BT Financial & Performance – Page 2
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Financial & Performance
Q1 FY23–24: BT boasts revenue boost as price hikes pay off
Revenue up across every division, EBITDA follows suit in all but Business.
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Products & Services
TNT goes live as BT Sport era comes to close
Rebranded BT Sport replacement goes live across the UK and Republic of Ireland today.
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Financial & Performance
BT Business boosted as Consumer made to pay its way
Reallocation of costs one month after FY22–23 announcement sees Consumer profitability and cash flow contribution slimmed down as Enterprise sees improvements.
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Strategy & Change
BT pension remains a block on Openreach spin-out potential
As BT and pension trustees continue with deficit-clearing plans, any activity that threatens disruption to progress could be vetoed.
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BT FY22–23: drive for connections leaves fibre build by the wayside
Openreach presents ever‑positive results but with some targets missed as attention shift pushes out build momentum in favour of fibre uptake.
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BT FY22–23: BT buys time with merger as B2B troubles linger
Global and Enterprise go out with a whimper, as Jansen stresses merger cost savings will provide breathing space for BT to refocus in the B2B sector.
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BT FY22–23: next-gen expectations are high but Consumer treads water
BT heralds decent operational performance despite competitive market.
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BT FY22-23 Spend: investment increases, efficiencies found
Sports JV helps bring costs down as Group transformation programmes seeks out more savings.
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BT FY22-23 Guidance: sit tight for another few years
Jansen asks investors for patience as slow turnaround expected to bear fruit in coming FYs.
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BT FY22-23 Headlines: good, bad, and plenty in between
Group relies on pro forma figures to find positives.
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BT FY22–23: some done, much more to do as BT looks to the future
BT’s year ends with a positive Q4 but leaves some targets missed.
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Strategy & Change
Drahi builds BT bet as stake nears 25%
French billionaire ups BT holding via Altice UK vehicle but shushes takeover talk.
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BT barely bruised as up to a million disconnect broadband
Citizens Advice data shows swathes of households dropping broadband amid cost-of-living challenge, but BT metrics hold firm.
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Financial & Performance
BT FY22–23: tough talk on jobs hides slow progress and postponed ambitions
Group CEO Philip Jansen sets sights on end-of-decade transformation as BT gets lean, builds on network strengths.
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Elsewhere in BT Business: BT ties with UN for Ukraine support
BT ties with UN for Ukraine support.
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BT welcomes “bold” Spring Budget but altnets left wanting more
Openreach’s fibre rollout plans will benefit from new tax policy, but altnets want more regulatory reform to protect investment.
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BT’s buying rethink adds to arsenal for inflation fight
Work of new procurement finance team at BT said to have provided an important buffer against the impact of escalating inflation.
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Elsewhere in BT Group: BT launches tender offers worth £2.18bn
BT launches tender offers worth £2.18bn following disappointing results
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BT Q3 FY22–23 headlines: big picture positives, details remain devilish
Q3 seen to support BT’s upward trend, building towards an overall good FY defined by major strategic moves.
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BT Q3 FY22–23 spend: work ‘unwind’ means FY will come good
Heavy 9M spend set to be levelled out by drop‑off in Q4