BT Financial & Performance – Page 5
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Financial & PerformanceArqit downs satellite tools after hyperscaler deals
UK-based quantum specialist steps back from hardware as software proves superior.
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Strategy & ChangeBT targets overlap with potential Enterprise–Global merger
BT aims to find efficiencies in B2B divisions as part of wider cost savings.
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Network & InfrastructureOpenreach reworks fibre building contracts for better “bang for its buck”
Reports suggest renewed focus on near-term project completion at expense of long-term supplier contracts.
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PremiumBT H1 FY22–23 Headlines: growing in some areas, shrinking in others
The usual Consumer and Openreach positives continue to be offset by B2B challenges.
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PremiumBT H1 FY22–23 Spend: infra ambition not enough to convince investors
No such thing as a free network: investment needed to beat competition.
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PremiumBT H1 FY22–23 Guidance: BT Sport and full fibre make an impact
Pro forma amendments to Group figures but outlook remains rosy.
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PremiumH1 FY22–23: Openreach all about FTTP connections now
Fibre rollout continues at record rate, as focus shifts to customer uptake.
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PremiumBT H1 FY22–23: BT Global still struggling for consistent growth
Revenue and profit down, but BT adamant division is outperforming market in key segments.
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PremiumBT H1 FY22–23: Glimmers of hope at BT Enterprise
Headline numbers remain largely red, but digital transformation gaining momentum.
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PremiumBT H1 FY22–23: Consumer’s charge takes in new territory
Preparations for New EE well underway as division steps into cybersecurity and gaming verticals.
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Financial & PerformanceBT conscious of energy storm, seeks staff benefits
While CFO Lowth flags work with UK government to brace for energy shortages; CEO Jansen reserves subsidies for cost-of-living help.
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PremiumH1 FY22–23: BT “on the front foot” as Jansen battles cost and competitive pressures
Jansen confident of a BT “on the front foot” and bullish on upped cost‑saving measures. Efficiencies making headlines (for management) as Group‑wide programmes bear fruit. Macro influences affecting strategy.
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Public AffairsBT reports 40k broadband user hit from industrial action
Openreach broadband base down 89,000 in Q2, with strikes having significant impact.
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Financial & PerformanceBT to face continued BT Sport losses, despite new JV
New joint venture with Discovery estimated to reduce Group revenue by £300m−£350m for FY22−23, with £500m−£600m cut from future FYs.
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Financial & PerformanceBT brings OnePhone into Division X fold as unit boosts sales
Converged comms business grows in first year under BT Enterprise.
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Public AffairsFormer BT Group chair bashes UK fiscal plan
Sir Michael Rake fears UK economy in “danger”, as pound slumps and UK bond yields shoot up following “unfunded” tax cuts.
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Public AffairsPwC fined for BT Italia fraud case
Auditor handed £1.75m fine for lack of “professional scepticism” relating to BT’s Italian operations.
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Financial & PerformanceBT rocked by Virgin Media loss as MVNO revenue slumps
BT Wholesale’s mobile revenue drops 75% year-on-year after Virgin Media completes Vodafone migration.
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PremiumBT Q1 FY22–23: ‘Green shoots’ emerging from B2B rubble but investors take fright
Positive headline numbers do little to mask atrophy at Enterprise and Global. City investors badly spooked before and after, despite arguably positive tone and maintained forward guidance.
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PremiumBT Q1 FY22–23 headlines: foundations to build on
Revenue growth puts Group in good stead for coming quarters, with macro pressures an inevitable caveat.