If Bt has bought back 2million 5 thousand shares to day. How come it shows on trades as a sell?

BT AGM Statement





TIDMBT.A

RNS Number : 6947V
BT Group PLC
15 July 2009

?


July 15, 2009


CHAIRMAN SAYS BT WILL EMERGE FROM RECESSION STRONGER


BT expects to deliver well over GBP1billion of cost *reductions in the current
financial year, whilst improving customer service, investing in a fibre future
and aiming to improve free cash flow** by over a third. This message was
delivered by BT's Chairman Sir Michael Rake, addressing shareholders at the
company's annual general meeting at the Barbican Centre in London today.
Sir Michael acknowledged that the company's 2008/09 financial year had been a
difficult one. Whilst three of the company's four market facing divisions (BT
Retail, BT Wholesale and Openreach) had delivered well, the performance of BT
Global Services had been unacceptable and led to the company making a number of
substantial charges. Sir Michael said that improving the performance of BT
Global Services was a key priority.
Turning to regulation, Sir Michael committed BT to fighting for fairer markets.
He said that BT must be able to invest and compete in any other country in the
same unrestricted manner in which non-UK companies can invest and compete here.
In the UK he reminded shareholders that BT has invested billions of pounds in
its network, which it makes available to all communications providers on a fair
and equal basis. He said it was vital that others also share their assets on a
fair and equal basis. In particular, he welcomed Ofcom's proposals to address
distortions in the Pay TV market but called on the regulator to act swiftly to
enforce fair access to premium TV content.
Speaking about the full year dividend of 6.5p Sir Michael said: "The Board is
committed to delivering attractive returns for shareholders. We believe that
operational improvements in the business will generate sufficient cash flow to
allow the dividend to grow at the same time as we invest in the business, reduce
debt and support the pension scheme".
Sir Michael said that by building a better business through focus on customer
service, cost transformation and investing in next generation networks, the
company will emerge stronger from the recession.


* capital expenditure and operating costs
** before pension deficit payments

Result of AGM

Worth a watch if you are a python fan or hold BT :-)

LOL skinny - Not as good as the original - but a worthy spoof.

If you are into that sort of thing, try this one.

http://www.youtube.com/watch?v=luVjkTEIoJc&feature=PlayList&p=7E6FFD3680B5736A&playnext=1&playnext_from=PL&index=2

BT & Vodafone in strategic partnership.

15% + in July

Yep. and I'm thinking of getting out to spread some risk. The only inherited share I kept (apart from RBS which I don't talk about). As you say a nice recent rise from it's low of around 70p.

Perhaps it's time to pull the plug.

I closed half of my positions in PSN LLOY RBS & BT yesterday as I thought things were getting too frothy. Suffice to say that all are up today!

I think you've done a wise thing. This rise has been running out of gas for a few days now. This is the first day I haven't played the miners. I suspect their run is over for the moment.

1st quarter results.

Results seem to have gone down well!

BT Group Sells German Consulting Service





LONDON -(Dow Jones)- BT Group PLC (BT.LN), a telecommunications company, said Friday BT Global Services has sold its German business simulation and consulting activities for clients in the energy sector to the existing manager, Heiko Spitzer, in a management buy-out transaction.

MAIN FACTS:

-The newly formed company acquiring the business is called intellgenio GmbH and will honour the contractual obligations of BT so that existing customers can continue to enjoy their usual outstanding support.

-The unaudited gross assets of the business being sold are EUR0.2 million as at June 30.

BT Set To Benefit From Relaxed Competition Rules





By Kathy Sandler

Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- BT Group PLC (BT) will be able to compete more effectively against its telecom and media rivals after U.K. regulator Ofcom Tuesday said it would allow the company to offer cut-price phone lines within its bundle of telephony, broadband and TV services, removing one of the last remaining restrictions on the former monopoly's business.

Ofcom said the decision was taken after BT was judged to no longer have "significant market power" in the majority of retail landline markets in the U.K.

BT has had to compete with telecoms and media companies like British Sky Broadcasting Group PLC (BSY), Virgin Media Inc (VMED) and Carphone Warehouse Group PLC's (CPW.LN) TalkTalk service since it was forced to open up its phone lines to competition in 2005.

News Corp. (NWS), owner of this newswire, has a roughly 39% stake in BSkyB.

These companies have offered discounted or free phone lines when sold with other services like cable or satellite TV and super-fast broadband, but until now BT hasn't been allowed to discount its phone line service.

Ofcom's ruling will allow BT "to compete on a more level playing field than previously," said a BT spokesman.

In addition to retail consumers, BT's global services division, which competes with companies like Cable & Wireless PLC (CW.LN) and Colt Telecom Group SA (COLT.LN) , and its small and medium-sized business division, will also be able to take advantage of the improved competitive landscape.

Ofcom said Tuesday's decision will benefit consumers by helping to increase competition in the delivery of bundled services.

s
your a couple of hours too late for me . i shorted them this morning. lol.
what to do? ;-(
regards
jkd

Sorry :-)

I'm long (ISA) from 97p and am long a few this morning (sb) - seems rude to ignore the trend!

s
spot on. your so right. thanks for the reminder. top picking can damage our ealth.
regards
jkd

s
now heres a really strange thing. i am so convinced i am right i now want to sell more.
fortunately my money management will not allow me to add until or unless i am already in profit.that is set in stone and cannot be removed. lucky me. my stop loss is of course already in place.
regards
jkd

jkd - upgrade today by Credit Suisse (170p) if you believe such things.

s
blimey
i fink i better buy back. and quick;-(
regards
jkd