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BT Group PLC, Britain's largest telecoms company, on Thursday reported a 33 percent drop in first-quarter profits amid tough competition and falling prices for Internet connections. But company shares rose as BT reported progress cutting costs and said it would deliver more promised reductions.
Telecoms company BT Group PLC is offering staff a year off work in return for a 75 percent cut in that year's pay.
Telecommunications company BT Group PLC said Thursday it expects to cut another 15,000 jobs in the next year after its Global Services division dragged the company to a fourth quarter loss of nearly 1 billion pounds.
Shares in BT Group PLC fell Thursday after the company's downbeat report on its Global Services division, a provider of communication services for companies and government agencies.
BT Group PLC, Britain's largest phone company, on Thursday reported quarterly earnings rose 18 percent but said it would slash 6,000 more jobs by March to keep costs down and maintain its profits.
Shares in BT Group PLC plunged 26 percent Friday after the company said second quarter profits would fail to meet forecasts due to poor performance at a unit which offers services to multinational companies.
BT Group PLC, Britain's biggest telecommunications company, reported a 6.2 percent decline Thursday in its fourth quarter profit, as costs rose and it lost some wholesale customers to broadband services.
During 2007, 212 million electronic equity trades, with a combined value of £3.2 trillion (€4.7 trillion), were carried out on the cash markets of Borsa Italiana and the London Stock Exchange.
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