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BT sees profits drop 31%, predicts little growth this year
Telecoms giant BT reported a 31% drop in annual profits after taking a £488m impairment of goodwill in the year to 31 March, as it forecast little to no growth in revenues and earnings this year.
BT posts fall in profits, Sage reports first half growth
London open The FTSE 100 is expected to open 22 points higher on Thursday, having closed up 0. 21% on Wednesday at 8,445. 80.
Thursday newspaper round-up: JCB, M&S, smart meters
The British digger maker JCB, owned by the billionaire Bamford family, continued to build and supply equipment for the Russian market months after saying it had stopped exports because of Vladimir Putin’s invasion of Ukraine, the Guardian can reveal. Russian customs records show that JCB, whose owners are major donors to the Conservative party, continued to make new products available for Russian dealers well after 2 March 2022, when the company publicly stated that it had “voluntarily paused exports” to Russia.
US close: Stocks higher following CPI reading
Wall Street stocks closed higher on Wednesday as market participants digested April's all-important consumer price index report.