Mexican billionaire Carlos Slim takes 3.2% stake in BT Group

13th Jun 2024 07:33

(Sharecast News) - Mexican billionaire Carlos Slim has taken a 3.2% stake in BT Group.

According to a regulatory filing late on Wednesday, the stake - worth around £400m - was taken by Slim's family business Inbursa.

A BT spokesman told the Telegraph: "We welcome any investor who recognises the long-term value of our business.

"We have frequent communication with all of our shareholders and meet with major investors on a regular basis. We look forward to engaging with Inbursa, just as we do with all investors."

At 1215 BST, the shares were up 2.6% at 132.79p.

Russ Mould, investment director at AJ Bell, said: "This could be taken as an endorsement of recently appointed chief executive Allison Kirkby's new strategy for the group."

Top Risers

Share	Price	Change
Armadale Capital (ACP)	0.10	66.67%
Petrel Resources (PET)	0.90	28.57%
Hornby (HRN)	21.50	16.22%
Helium One (HE1)	1.005	16.09%
Microsalt (SALT)	82.50	13.79%

Top Fallers

Share	Price	Change
Hummingbird Resources (HUM)	2.10	-64.17%
Wood Group (J) (WG.)	49.84	-60%
Fadel Partners (FADL)	60.00	-44.19%
Electric Guitar (ELEG)	0.425	-37.04%
Aferian (AFRN)	4.75	-26.92%

Top By Volume

Share	Price	Volume
Nativo Resources (NTVO)	0.0025	985,333,902
Tower Resources (TRP)	0.029	715,326,770
Mosman Oil Gas (MSMN)	0.0375	376,180,230
Helium One (HE1)	1.005	312,943,238
Cap-xx (CPX)	0.135	160,694,067

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.