BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’ Telecoms BT stuck to its cash targets despite another quarter of flat sales and falling profit, as the telecoms giant pointed to growing demand for its fibre network. The FTSE 100 firm held guidance for around £2bn of free cash flow this year after revenue edged little changed to £4.3bn in the first quarter. Pre-tax profit [...]
BT shares dip as Ofcom probes EE and Plusnet data Telecoms Shares in telecoms giant BT Group slid on Wednesday after the regulator Ofcom launched a formal investigation into whether it provided inaccurate or incomplete customer service data through EE and Plusnet. The UK watchdog said it is looking into whether BT complied with legally binding information requests issued in December 2023, under the Communications Act, [...]
BT bets on budget provider amid broadband customer losses Tech BT has lost more broadband customers than expected, a sign that even its £15bn fibre rollout is struggling to retain customers from drifting to cheaper rivals. Openreach, BT’s network arm, reported a net loss of 242,000 broadband lines in the second quarter of its financial year, worse than the 205,000 analysts had pencilled in. The [...]
‘We’re already at peak government inflicted costs’ BT chief warns Chancellor September 24, 2025 The boss of BT has joined a chorus of chief executives urging the Chancellor not to raise the costs of doing business at her forthcoming Budget, warning the telecoms industry was “already at peak government inflicted costs.” In an on-stage interview with City AM at the Connected Britain conference on Wednesday, Allison Kirkby said: “We [...]
BT ups dividend as firm refocuses on the UK May 22, 2025 BT has upped its dividend to shareholders as the telecoms giant reported a rise in profits. The FTSE 100 company has declared a final dividend of 5.76p per share, bringing its full-year dividend to 8.16p, an increase of two per cent on the previous year. The firm’s policy is to at least maintain or increase [...]
Indian billionaire mulls expanding BT stake March 18, 2025 Indian telecoms billionaire Sunil Bharti Mittal is reportedly considering boosting his stake in BT, according to a report in the Financial Times. Mittal already holds a 24.5 per cent stake in BT, which he bought from Luxembourg-based telecoms giant Altice – previously owned by Patrick Drahi. The expanded stake would continue to be held through [...]
BT boss and Ella’s Kitchen founder join new board of trade March 14, 2025 BT chief executive Allison Kirkby and Ella’s Kitchen founder Paul Lindley are among the government’s appointments to the newly revamped board of trade. The Department for Business and Trade (DBT) has unveiled the new expert panel, which will aim to advocate for their sectors and help businesses, including the UK’s small and medium-sized enterprises (SMEs), [...]
Bharti’s BT buy a ‘confidence boost’ for FTSE 100 telecom giant August 12, 2024 Bharti Global’s decision to buy a large stake in BT from debt-laden Altice UK has been hailed as “confidence boosting” for the British telecom giant, according to analysts. BT shares surged over six per cent in early FTSE 100 trading following reports that the Indian telecom firm will acquire a 24.5 per cent stake from [...]
BT shares surge as traders bet giant has turned a corner May 16, 2024 BT Group's profit after tax plummeted 55 per cent after the British telecoms firm wrote down a significant chunk of its business.