BT slashes workforce as Talktalk takeover adds to turnaround challenge

BT slashes workforce as Talktalk takeover adds to turnaround challenge

BT has cut its workforce by 11 per cent as boss Allison Kirkby presses ahead with an overhaul of the telecoms giant, just weeks after rescuing struggling rival Talktalk from administration. The former state monopoly said its workforce, including contractors, had shrunk to 90,000 over the past year, helping deliver £312m in annual savings as [...]

BT Reports Higher Profit After Cutting Costs, Adding Fiber Users

BT Group Plc reported higher profit last quarter after the former UK telecommunications monopoly slashed costs to focus on its core UK market and added more fiber users for high-speed internet service.

BT Group see UK FTTP coverage top 24.1 million premises as broadband line losses slow

The BT Group has published their H1 FY27 results, which saw total revenues of £8,750m (down from £8,837m in H2 FY26) and a decline in Openreach’s broadband lines of -366k (down from -414k). But the network operator also grew their full fibre (FTTP) coverage to 24.1m premises (up by 1.19m vs 2.6m in H2 FY26) and now expect to reach their 25m FTTP target in March 2027 (slight delay from Dec 2026). As usual, we’ll start off with a round-up of the h…

BT Reports Higher First-half Revenue And Profit As Full-year Guidance Reaffirmed

BT Group reports first-half revenue of £8.8bn and adjusted EBITDA of £4.1bn, both up 1%, with reported profit before tax increasing 12% to £1.1bn. The company also confirms its £2bn full-year free cash flow target and increases its interim dividend to 2.50p per share.