Market Currents

• Thursday, July 30, 2009

• 09:04 AM BT Group (BT): FQ1 net profit fell 44% to £214M ($352M), better than consensus of £118M. Sales of £5.24B (+1.1%) vs. consensus of £5.04B. Ebitda fell 2.4% to £1.29B, in line. Shares +11% premarket. (Bloomberg) Comment!
• 09:00 AM Premarket gainers: CIT +19%. EMKR +12%. CVC +11%. BT +11%. ARIA +11%. IRE +10%. HIG +10%. MOT +8%. NWL +8%. AKRX +7%. MA +7%. AIB +7%. ALU +7%. GE +6%. RTP +6%. ELY +5%. ARMH +5%. GNW +5%. AXL +7%. RCL +5%. TSM +5%. EGLE +5%. LVS +5%. YGE +5%. BCS +5%. MGM +4%. BHP +4%. SOL +4%. MT +4%. CLF +5%. CNO +4%. USU +4%.
  Losers: PCBC -17%. AKAM -16%. INO -12%. GMR -9%. TOO -9%. SYMC -9%. CATY -7%. GHL -6%. CTV -6%. Comment!

• Friday, June 12, 2009

• 09:00 AM Premarket gainers: SVNT +46%. RMBS +15%. WH +14%. SVA +14%. VICL +12%. SKS +9%. ACAS +6%. ABAT +5%. BT +4%. NMR +4%.
  Losers: SAY -14%. ARST -11%. HGSI -8%. CPST -7%. ESLR -6%. RTP -6%. AAUK -5%. BHP -5%. MT -4%. CTIC -4%. APTG -4%. HL -4%. AKS -4%. Comment!

• Friday, May 15, 2009

• 11:03 AM BT Group's (BT) Q1 numbers, layoffs, and dividend cut spooked investors Thursday, but Barron's says its rivals Vodafone (VOD) and Telefonica SA (TEF) are prepped for healthy earnings from the cellular boom in emerging markets. Comment!

• Tuesday, April 14, 2009

• 14:59 PM Recent reports of BT Group (BT) writing down £1.5B in global services is 'shocking,' a trader says. "£1.5B in Global Services - what is going on there?" BT called the report, which also predicted 10,000 job cuts, "speculation." Comment!

• Friday, March 6, 2009

• 09:00 AM Premarket losers: GM -6%. BT -5%. HBC -3%. Comment!

• Thursday, January 22, 2009

• 09:00 AM Premarket losers: ECLP -31%. DRYS -22%. HBAN -17%. DOX -15%. BT -13%. BCS -12%. GNK -12%. AEG -12%. NOK -10%. SNE -10%. STI -10%. EBAY -9%. DSX -8%. PALM -7%. CIT -7%. UL -6%. COF -6%. DEO -5%. ASML -5%. CBY -5%. USB -5%. STM -5%. GGB -5%. Comment!

• Wednesday, November 19, 2008

• 09:05 AM Premarket gainers: BT +3.8%. SGR +3.6%. OSIP +2.7%. NOK +2%. UL +2%. Comment!

• Thursday, November 13, 2008

• 09:19 AM BT Group (BT) is up 9% premarket. It's cutting 6% of its workforce, or 10,000 jobs, to save costs. Says the slump "will get worse before it gets better." Comment!
• 09:10 AM Premarket gainers: AMAG +77%. HTE +11%. MT +10%. NTAP +9%. BT +8.5%. ELN +8%. GM +7%. LDK +7%. LVS +7%. CBG +7%. STD +6%. SI +5%. Comment!
• 08:12 AM Early premarket gainers: CBG +11.4%. HTE +8%. MT +8%. BT +7%. NTAP +6%. LVS +5.5%. TRI +4%. HMY +3%. GM +3%. Comment!

• Tuesday, September 2, 2008

• 05:51 AM Alcatel-Lucent (ALU) taps two Europeans: Dutchman Ben Verwaayen, former chief of BT Group (BT) becomes CEO, and Frenchman Philippe Camus, a former aerospace executive, is the new Chairman. Shares -1.2% in Paris. Comment!

• Wednesday, August 27, 2008

• 05:14 AM BT Group (BT) considers selling its 31% stake in its $2.2B JV with India software firm Tech Mahindra. A sale would be one of the biggest ever in the India outsourcing sector. Comment!