Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  BT Group    BT.A   GB0030913577

BT GROUP (BT.A)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

BT Group plc : BT Law Ltd To Provide Services to Motor Claims Industry After Being Granted ABS Licence By Solicitors Regulatory Authority

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/04/2013 | 11:28am CEST

DC13-058                                                                                                            March 4, 2013

BT Law Ltd To Provide Services to Motor Claims Industry After Being Granted ABS Licence By Solicitors Regulatory Authority

BT today announced the launch of BT Law Limited, a business that will provide legal services to corporate customers, initially in the motor claims market, having been awarded a licence to operate from industry watchdog the Solicitors Regulatory Authority (SRA).

The SRA has awarded BT an Alternative Business Structure (ABS) licence, effective from March 2013. With the ABS licence, the new business entity, BT Law Limited, will incorporate BT Claims, an already well-regarded name in the motor claims management industry, which handles more than 35,000 corporate fleet vehicles.

BT Law Limited will offer an in-house end-to-end motor claims solution for businesses from incident notification, through investigation and resolution and now including full litigation management.

BT Law Limited plans to grow over the coming years and, based on market demand for further services, will look to expand selectively into additional areas, such as public liability and employment law for corporate customers. The business will work closely with BT Fleet, another subsidiary of BT, which provides fleet management, vehicle maintenance and accident management to corporate customers who operate some of the UK's most mission-critical fleets.

The new business unit will have offices in three locations: London, Bletchley and Sheffield. BT Law Limited will be headed by Miles Jobling, who will become Director of BT Law. Miles Jobling is an experienced solicitor and will continue as the Head of Litigation and Employment Law for the BT Group.

Samantha Barrass, Executive Director at the SRA said: "BT Law is a welcome addition to the Legal Services Market. The SRA has now licensed more than 100 ABSs and this number continues to grow, which means more choice for customers."

Miles Jobling, Director of BT Law Limited said: "The advent of ABS has changed forever the whole landscape of legal services. With our experience and market credibility we had already built a team with significant legal and claims handling expertise. This licence now gives us the perfect platform to take this much further forward and means we can deliver whole new areas of support for our existing clients as well as hopefully developing many new relationships. As we carry the BT name we understand just how important it is to best represent and protect our clients' brands, which will remain as a main component of our service strategy."

The launch of BT Law Limited and granting of an ABS licence follows on from BT's recent acquisition of Tikit, a company that provides technology solutions and services to legal and accountancy firms.

-Ends-

Notes to Editors
Alternative Business Structures are a new form of practice that can provide reserved legal activities to businesses and the public. Compared to a traditional law firm, ABS are more flexible in that lawyers and non-lawyers can share the management and control of businesses; can have external investment and ownership; and can offer multiple services to clients (including legal services) from within the same entity.


distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BT GROUP
04/18TalkTalk saw highest proportion of UK broadband complaints in fourth quarter
RE
04/18BT : Forms new business unit bt enterprise
PU
04/18BT : Forms New Unit to Cover Business, Public Sector and Wholesale Services
DJ
04/18BT : to merge public sector and wholesale units in latest restructuring
RE
04/17BETTER AND SAFER DATA FLOWS FOR AVIA : EUROCONTROL selects BT for NewPENS
AQ
04/09BT : Launches free, fast, secure guest wi-fi for small businesses
AQ
04/05Telefonica, Vodafone, BT, Hutchison Win in UK Mobile Airwaves Auction -Ofcom
DJ
03/28British Regulator Confirms Rules to Boost Broadband Investment
DJ
03/21BT : Launches hunt for more than 1,300 grads and apprentices
AQ
03/19BT : Closes Defined-Benefit Pension Plan
DJ
More news
News from SeekingAlpha
04/22THE NEST EGG PORTFOLIO : OCI Is About To Complete Its Capacity Expansion 
04/18BT PLC : Stay The Course 
04/07DIVIDEND DOGS WITH MORE BITE : How To Hunt For High Yield Large-Cap Shares 
04/06IMF MARCH BUYS : The 20 Stocks Added To My Fund 
03/21BT Group - Growing Dividends And Healthy Bottom Line 
Financials ( GBP)
Sales 2018 23 855 M
EBIT 2018 3 874 M
Net income 2018 2 091 M
Debt 2018 10 777 M
Yield 2018 6,50%
P/E ratio 2018 11,09
P/E ratio 2019 9,49
EV / Sales 2018 1,46x
EV / Sales 2019 1,46x
Capitalization 23 991 M
Chart BT GROUP
Duration : Period :
BT Group Technical Analysis Chart | BT.A | GB0030913577 | 4-Traders
Technical analysis trends BT GROUP
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 3,22  GBP
Spread / Average Target 33%
EPS Revisions
Managers
NameTitle
Gavin E. Patterson Chief Executive Officer & Executive Director
Jan Petrus du Plessis Chairman
Howard Watson Chief Executive Officer-Technology & Operations
Simon Jonathan Lowth Group Chief Financial Officer & Executive Officer
Anthony Frank Elliott Ball Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BT GROUP-11.00%33 580
VERIZON COMMUNICATIONS-9.50%195 407
NIPPON TELEGRAPH AND TELEPHONE CORP-4.14%100 658
DEUTSCHE TELEKOM-5.07%82 165
TELEFONICA1.53%52 623
ORANGE1.97%48 239