Once again, financial results from TalkTalk (TALK) have wiped out all the share price progress of the past few months. Management revealed a deep first-half loss and promised a further step up in investment in the second six months of the year. Thus, adjusted cash profits are now expected at the lower end of previous guidance (£270m-£300m), down from £304m in the year to March 2017.
IC TIP:
Hold
at
170p