Member Info for IP3LY

There is no harder decision than one that affects our people, but it is the right thing to do if we are to become the business we know we can be. Creating better locations We want to create better working environments and a more collaborative and customer-focused culture across the business. So, over the next five years, we will be identifying and developing around 30 key UK sites that better match our needs. As part of this, we will be looking for a smaller and more modern London HQ and saying goodbye to BT Centre after 34 years. These changes won’t happen overnight, and we will keep you fully up to speed, consulting with you, the Unions and our works councils as our plans develop. Looking ahead The changes we’re sharing today feel bittersweet for me. Over the next few years, we will be saying goodbye to people that have been such an important part of our success and history, while working towards an exciting future. However, BT is a master of reinvention; it has been in our DNA for the last 170 years and it’s one of the things I love most about this company. This is one of those moments of reinvention.

Reported revenue – £23.7 billion, down 1% (growth in consumer businesses offset by declines in our enterprise divisions) Adjusted EBITDA – £7.5 billion, down 2% Capital expenditure (capex) – £3,522m, up 2% Normalised free cash flow – £2.97 billion, up £191 million Proposed full year dividend of 15.4p, unchanged 2018/19 outlook – underlying revenue down c.2%, adjusted EBITDA £7.3bn – £7.4bn, normalised free cash flow of £2.3bn – £2.5bn, capital expenditure c.£3.7bn, dividend unchanged for 2018/19 and 2019/20 It has been a busy year, tough at times, but we are coming out the other side and this is down to you. Thank you. A new plan for the next chapter in our evolution Now it’s time to start the next chapter. Today we are launching a three-year plan that will give us the direction, energy and focus to transform BT into the leader in converged connectivity, brilliantly delivered. We’re calling this plan One BT. The opportunity ahead of us is huge. The pace of change and innovation we’ve seen recently is mind-blowing; data demand is exploding, ultrafast and 5G networks are in the process of becoming a reality, and our customers – both in the UK and across the globe – want more than ever before. No one else is as well placed as we are to take advantage of these trends. By bringing our individual strengths, expertise and knowledge together, as One BT, we will deliver brilliantly for our customers, shareholders and you. No matter what job you do, or where you sit in the business, this plan is for everyone and we all have a role to play in making it a success. Together we will focus on: Delivering differentiated customer experiences Investing in integrated network leadership Transforming our operating model This means that we will place an unshakeable focus on creating a standout customer experience, building the world’s leading integrated network and transforming the way the business works. I’m looking forward to explaining more about our new plan, One BT, at 14:30 (BST), but there are a couple of points I wanted you to hear from me first, before I talk to the media and the City. Changing the shape of our company Over the next two years, we plan to reduce the number of roles in our business by 13,000. As I explained last week we need to reshape our organisation to make it easier to get things done and better serve our customers. These job reductions will be largely focused on senior and middle management roles, and by getting smarter with how BT operates across the Group. At the same time, we plan to recruit an additional 6,000 roles into our customer service, cyber security and engineering teams, reflecting the increased importance of our frontline teams. There is no harder decision than one that affects our people, but it is the right thing to do if we are to become the business

Not a bad move Compass007 as Share price has taken a bit of a minor nose dive at the start of the morning despite results. Wonder what will come as the morning breaks and people start to digest the news.

Q3 pretax profit at $4.6 bln versus $4.7 bln estimates Common equity tier 1 ratio at 14.6 pct at end-Sept CEO says pivot to Asia driving higher returns (Adds comments from CEO, Asia context) HONG KONG, Oct 30 (Reuters) – HSBC Holdings PLC posted a five-fold rise in its pretax profit for the third quarter, as the bank expanded its market share in its key businesses in Asia, and helped by a lower comparative base in the year-ago quarter. HSBC earlier this month chose veteran John Flint as its next chief executive, with its newly arrived chairman promoting an insider to drive revenue growth. Flint will take over as CEO in February next year. The bank's reported pretax profit was $4.6 billion in the September quarter, up from $843 million in the same period a year ago, HSBC said in a stock exchange filing. The profit was roughly in-line with analyst estimates of $4.7 billion. The year-ago profit was significantly impacted by a one-off loss of $1.7 billion from the sale of its Brazilian unit, and adverse foreign currency movements. HSBC has been able to grow its revenue again following a period of wider restructuring after the 2008 global financial crisis, that included scaling back its empire and shifting its focus eastwards. Reported pretax profit for Asia rose 10 percent during the quarter to $4 billion. "Our international network continued to deliver strong growth ... and our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong," HSBC Group Chief Executive Stuart Gulliver said in the statement. HSBC has been able to boost its capital buffer despite rolling out share buybacks, the latest of up to $2 billion in July, and sustaining dividends, showing it is ahead on its turnaround strategy that includes expanding in Asia. The bank makes more than half of its profits in Asia, and its regional pivot is centred around China's Pearl River Delta region with billions in investment commitments and plans to bolster its retail and wealth management business. HSBC's common equity tier 1 ratio – a measure of financial strength – was 14.6 percent at the end of September, slightly lower than 14.7 percent at end-June this year, but in-line with analyst expectations. The ratio is set to increase in the medium term, as the bank repatriates about $8 billion stuck at its U.S. subsidiary, following approval last year from the U.S. Federal Reserve.

They look fantastic - 5 fold rise in pre tax profits and much more copious news...will digout and post. Oct 30 (Reuters) – HSBC Holdings Plc Reported profit before tax for 9m17 of $14.9 bln was $4.3bn or 41% higher than for 9m16 quarter end common equity tier 1 ratio of 14.6% completed 71% of buy-back announced in July 2017, at 26 October 9-Months adjusted profit before tax of $17.4 bln was $1.2 bln or 8% higher than in 9m16 reported revenue for 9m17 of $39.1 bln was $0.2 bln higher Qtrly reported pbt $4,620 million versus $843 mln expect to finish most recent $2bn equity buy-back by end of 2017 Qtrly adjusted pbt $5,443 million versus $5,521 mln

BRIEF – Ashtead posts Q1 pretax profit of 229 mln stg

Aug 31 (Reuters) – British betting company Ladbrokes Coral Group reported a 7 percent rise in first-half operating profits on Thursday which it said was due to strong trading online. The company said operating profit for the six months to June 30 rose to 158.8 million pounds ($205.1 million) from 147.9 million pounds, a year ago. Revenue for the period rose 1 percent to 1.19 billion pounds, while digital revenue surged 17 percent to 374.5 million pounds. The company was formed last year when Ladbrokes joined forces with Coral in a $3.4 billion merger. Sources said last week that online gambling company GVC had recently discussed a takeover of the group but talks ended without a deal. ($1 = 0.7743 pounds)

Commenting on the H1 results, Ladbrokes Coral CEO Jim Mullen said: "Ladbrokes Coral continues to make good operational and financial progress. We entered the year with ambitious targets for the first half to substantially complete the integration of our teams and migrate UK Digital to a single platform. We delivered on both fronts and at the same time kept the business moving forward. It is pleasing to report strong Digital growth, ongoing momentum in Australia, and in spite of adverse sporting results, market share gains in Italy. UK Retail performance is in line with our expectations given the planned commercial decisions on UK racing media rights and Ladbrokes' horse racing margin, both of which will protect the profitability of our shop estate well into the future. The business is now looking to the second half with confidence. The sensible and sustainable agreement on picture rights will underpin an improvement in retail footfall. Following the Digital platform migration, the product pipeline is flowing again with some exciting enhancements arriving in time for the new football season. A new model aimed at optimising our online customer acquisition marketing mix is already driving improved effectiveness, supporting enhanced returns on investment through a focus on higher value customers. Finally, the synergies from our recent merger step-up substantially in the second half to deliver a full year saving of £45m. The business is in good shape and we have come a long way in a short time. The increase in the dividend reflects both the progress made, the opportunities offered by the merger and our confidence in the future."

@Tomcorvid - Thanks for news link. Mr Leskov has one hell of a resume! Let's see if his experience and knowledge of the 700 projects previously worked on rubs off well on here too! GLA!

You may still get that entry point - depends whats on this programme tonight if goes down the pan - we may see some profit taking tomorrow if they get spooked - GL! :)

http://www.propertyindustryeye.com/newsflash-purplebricks-boss-defends-exaggerated-claims-allegation-by-bbc-programme/

Not sure. Doesn't seem to be any news or anything that has shown the drop of this percentage. The prices on LSE are well behind and the trades on here are not reflecting actual time due to lag. Interesting to see it fall this much....perhaps someone or something bad is brewing......DYOR GLA

WOW this is taking a beating today £4 atm!

Ionic - Seems like your short is paying off today! It was only a matter of time! Hope ya recouped any earlier price open short losses!

Hahahah now that would be a blinder lol! £5.15 live price as if this message! Shorters from earlier prices must be kicking themselves to see this past £5 @__@

Woop woop

Flying high day on day - To £5 and beyond! ;) GLA holders!

Looks like mass sell off before World Pay gets delisted from London stock market! Take care if playing this one all! "If the deal goes through, Worldpay shareholders will own about 41 percent of the new company, with the British firm delisted from London's stock market. Vantiv Chief Charles Drucker and Worldpay CEO Philip Jansen will jointly run the new company."

Unsteady fluctations on current live share price for Purp - up 6% at start of bell to down 2% to back in the blue % - GLA holders and toe dippers ;)

If you mean short today - It's recovered slightly now lol only 2% down rather than 8-9% start of the bell! So ya might have saved yourself a few quid today lol! If you mean short from last week - I agree ;)