BT share price: what to expect from its Q1 results
The British telecoms company has seen it share price tumble significantly this year, with it opting to dial back its international operations in favour of focusing on the UK market in a bid to stop its stock falling any lower.
When is BT’s results date?
BT Group will unveil its Q1 results on August 2.
BT’s results preview: what does the City expect?
Since the start of the new year, BT has seen its share price fall more than 20% to 189p a share, down from 240p at the beginning of January.
In fact, the British telecoms company has seen its stock steadily lose more than 62% of its value over the last three and half years, forcing it to take drastic action in a bid to stop it sliding any further.
According to a report by This Is Money, BT’s management has begun offloading ‘everything outside the UK’, with the company putting its entire Latin American business up for sale.
The rationale behind retreating from its operations overseas is to allow the company to focus its attention on its domestic business in the UK market and stop its share price from sliding any further.
Since taking over as CEO in February, Philip Jansen has put several overseas units up for sale, including its operation in Italy, Ireland and Spain.
At the company’s recent annual general meeting (AGM), Jansen said that the capital raised from the sale of its overseas assets will help fund its investment in full-fibre broadband in the UK.
In its annual results, the said it aims to connect more than 15 million households and business with superfast broadband by the mid-2020s.
BT expected to slash dividend to fund fibre expansion
At its AGM, BT hinted that it may cut its dividend, along with other cost-cutting measures, to help finance its superfast fibre broadband expansion in the UK.
Investors will be eager to see if the company announces a reduction in the dividend in its upcoming Q1 results next week, especially with the business embarking on an ambitious turnaround plan to stop its share price sliding further.
The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.
Be ready to act on ECB opportunities
Learn how the ECB’s monetary policy announcements affect interest rates and price stability ahead of its next meeting in September 2020.
- How might the next meeting affect the markets?
- What are the key rate decisions to watch?
- Why is the Governing Council announcement important for traders?
Live prices on most popular markets
You might be interested in…
Find out what charges your trades could incur with our transparent fee structure.
Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.
Stay on top of upcoming market-moving events with our customisable economic calendar.