BT shares soar as British broadband provider targets another £3 billion in cost cuts
Publishing timestamp: 2024-05-16 11:31:32
Summary
BT Group posted revenue of 20.8 billion for the year to March, up slightly from the previous year. The company announced a target of further 3 billion in cost savings, leading to a surge in its shares. CEO Allison Kirkby also raised the 2024 full-year dividend and outlined plans for further transformation and modernization of operations.
Sentiment: POSITIVE
Tickers: BT.A-GB,
Keywords: london, dividends, telecommuting, business news, bt group plc, earnings,
Source: https://www.cnbc.com/2024/05/16/bt-full-year-results-2024.html