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Morgan Stanley Reduces Stake in BT Group Below 5%
Company Announcements

Morgan Stanley Reduces Stake in BT Group Below 5%

Story Highlights
  • BT Group plc announced a change in major holdings due to Morgan Stanley’s reduced stake.
  • Morgan Stanley now holds 4.98% and applied the trading book exemption, affecting voting rights.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Stay Ahead of the Market:

BT Group plc ( ($GB:BT.A) ) just unveiled an announcement.

BT Group plc issued a notification regarding a change in major holdings, as Morgan Stanley’s total applicable holding fell below the 5% threshold. This shift signifies a reduction in Morgan Stanley’s voting rights influence within BT Group, as it now holds 4.98% and has applied the trading book exemption. This adjustment could affect stakeholder dynamics and market perception of BT Group’s shareholder composition.

More about BT Group plc

BT Group plc is a prominent UK-based telecommunications company, offering a range of services including broadband, mobile and fixed-line telephony, and digital television. The company focuses on providing comprehensive communication solutions and is a key player in the UK telecom industry.

YTD Price Performance: -3.78%

Average Trading Volume: 18,015,981

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £13.56B

See more data about BT.A stock on TipRanks’ Stock Analysis page.

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