BT profits hit by restructuring
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BT profits fall 30%, hit by the costs of its restructuring programme, but boasts strong broadband data.
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J&J gets dragged down by restructuring charges.
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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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Barclays, Britain's third biggest bank, said Tuesday that net profits sank by about 3.0 percent last year owing to the US subprime housing crisis and related global squeeze on credit.
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LONDON Marks &amp; Spencer announced a management shake-up Tuesday that cost six senior executives their jobs, as the company said profit plunged and sales dipped in its home market for the first half of 2004.
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Britain's BT Group Plc posted quarterly core earnings in line with forecasts on good revenue growth on Thursday, and forecast a strong outlook as it accounted for over a third of net broadband market additions.
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BT Group PLC, Britain&#39;s largest phone company, reported a 14 percent increase in second quarter net profit on Thursday, as growth in mobile telecommunications, broadband and IT services outweighed more declines in its traditional residential telecoms
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British telecoms operator BT Group said Thursday that 5,000 jobs would be lost this year, as it announced that net profit slid by nearly a third during its second quarter.
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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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The broadcast companyâs loss stemmed from write-downs, breakup costs and weak advertising sales.
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British telecoms operator BT Group delivered better-than-expected fiscal third-quarter profits after strong demand for its "new wave" products outweighed another decline in its traditional voice business.
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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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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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The electronics giant reports a fall in profits at the same time as rivals Matsushita and Canon see their profits increase.
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Business & money: Â· Buyout firms blamed for collapse of schemesÂ· Labour donor linked to Â£81m of deficits
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BARCLAYS said yesterday it was on course for a profits haul of about Â£4.5 billion this year. But the shares were the biggest faller on the Footsie as the market was disappointed with a flat performance from
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AT&amp;T on Thursday reported a $7.1bn third-quarter loss because of an $11.4bn writedown of its assets after its retreat from consumer services and other restructuring charges.