BT profits hit by restructuring
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BT profits fall 30% hit by the costs of its restructuring programme, but it makes 35% of broadband connections.
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LONDON : British mobile telephone giant Vodafone reported a two percent fall in half-year underlying profits as the group added 7.4 million new customers.
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Shares of the worldâs biggest maker of mobile networks fell 24% after announcing a drop in third-quarter profit amid weaker demand for equipment in Europe and the U.S.
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British Airways has said that third-quarter net profits sank 12.0 percent and revealed it would lose 80 million pounds (121 million euros, 157 million dollars) from a cancelled cabin crew strike earlier this week.
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Rumours of a boardroom split at BT Group were given further impetus on Thursday with the announcement that Pierre Danon, the outspoken chief executive of BT Retail, the groupâs consumer-facing
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Thousands of loss-making phone boxes face the axe as mobile phone use soars in the UK, says BT.
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Telecoms equipment maker Nortel Networks sharply revises downwards its profits for the 2003 fiscal year.
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Guidance up BT Retail told the City today that it's making lots more cash than it expected.â¦
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Satellite broadcaster BSkyB has posted a drop in first-half profits owing partly to set-up costs for its new broadband Internet service.
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Telecoms operator BT Group on Thursday said net profits slumped 75 percent during its third quarter, skewed by an exceptional tax gain made the previous fiscal year.
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Small net firms warn they could be hit hard by BT's decision to raise prices for business broadband.
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Cable &amp; Wireless Group PLC swung to a profit in the first half Wednesday and said it would cut 600 jobs in a reorganization in Europe.
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Telephone provider BT Group reported a four-percent rise in second-quarter profit as demand for its broadband services offset a slump in its traditional fixed-line business.
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Ofcom is cutting the price BT can charge its rivals for putting their broadband equipment in its exchanges by up to 60%.
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Richard and Judy also fingered BT's ongoing round of sackings has caused a slump in profits as it counts the cost of offloading middle managers, the national telco said today.â¦
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BT Group says it plans to reduce overheads at its business IT services unit by 400 million pounds annually.
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Business & money: UK life insurer attempts to streamline its business after seeing its profits virtually wiped out last year