Their shares are up on the news, but surely investors have to start asking how long revenues can keep falling while they squeeze the life out of the business to keep profits steady (disclaimer: I'm an ex-employee, so this is not necessarily an objective viewpoint).
BT reported this morning that its sales had fallen 5 per cent for the three months ended 31 December, however earnings and cash generation remained steady, the company added. The national telco's third quarter revenue stood at £4.77bn, while adjusted pre-tax profit for the period was £628m - up 18 per cent compared with a year …
If Openreach are so great
how come they took six weeks to activate my line?
I thought gov had lost the legal case and so the public purse was responsible for at least part of the pension deficit?
...in the event of BT going bust.
That liability only exists if BT goes under - and so the argument is a technical one about whether BT should make insurance provisions to protect the fund for those circumstances - which is quite expensive.