London, Feb 15, 2026, 15:58 GMT — Market closed
- BT.A finished Friday at 210.3 pence, just 0.05% higher for the session.
- Senior managers put their dividends back into BT shares, paying £2.03 apiece, a filing showed.
- Eyes are on Ofcom’s March call on broadband pricing, while BT’s results land May 21.
BT Group plc (BT.A) closed out Friday at 210.3 pence, just 0.1 pence higher—barely a 0.05% gain. The stock trailed behind the FTSE 100’s 0.42% climb. With London markets shut Sunday, BT shares are slated to resume trading Monday.
BT’s Openreach division, which owns the fixed-line infrastructure and leases it out to competitors, is still navigating the crucial transition from fibre construction to actually onboarding customers. How prices are set and how many people sign up are now just as pivotal as laying down the fibre itself.
BT shares wrapped up the week roughly 4% above where they started on Monday, propelled by a steep two-day rally before things settled down going into Friday.
According to a Friday regulatory filing, a handful of top BT executives opted to reinvest their dividends back into company stock, picking up shares at £2.03 each. CEO International Bas Burger bought 2,982 shares. Group general counsel Sabine Chalmers put her reinvestment into 8,156 shares, the filing noted.
BT announced earlier this week that Katie Milligan steps in to lead Openreach starting April 1, with Clive Selley shifting over to BT International. “We’ve got a tried and tested strategy within Openreach, so it’s not going to be revolutionary, but you will see slight changes,” Milligan told Reuters. Reuters
BT chief executive Allison Kirkby echoed those sentiments in the company’s reshuffle statement, describing Openreach as “a critical national asset – the digital backbone of the UK.” BT Group Newsroom
Right now, the big variable is Ofcom. The regulator’s aiming to lock in its broadband rules for 2026 through 2031 by March 2026, crucially deciding how Openreach can set prices for fibre access.
BT is set to report results on May 21, according to its company calendar. Investors are likely to keep a close watch on any updates about cash generation and customer switching, as the company pushes further into the “connections” stage of its fibre rollout. BT
The rollout of fibre hasn’t been straightforward. Openreach is feeling the heat from rivals like CityFibre, while actual adoption hasn’t kept pace with availability—just 42% of customers who could switch to full fibre had done so by late 2025, according to the Guardian.
Looking beyond the company, investors are watching for UK inflation figures set for release Wednesday, Feb 18—a key data point that could shift Bank of England rate bets and influence how the market values dividend-rich telecom shares. The Office for National Statistics has marked Feb. 18 for its inflation update.
BT shares are back in play Monday, with eyes on Ofcom’s March call and BT’s own numbers due in May. The stock’s still hovering near 210p as the week kicks off.
