Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BT Group plc    BT.A   GB0030913577

BT GROUP PLC

(BT.A)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BT : Our intention to establish a ProcureCo

11/10/2020 | 09:41am EST

BT Group intends to set up a standalone procurement company. Cyril Pourrat, our Chief Procurement Officer, has written to our largest suppliers to let them know about this proposal:

Subject: Our intention to establish a ProcureCo

Dear supplier,

As you are aware, BT is going through a root and branch process to modernise and simplify the way we do business. We want to create a BT that's easy to do business with, whether you are buying services from us or selling to us.

Procurement is a core part of this and will play a major role in helping the Group achieve its £2 billion savings target by 2025 through our modernisation and simplification programme.

As part of this modernisation programme, we plan to set up a new procurement company (or a 'ProcureCo') which will operate as a standalone entity from the rest of the organisation and radically change our existing procurement capability. In addition, we'll be simplifying processes and introducing breakthrough AI-powered digital technology so we'll truly be best in class.

We have today informed our colleagues of this proposed change and I wanted to be in touch with you to ensure you are also aware of these plans.

The ProcureCo will be led by me and based in Dublin, which has established itself as a hub for many 'Big Tech' businesses as well as start-ups.

We have a number of steps to work through internally, including a consultation process with our colleagues, and we will be back in touch with a further update as this process evolves.

For now, there is no change to your dealings with BT. We are working through all the details and please be assured that we will communicate with you to let you know of any specific changes - and with plenty of advance notice.

We are very excited about the prospects of this new ProcureCo and we look forward to our future dealings with you and to strengthening the relationship between your business and BT.

If you have any questions at this point, please do get in touch with me directly. I will gladly answer them as best I can, although please do keep in mind that we won't have all the answers today as we work through the details with our people.

Regards,

Cyril

Cyril Pourrat

Chief Procurement Officer, BT Group

Disclaimer

BT Group plc published this content on 10 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2020 14:40:01 UTC


© Publicnow 2020
All news about BT GROUP PLC
10:08aBT : Standing by the UK's small businesses during turbulent times
PU
09:06aBT : partners with scale-ups on breakthrough green tech
PU
01/25BT : and Digital Boost launch free mentoring programme for UK small busi..
PU
01/21BT : wins a new contract to connect Dutch diplomatic missions around the..
PU
01/20BT : 4 in 5 say job search negatively affected mental wellbeing
PU
01/19BT : adds to ‘Lockdown Learning' support scheme by removing mobile data ..
PU
01/18MARKET CHATTER : Boris Johnson To Discuss Regulatory Reforms With 30 Business Le..
MT
01/18BT : Refutes $813.8 Million Lawsuit For Allegedly Failing To Compensate Overchar..
MT
01/17BT : statement on Class Action claim from Mishcon de Reya
PU
01/17BT : responds to Class Action claim from Mishcon de Reya
PU
More news
Financials
Sales 2021 21 426 M 29 429 M 29 429 M
Net income 2021 1 479 M 2 032 M 2 032 M
Net Debt 2021 18 239 M 25 052 M 25 052 M
P/E ratio 2021 9,01x
Yield 2021 -
Capitalization 13 100 M 17 991 M 17 993 M
EV / Sales 2021 1,46x
EV / Sales 2022 1,49x
Nbr of Employees 105 300
Free-Float 86,2%
Chart BT GROUP PLC
Duration : Period :
BT Group plc Technical Analysis Chart | BT.A | GB0030913577 | MarketScreener
Technical analysis trends BT GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 164,30 GBX
Last Close Price 1,33 GBX
Spread / Highest target 21 763%
Spread / Average Target 12 244%
Spread / Lowest Target 5 535%
EPS Revisions
Managers and Directors
NameTitle
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Jan Petrus du Plessis Chairman
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Howard Watson Chief Technology & Information Officer
Iain C. Conn Senior Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BT GROUP PLC-0.49%17 683
VERIZON COMMUNICATIONS INC.-2.18%241 747
CHARTER COMMUNICATIONS, INC.-1.42%130 353
NIPPON TELEGRAPH AND TELEPHONE CORPORATION3.57%96 966
DEUTSCHE TELEKOM AG-0.23%85 817
SAUDI TELECOM COMPANY5.28%59 453