But Whitehall could decide to block BT dialling for full control.BT is not,
But Whitehall could decide to calendar php?year=2010&month=2 block BT dialling for full control.BT is not, however, the only privatisation share feeling the pinch as the stock market trades near its highest level.British Gas, another under regulatory pressure, was down 1p at 227.5p, perilously near its year's low. Cable and Wireless, still reeling from the boardroom php?year=2010&month=2 upheaval, is rumoured to be one possible target. Cable, up 5p at 446p, has pulled in ABN Amro Hoare Govett as joint broker with Cazenove - which extcal could indicate that it suspects a bid modules extcal is in the offing.A BT move for the outstanding calendar php?year=2010&month=2 shares in Cellnet, the mobile telephone group, would - of the possible deals being talked about - be the most popular. Another idea is it will buy Cable's controlling stake in Hong Kong Telecom. The telecoms giant has been under modules increasing pressure in the past three months, with the share price php?year=2010&month=2 modules extcal collapsing from a year's high of 414p, as many small shareholders decided to snatch their profits before they disappeared. BT's increasingly rough relationship with the industry regulator is worrying the group, as is the growing competition. There is a feeling it is extcal beginning to look like php?year=2010&month=2 a extcal staid old giant, tormented by many of the industry's modules smaller calendar players.With BT's margins under pressure and the stock market's profit forecasts looking less positive there calendar is plenty of calendar room for disenchantment.The modules nagging suspicion that BT could indulge in what might be an unpopular take over spree is also taking its toll.
The shares fell a further 4.5p to 343.5p, lowest for three years. Travis Perkins buys builders' merchants Travis Perkins, the builders' merchants, is paying pounds 14m for BMSS, which operates a chain of 26 timber and builders' merchants in the West Midlands, Wales and Greater Manchester areas The cash offer is worth 153p per share. Investors are continuing to hang up on BT, the Government's biggest privatisation adventure. The location of its branches complements those of Travis Perkins which are principally in the South-east and Midlands.. In the year to January, BMSS reported pre-tax profits of pounds 706,000 on sales of pounds 18.6m. The chairman, Cyril Gay, said restructuring within the industry presented the group with unique opportunities to expand The final dividend was increased from 2p to 2.3p..
Eurocopy makes headway Profits at Eurocopy, the photocopying group that recently called off takeover discussions, were up from pounds 3.6 to pounds 4.2m in the year to September. Profits for the year to September slumped to pounds 33,000 from pounds 1m last year and the dividend has been halved to 1.3p. Margins were lower due to a shift in the sales mix towards supplying more multiple retailers Mail order sales were also down. The problems were due mainly to costs and provisions incurred at Cray Communications, the computer network subsidiary, which recorded a pounds 4.8m loss in the half year. The new chairman, Alec Daly, made a cautiously optimistic statement, saying that though turnover was 5 per cent lower, orders were ahead of last year The shares closed 0.5p higher at 47.5p yesterday..