose 4 1/2 pence to 80 1/2 pence while what will become the rump of the business, BT Group, rose 10 pence to 258 pence on a when-issued basis.
Because of its size, mm02, with a price tag of UKpound 6.1 billion, will automatically become a constituent of the Footsie 100. It just remains to see who takes the drop to make way for it. Those companies most vulnerable were pulling out all the stops today. They include British Airways, up 12 1/2 pence at 181 pence, GKN, 10 pence better at 291 1/2 pence and United Business Media, ahead 24 pence at 542 1/2 pence.
They liked the results from Cable & Wireless, which was the best performer among the top 100 companies, rising 27 pence to 373 pence. Profits were down but the market warmed to news of a special dividend and shares buyback. After all, it has about UKpound 5 billion on deposit at the bank. The City is still patiently waiting to see what it spends the money on.
- This will be my last Christmas unless you can save my life-health & fitness;...
- Newspaper article from: The Evening Standard (London, England) December 9, 2003 700+ words
...takes to ensure that this Christmas isn't Penny Phillips's final one. When she cuddles...three, and four-month-old Noah, Penny's feelings are rather more intense than the usual rush of grandmotherly love. Penny looks healthy enough, but she is dying...
- Evening Standard, London, Stock Markets Column.
- Newspaper article from: Knight Ridder/Tribune Business News Evening Standard, London November 1, 1998 700+ words
...Holdings, up 1/2 pence to 81 1/2 pence, Persimmon firming 5 1/2 pence to 173 pence and Berkeley Group putting on 1 penny to 511 1/2 pence. A report by the Evening Standard motoring correspondent that taxi orders are down hit Manganese Bronze...
- Evening Standard, London, market report column.
- Newspaper article from: Knight Ridder/Tribune Business News August 17, 2004 700+ words
...spring and told the Evening Standard yesterday that he planned...amp; Spencer, up 1 pence at 350 3/4 pence...The shares rose 1/2 pence to 44 pence. UKpound preceding...To see more of the Evening Standard, or to subscribe to...
- Evening Standard, London, Market Report Column.
- Newspaper article from: Knight Ridder/Tribune Business News December 17, 2003 700+ words
Evening Standard, London Knight...falling 4 1/2 pence to 274 pence...contacted the Evening Standard claimed this...up 7 3/4 pence at 437 1...pence to 404 pence after broker...more of the Evening Standard, or to subscribe...
- Evening Standard, London, Stock Watch Column.
- Newspaper article from: Knight Ridder/Tribune Business News September 10, 2002 700+ words
...Merrill Lynch to set a target price of 1400 pence. AIM minnow InterClubNet, which supplies...software, moved into the black and added 1 pence to 43 1/2 pence. To see more of the Evening Standard, or to subscribe to the newspaper, go to...
- Evening Standard, London, Market Report.
- Newspaper article from: Knight Ridder/Tribune Business News Evening Standard, London August 26, 1998 700+ words
...from suspension at 42 1/2 pence, AIM-listed Selector gained...technology and resumed trading at 4 pence, down 38 1/2 pence, even though it intends to...make acquisitions. Visit the Evening Standard at http://www.standard...