Future Of British Business
BT Earnings Rise in Third Quarter as New CEO Kirkby Takes Reins
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BT Group Plc earnings rose in the third fiscal quarter, in line with expectations, offering momentum to incoming Chief Executive Officer Allison Kirkby as she seeks to establish stable growth after years of turmoil.
Adjusted earnings before interest, taxes, depreciation and amortization rose 1% to £2.03 billion ($2.6 billion) in the quarter ending in December, the company said in a statement Thursday. That compares to the £2.02 billion average estimate by analysts in a Bloomberg survey.