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

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

s
i did actually manage to get into profit on my short but didnt take it.i now have a stop loss to buy back half at small loss ;-( nearly there. i shall hold balance with original stop loss in place. ;-(
caveat: only works if part of a properly balanced controlled diet. luckily my others
seem to just want to continue up for some reason. :-)
regards
and good luck
jkd

BT GLOBAL SERVICES COMPLETES THE DISPOSAL OF DATA AND INFORMATION SYSTEMS MIGRATION ACTIVITIES IN FRANCE







BT Global Services, a division of BT Group plc, today announces the sale of its French data and information systems migration activities for corporate customers following the successful conclusion of negotiations previously announced by SODIFRANCE, a publicly listed French company that provides computer services for large firms, especially in the Banking, Insurance, Pension and Public sectors. The sale will be effective as of 1 November 2009. The unaudited gross assets of the business being sold are 1.8 million as at 30 September 2009.

Hi s
i hope you are well. we seem to have a nice little battle going on here. not you and i personally but the market bulls and bears.
good luck to you.
regards
jkd

Yes its all about 10,000 atm. Michigan Confidence figures out tomorrow - so maybe some direction then.

s
i am not sure i really understand its all about 10,ooo, is that dow level? anyway bt will do what it will do, regardless of dow. just my opinion.
regards
jkd

BT.A Goldman: neutral, tp cut to 148 from 150


jkd - yes - and it looks to be in the rear view mirror for now!

s
are you still holding that s/b long? i'm still holding my short, but only just. i think this is getting ready to break one way or the other. although today i'm not sure which.
good luck to you.
regards
jkd

jkd - not currently - I have been in and out twice since then. I still have the 'real' holding in the isa.

Interim results.

RESULTS FOR THE SECOND QUARTER AND HALF YEAR TO 30 SEPTEMBER 2009


Key points for the second quarter:


* Revenue1 of GBP5,122m, down 3%, or 6% excluding foreign exchange movements and
acquisitions
* Adjusted EBITDA1 of GBP1,436m, up 2% reflecting progress in all lines of
business
* Continued improvement in BT Global Services with adjusted EBITDA1 of GBP95m, up
53% on the first quarter
* Adjusted earnings per share1 of 4.5p, down 8%, reported earnings per share of
5.5p, up 12%
* Free cash flow of GBP705m, up GBP336m including a tax repayment and associated
interest of GBP226m
* Net debt4 reduced to GBP9.9bn
* Total underlying costs2 down GBP932m in the half year
* Interim dividend of 2.3p per share

120p open

Not sure about that!

BT profits tumble 45% as cost cutting swells

However, today's results are better than expected and Ian Livingston, chief executive of BT increased the company's sales target for the year from an expected decline of between 4 per cent and 5 per cent to 3 per cent and 4 per cent.