BT Financial & Performance – Page 5
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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.
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PremiumBT Q1 FY22–23 spend: modernisation makes it mark
Usual cost control and efficiency gains hit the spot for Group spend.
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PremiumBT Q1 FY22–23 guidance: outlook held, numbers stack up
Management remains confident in growth outlook, with initial FY guidance confirmed.
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PremiumBT’s emissions jump 5% in a year
Group pins rise on pandemic ‘rebound’ and fibre build necessities.
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Network & InfrastructureBT CTO targets broadcast revenue from all-IP switch
Howard Watson is eyeing up broadcasters’ distribution spend to help fund network investment as TV goes digital.
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Enterprise (B2B)BT sees public deals erode as IT giants rise
BT sees its share of government telecoms revenue slide as Virgin Media O2 gains ground.
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PremiumBT Q4 FY21–22: Openreach rallies troops for Jansen’s war
Jansen emphasises importance of fast migration to fibre as defence against wholesale rivals, and BT is heavily recruiting to provision new customers.
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PremiumBT Q4 FY21–22: Global remains in transition
Division’s sales and profit continue to slide rapidly. Difficult macro environment blamed, along with digital shift that Global remains in process of getting a handle on. Management reassures over progress on product portfolio revamp.
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PremiumBT Q4 FY21–22: uncertainty hovers over UK B2B
Another downer from Enterprise as growth is slow to materialise.