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Top related persons:
Philip Jansen - 1 Jansen - 1 Hargreaves - 1 Matt Britzman - 1 Allison Kirkby - 1 Sweden's - 1
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London
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BT - 1 BT Group Plc - 1 BT Group - 1

Search resuls for: "BT Group Plc"


2 mentions found


☆ BT rises after quarterly earnings beat forecasts
  + stars: | 2023-11-02 | by ( ) www.cnbc.com   time to read: +1 min
A BT Group Plc logo on a EE/BT Group Plc store in London, UK, on Wednesday, May 17, 2023. BT Group, Britain's biggest broadband and mobile provider, posted a second quarter earnings beat and forecast annual cash flow at the top end of a range, lifting its shares in a parting boost for outgoing CEO Philip Jansen. Shares in BT jumped 5% in early deals, good news for Jansen who is due to step down early next year and has long said he has been disappointed by the group's stock performance. Her job will be to complete Jansen's multi-billion pound push into fibre networks and extending 5G networks, the cost of which has hit free cash flow and weighed on the share price. For the three months to the end of September, BT posted a 3% rise in adjusted core profit (EBITDA) to 2.06 billion pounds ($2.51 billion) beating the 2.03 billion pounds consensus forecast.
Persons: Philip Jansen, Jansen, Hargreaves, Matt Britzman, Allison Kirkby, Sweden's Organizations: BT, BT Group Plc, BT Group Locations: London
☆ UK equities rise on upbeat global mood, BT Group tumbles on weak cash flow
  + stars: | 2023-05-18 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
"There's clearly a lack of real strategy and it's not enough to just say we're going to cut costs. Vodafone Group Plc (VOD.L) earlier this week said it would cut 11,000 jobs globally over three years after it warned that a poor performance in its biggest market Germany would hit cash flow. The blue-chip FTSE 100 (.FTSE) rose 0.6%, reflecting an upbeat mood in global markets on hopes that Washington is edging closer to a deal to raise the U.S. debt ceiling and avert a default. Among other movers, luxury group Burberry Group Plc (BRBY.L) fell 6.2% as continued weakness in the United States overshadowed a stronger-than-expected fourth quarter sales driven by a rebound in China. EasyJet Plc rose 1% after the airline posted a first-half loss in line with its guidance.
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