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11/04/2002
Market sees investors desert ailing telecoms sector
It was another troubling day for UK telecoms investors on the London stock market as shares fell sharply in a lively day's trading.
Shares in mmO2, the mobile phone operator spun off from British Telecom, have sunk to an all-time low according the latest FTSE 100 figures.
The company's stocks fell more than seven per cent to a new low of 56.5p on Thursday April 11 – a sure sign that investors are worried that a deal to provide airtime for BT's return to the mobile market could take away business.
The drop is considerable in comparison to mmO2’s first day of trading on 9 November 2001 when they closed at 74p, before hitting a high of 93p later that month.
The gloom hanging over the telecoms sector has also effected trading on shares for mobile phone giant Vodafone.
Vodafone dropped 5.5p to 114.5p, amid fears about the group's earnings potential. Its share price, which ended last year at 180p, is now close to its weakest point since October 1998. (AMcE)
Shares in mmO2, the mobile phone operator spun off from British Telecom, have sunk to an all-time low according the latest FTSE 100 figures.
The company's stocks fell more than seven per cent to a new low of 56.5p on Thursday April 11 – a sure sign that investors are worried that a deal to provide airtime for BT's return to the mobile market could take away business.
The drop is considerable in comparison to mmO2’s first day of trading on 9 November 2001 when they closed at 74p, before hitting a high of 93p later that month.
The gloom hanging over the telecoms sector has also effected trading on shares for mobile phone giant Vodafone.
Vodafone dropped 5.5p to 114.5p, amid fears about the group's earnings potential. Its share price, which ended last year at 180p, is now close to its weakest point since October 1998. (AMcE)
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27 September 2001
Marconi shares hit all-time low as company rated “worthless”
Shares in beleaguered telecoms equipment manufacturer Marconi, have fallen to an all-time low after City analysts rated the company’s value as ‘worthless’. Investors in the company have seen Marconi’s share price tumble to 18p, from a sometime high of £12.
Marconi shares hit all-time low as company rated “worthless”
Shares in beleaguered telecoms equipment manufacturer Marconi, have fallen to an all-time low after City analysts rated the company’s value as ‘worthless’. Investors in the company have seen Marconi’s share price tumble to 18p, from a sometime high of £12.
23 October 2001
Unions brand BT demerger as “insane”
The Communication Workers Union (CWU) has mounted an eleventh hour bid to save BT from inflicting “insane” damage on the company by a demerger.
Unions brand BT demerger as “insane”
The Communication Workers Union (CWU) has mounted an eleventh hour bid to save BT from inflicting “insane” damage on the company by a demerger.
07 September 2001
Motorola confirm 2,000 jobs to go
Motorola has confirmed it is set to cut 2,000 jobs as the global downturn continues to depress the telecoms industry. While not confirming where the jobs would be cut, a spokesperson said that operations in the UK and Ireland were “all susceptible”.
Motorola confirm 2,000 jobs to go
Motorola has confirmed it is set to cut 2,000 jobs as the global downturn continues to depress the telecoms industry. While not confirming where the jobs would be cut, a spokesperson said that operations in the UK and Ireland were “all susceptible”.
02 February 2004
ITV shares begin trading on London Stock Exchange
ITV plc, the company formed on the merger of Carlton and Granada, has launched its shares on the London Stock Exchange. All dealing in Carlton and Granada shares concluded on Friday's close, while ITV plc shares opened at 141 pence, reaching 146.25p by 4pm.
ITV shares begin trading on London Stock Exchange
ITV plc, the company formed on the merger of Carlton and Granada, has launched its shares on the London Stock Exchange. All dealing in Carlton and Granada shares concluded on Friday's close, while ITV plc shares opened at 141 pence, reaching 146.25p by 4pm.
17 August 2001
Technology share rebound fails to materialise
Share traders who had hoped to see technology and telecommunications shares recover after a poor week’s trading on the FTSE100 have been disappointed. Trading in tech and telecoms shares failed to firm up as a nervous market looked elsewhere for returns.
Technology share rebound fails to materialise
Share traders who had hoped to see technology and telecommunications shares recover after a poor week’s trading on the FTSE100 have been disappointed. Trading in tech and telecoms shares failed to firm up as a nervous market looked elsewhere for returns.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
