KCOM Share News (KCOM)

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KCom trading in line with expectations

Tue, 25th Mar 2014 07:42

- Trading in line - Chairman Bill Halbert to start role as Chief Executive- Brings down pension deficitTelecoms and internet communications provider Kcom Group said trading since its last update remains in line with expectations. The FTSE-250 group, which caters to enterprise and public sector organisations across the UK, reaffirmed its trading position ahead of its preliminary results announcement for the year ending March 31st 2014.In 2013 the telephone and broadband services provider won a string of contracts with organisations including Humberside Fire and Rescue, Network Rail and Victoria Plumb. KCom, formerly known as Kingston Communications, will see Bill Halbert, currently Executive Chairman, assume the role of Chief Executive starting April 1st.The group also said it has reached an agreement to provide a further £16.0m funding for its pension scheme deficit.CJ

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Sector movers: Fixed-line telecoms fall as broker downgrades hit BT, Talktalk

Fixed-line telecom stocks were the worst performers in London on Friday as broker downgrades weighed on heavyweight constituents BT Group and Talktalk. BT, by far the largest stock in the sector with a market capitalisation of nearly £31bn, was 2.4% lower at 367.6p in afternoon trade after Morgan St

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