Broadband demand boosts BT profit
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New areas such as broadband internet connections help BT offset a further slump in its traditional business.
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Broadband will be as widely available as analogue TV by the middle of next year, according to BT. BT has struggled to extend the reach of broadband to certain areas of the country because until now 512Kbps ADSL connections would not work ...
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The price of shares in BSkyB surged here on Wednesday after the British satellite broadcaster revealed impressive fourth-quarter subscriber growth, dealers said.
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Top telecommunications service provider AT&T Inc.  on Tuesday said its profit and revenue grew on an adjusted basis, helped by strong growth in its wireless business.
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Broadband gets faster in the UK but some customers are not reaching speeds that firms advertised.
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BSkyB reports a rise in first quarter profits and sales but there is further evidence that subscriber growth is slowing down.
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HBOS , Britain's biggest  mortgage lender, said profits are on track to rise 4 percent  this year but it will take a 180 million pound ($367.7 million)  hit on the value of assets due to the credit crunch, which will  also hurt margins.
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THE pounds 370m sale of AOL's UK internet access business to Carphone Warehouse in December has helped lift profits at US media giant Time Warner.
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BT moved to bolster its position in the global market for providing communications services to multinational corporations yesterday with the $965m (Â£376m) acquisition of loss-making California telecoms group Infonet.
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The company posted first-quarter net income of $949 million, fueled by strong demand from telecommunications customers and a tax benefit.
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British Airways said Monday that second quarter operating profits rose 23 percent on tighter costs and higher passenger numbers as long-haul travel recovers.
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Britain's BT Group Plc  posted third-quarter core earnings in line with forecasts on Thursday and issued a strong outlook as it reported better-than-expected retail broadband additions.
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British Airways Plc, Europe&#39;s second- largest airline, said second-quarter profit gained 26 percent after the carrier cut jobs and travel demand rose.
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Luxury home builder Toll Brothers Inc. reported Wednesday that strong demand pushed third-quarter profits well above Wall Street expectations.
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UK telecom giant BT announced its best-ever quarter in terms of wholesale broadband connections. In the three months to Sept. 30, the carrier had more than 600,000 new connections.
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BT is lifting distance limits on broadband enabled exchanges, so that 1m more can get high-speed net.
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British pay-TV company BSkyB said its first-quarter profit climbed as its closely-watched subscriber growth figures surpassed analyst expectations.