BT Price War Forecast
A price war over broadband and phone costs is likely to follow a decision by Ofcom to end 25 years of controls on BT’s consumer business. The move will allow the telecoms group to compete against rivals like Carphone and Virgin Media by enabling it to offer cheap bundles of services for the first time.
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Coal Set for Cash Call
UK Coal, which is Britain’s biggest coalmining group, is set to announce plans to raise about £100 million from shareholders. According to Sky News, the market value of the company’s land has decreased and it also has a pension deficit that it needs to address.
Troppes Tiles Reported a Double-digital Slide
Tile and flooring chain–Troppes Tiles reported a double-digital slide in full-year sales but said that the home improvement market was showing signs of stablising. Its sales are expected to indicate a decline of 13.5% in the year to September 26, which will be better than the 18.5% fall reported at the half-year stage. It also expects annual operating profits to meet City forecasts of between £10.5 million and £14 million.
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