You are here
Britain BT Business PCAOB U.S. 

U.S. accounting watchdog probes PwC’s audits of BT Italy: source

July 5, 2017 By Emilio Parodi MILAN (Reuters) – The U.S. accounting watchdog is investigating accounting firm PricewaterhouseCoopers’s [PWC.UL] audits of British telecoms group BT’s Italian business, which has been hit by a book-keeping scandal, a source close to the matter said. The PwC audit of the Italian business is coming under increasing scrutiny worldwide after a similar investigation launched in Britain last week. PwC said in an emailed statement it was not the company’s policy to comment on client issues. BT lost a fifth of its market value in…

Read More
Britain BT France Orange italy Tech Top News 

France’s Orange to cut stake in BT Group

June 19, 2017 PARIS (Reuters) – French telecoms company Orange plans to reduce its stake in British rival BT Group from 4 percent to as little as 1.33 percent, it said on Monday. Shares in BT, Britain’s biggest telecoms operator, have underperformed those of its European peers of late, falling by about 21 percent since the start of the year after an accounting scandal in Italy forced the group to cut forecasts for the next two years. Orange said in a statement that it plans to initially lower its BT…

Read More

Vodafone pays the price for inertia as rivals pull ahead

March 10, 2017 By Sophie Sassard and Paul Sandle LONDON (Reuters) – British mobile operator Vodafone risks being left on the sidelines as rivals converge to break free from just selling ever-cheaper data bundles and become internet companies offering combined services from phones to TV to broadband. Vodafone expanded at breakneck speed through audacious takeovers and now has nearly half a billion mobile customers and operations in about 30 countries, yet investors worry it is not adapting quickly enough to the fast-changing landscape. Long-cherished for its dividend yield, Vodafone shares…

Read More
Facebook Auto Publish Powered By :