Company News 

Tough trading at BT pushes shares to new lows

Tough trading at BT pushes shares to new lows

BT’s (BT.A) recent decision to broadcast the Champions League and Uefa finals free online  – matches that cost an estimated £7.6m each – reeks slightly of desperation. And these half-year figures show exactly why the telecoms giant has resorted to an extravagant loss-leader to attract new sports customers – new business attrition. Just 7,000 new TV subscriptions were added in the three months to September 2017, down from 63,000 in the comparable period in 2016, and 106,000 in the year before that.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now