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

BSkyB CEO says keen to sign BT wholesale sports deal

(Reuters) - BSkyB (BSY.L) is keen to sign a mutual wholesale deal with BT (BT.L) so both groups can offer their customers the full range of live sports, Chief Executive Jeremy Darroch said on Wednesday.

BSkyB, the dominant pay-TV group in Britain, lost the rights to show Champions League soccer to BT earlier this month, making it more important that the two groups agree a wholesale deal so BSkyB can show the BT sports channels on its platform and vice versa.

Speaking at a Morgan Stanley conference in Barcelona, Darroch said he did not expect to take a huge hit from the loss of the channels and that they had not been willing to pay any more for the rights.

Berenberg Buy 374.50 374.50 - 411.00 Retains

Jefferies International Buy 374.00 374.00 430.00 435.00 Retains

NBA seals 'multiyear' UK broadcast deal with BT Sport

BT Sport has partnered with the NBA to televise live professional basketball in the UK and Ireland, a press release announced today.

BT Sport 1, BT Sport 2 and ESPN will air up to seven games a week through the second round of the playoffs, and the entirety of the conference and league final series. LeBron James of the Miami Heat, Metta World Peace of the New York Knicks and Spencer Hawes of the Philadelphia 76ers, will feature in primetime, multiplatform coverage, and certain games will stream live on BT Sport's website.

13 year high @388p within reach.

JOE GARNER TO BE CEO OF OPENREACH

JOE GARNER TO BE CEO OF OPENREACH

Brings proven track record in customer service improvement and programme delivery from banking and retail sectors

Joe Garner is to be the new CEO of Openreach, BT announced today. Garner, who will join in mid-February, will replace Liv Garfield, who is leaving to become CEO of Severn Trent.

more..

Interims 31st Jan.

3rd Quarter Results

Financial highlights for the third quarter:
· Underlying revenue excluding transit up 2.4% compared with a decline of 3.2% in the prior year
· EBITDA2 flat at £1,537m, with cost transformation offsetting the investment in BT Sport
· Earnings per share2 up 12%
· 2013/14 EBITDA2 now expected to be at the upper end of the £6.0bn-£6.1bn range

Citigroup Buy 398.30 396.50 430.00 430.00 Reiterates


Multi-year high @400405p

Credit Suisse Outperform 412.95 413.00 350.00 440.00 Reiterates

Berenberg Buy 405.00 413.30 411.00 460.00 Retains

BT SPORT TO REMAIN FREE WITH BT BROADBAND FOR A SECOND SEASON

Final Results

Jefferies International Buy 382.70 382.70 440.00 470.00 Retains

BT Group notes the press release issued below by the BT Pension Scheme:

BT PENSION SCHEME TRUSTEE REDUCES LONGEVITY RISK

BT Pension Scheme ("BTPS" or the "Scheme") Trustee announces today that longevity insurance and reinsurance arrangements have been entered into to protect the Scheme against costs associated with potential increases in life expectancy.

These arrangements cover over 25% of the BTPS's total exposure to improvements in longevity, covering some £16bn of the Scheme's liabilities (measured on an economic basis1 at October 2013, the date the

insurance and reinsurance commences). The longevity insurance policy will provide long term protection and income to the Scheme in the event that members live longer than currently expected.

To facilitate the transaction and maximise the Scheme's access to the global insurance and reinsurance market, the Trustee has set up a wholly owned insurance company. BTPS has transferred longevity risk to this insurer, who has in turn reinsured this longevity risk with The Prudential Insurance Company of America ("PICA"), a U.S. based life insurance company. By using a wholly owned insurer, the Trustee was able to access capacity in the global insurance and reinsurance market directly and achieve the best value for the Scheme.

Paul Spencer, Chairman of the Trustee said: "This transaction has taken many months of hard work by the Scheme's executive team. This is a ground breaking deal in terms of size, structure and with one of the leading life insurance companies in the United States providing reinsurance. But more than this, the Trustee is delighted with a transaction that significantly reduces risk and provides enhanced security for members".

The longevity insurance policy will form part of the Scheme's investment portfolio. These arrangements will not require additional contributions to be made by BT.

BTPS was advised by Towers Watson and Allen & Overy LLP with support from Hogan Lovells.

They have also been trying to buy the cost of living increase off current pensioners for a derisory amount.

BT to deploy e-Invoicing globally with Tungsten

BT to deploy e-Invoicing globally with Tungsten



London, 29 July - Tungsten Corporation plc (LSE:TUNG), the electronic trading network, has secured a new contract with BT Group, the global telecommunications company, to deliver electronic invoicing, Purchase Order Services and Invoice Status Service to its global operations.

BT started working with Tungsten Network, then OB10, in the UK in 2003. The company has now selected Tungsten to extend the benefits of e-Invoicing to all its suppliers across all entities.

"We are delighted that one of the world's early adopters of e-Invoicing has chosen to work with Tungsten to bring streamlined invoice processing and prompt payment to its global supplier base," says Edmund Truell, Group CEO. "This significant contract continues to reinforce our ability to help both large corporations and SMEs trade with confidence."

1st Quarter Results

Key points for the first quarter:

· Underlying revenue excluding transit up 0.5%
· Cost transformation running at a similar pace to last financial year; underlying operating costs4 excluding transit and BT Sport down 3%

· EBITDA1 flat and earnings per share1 up 10%
· BT Global Services and BT Business both grew EBITDA despite lower revenue
· Our outlook remains unchanged

Berenberg Buy 380.10 381.80 460.00 475.00 Retains

Espirito Santo Execution Noble Buy 380.10 381.80 455.00 480.00 Reiterates

Left a buy limit on spreads @ 392.23