Feeds

BT disappoints City with Q1 profits

Loads-a-money, but not as much as expected

  • alert
  • submit to reddit

Remote control for virtualized desktops

BT unveiled disappointing first quarter profits yesterday, triggering a drop in its share price as the City reacted to results which were at the bottom end of analyst forecasts. Shares dropped 44p to £10.86 at the close of business as pre-tax profits for the three months to 30 June recorded only a seven per cent improvement to £772 million, compared to the £723 million figure recorded at the same time last year. Negative City sentiment to BT's "lacklustre and unaggressive" ADSL announcement didn't help either. The fall in share price is in sharp contrast to earlier this week when BT's shares rose on the back of news that the company had gained full control of the UK's second largest mobile phone operator, Cellnet. Sir Peter Bonfield, the telecomms giant's chief executive, cited the cost of developing new business, acquiring mobile customers and increased payments to other UK operators in a climate of increased competition as depressing the results. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.