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Markets Now – Tuesday 28th July 2020

Summary:
“Eh, eh, eh, eh, eh, eh, eh, eh, eh, eh,” sings Lady Gaga in Telephone, which is a song all about how she ignores telephones. Investors have also been ignoring telephones: TalkTalk shares are down 36 per cent in the year to date and those of BT are off more than 43 per cent. As of this morning, however, shareholders of both companies have reasons not to say “Eh, eh, eh, eh, eh, eh, eh, eh, eh, eh.” For TalkTalk there’s a report on Sky News that the company rejected a takeover offer more than a year ago from key shareholder Toscafund. For BT there’s an unusual level of interest in advance of a Q1 update due Friday. Barclays turns positive-ish ahead of BT’s update:Openreach has indicated plans to build FTTP to 20m homes over the next 5-10 years. The challenges are to firstly secure

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“Eh, eh, eh, eh, eh, eh, eh, eh, eh, eh,” sings Lady Gaga in Telephone, which is a...

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