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Pin to quick picksBT Share News (BT.A)

Share Price Information for BT (BT.A)

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Share Price: 128.00
Bid: 117.00
Ask: 134.00
Change: 0.00 (0.00%)
Spread: 17.00 (14.53%)
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Prev. Close: 128.00
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BT beats profit forecasts for first quarter and confirms outlook

Thu, 28th Jul 2016 08:05

(ShareCast News) - BT got off to an encouraging start to its financial year, with profits beating market expectations helped by a healthy contribution from the continuing integration of mobile arm EE since January's acquisition.On revenue up 35% to £5.78bn in the three months to 30 June, earnings before interest, tax, depreciation and amortisation (EBITDA) rose 25% to £1.82bn, ahead of the consensus analyst estimates of £1.78bn.Adjusted pre-tax profit of £802m was up 16% on the same period last year and also beat the £729m City consensus, with earnings per share down 1% to 6.6p."We've made a good start to the year," said chief executive Gavin Patterson, "with growth in revenue and strong cash flow. We're on track to deliver our full year outlook."He said the integration of EE was "progressing well", contributing £1.2bn revenue, £281m EBITDA and £187m of free cash flow out of the £448m total.With BT's fibre broadband is available to more than 25m premises and take-up remained good, with 79% share of broadband net additions at a retail level.BT Sport, which is available to EE pay monthly customers and may be behind the record low EE churn in the quarter, renewed its FA Cup rights during the quarter and will also be showing more games from the Premier League at a much better time slot, as it kicks off in just two weeks, with exclusive coverage of the Champions League and Europa League for another season."Our investment plans remain central to our future and so we will be rolling out further fibre in the coming months, as well as 4G through the Emergency Services Network contract," Patterson said. "Our aim is to make these services as universally available as we can, whilst also deploying a new generation of ultrafast broadband."
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21 May 2024 10:00

LONDON BROKER RATINGS: UBS lifts Schroders; Barclays likes Wise

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

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20 May 2024 13:16

IN BRIEF: BT Non-Executive Tushar Morzaria buys GBP70,000 in shares

BT Group PLC - London-based telecommunications provider - Non-Executive Director Tushar Morzaria buys 53,270 shares at GBP1.33 each, worth GBP70,849, in London on Monday.

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20 May 2024 10:33

BT delays new digital network switchover timetable

(Alliance News) - BT has significantly delayed its timetable to force all customers on to the new digital network following long-running concerns about vulnerable customers who rely on landline-based personal alarms.

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17 May 2024 15:52

London close: Stocks recoup some earlier losses

(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.

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17 May 2024 09:06

LONDON BROKER RATINGS: Jefferies says buy Tritax Big Box post merger

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

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16 May 2024 17:33

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

BT Group up after CEO aims for more than double free cash flow

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16 May 2024 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher following Wednesday's softer US inflation data.

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16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

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16 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 dragged down by Sage Group and easyJet

(Alliance News) - Stock prices in London were lower at midday Thursday, with Wednesday's Wall Street session failing to shine in Europe.

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16 May 2024 09:12

LONDON MARKET OPEN: FTSE 100 in red as easyJet and Sage Group fall

(Alliance News) - Stock prices in London opened lower on Thursday, ignoring the rally over on Wall Street on Wednesday.

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16 May 2024 09:06

TOP NEWS: BT to consider options for global operations amid UK focus

(Alliance News) - BT Group PLC on Thursday lifted its dividend as it forecast significantly improved cash flow in the coming years now that peak investment in its full-fibre roll-out has passed.

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16 May 2024 07:45

LONDON BRIEFING: BT ups dividend; easyJet loss narrows

(Alliance News) - Stocks in London are called to open slightly lower on Thursday, shaking off New York's record performance.

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16 May 2024 07:10

BT sees profits drop 31%, predicts little growth this year

(Sharecast News) - Telecoms giant BT saw shares pop on Thursday despite reporting a 31% drop in annual profits in the year to 31 March, as the company laid out plans to save £3bn of costs a year by the end of the decade.

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15 May 2024 12:14

Thursday preview: Philly Fed index, BT Group in the spotlight

(Sharecast News) - Investors' focus on Thursday will be on a raft of economic reports due out in the States.

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9 May 2024 15:51

UK earnings, trading statements calendar - next 7 days

Friday 10 May 
CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
Monday 13 May 
Burford Capital LtdQ1 Results
Caledonia Mining Corp PLCQ1 Results
Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
HgCapital Trust PLCQ1 Results
Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
Wednesday 15 May 
Britvic PLCHalf Year Results
Burberry Group PLCFull Year Results
Compass Group PLCHalf Year Results
Creo Medical Group PLCFull Year Results
Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Marshalls PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Titon Holdings PLCHalf Year Results
TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
BT Group PLCFull Year Results
Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Restore PLCTrading Statement
Sage Group PLCHalf Year Results
Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
Tyman PLCTrading Statement
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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