Profit upgrade sends TalkTalk soaring
Wednesday 08 February 2012
TalkTalk's shares leapt by 11 per cent yesterday after the company's chief executive, Dido Harding, upgraded profit forecasts.
"We are bullish," said Ms Harding, who has cut costs sooner than expected and is focused on selling higher-value products.
TalkTalk sells voice, mobile and broadband, known as a triple play, and there will soon be quad play as it launches a TV offering. YouView, the internet-enabled set-top box backed by the BBC, ITV, TalkTalk and others, is set to launch in the second quarter of 2012.
Ms Harding will make money from selling "the occasional film or the occasional series" to customers who do not want a premium TV service such as Sky.
"The future of the business is selling triple play and quad play," because when a customer takes more services "you save money and we make more money", said Ms Harding, who is a member of David Cameron's council of business leaders.
Her focus on higher-value customers partly offset a slide of 43,000 broadband subscribers in the past three months.
Turnover fell 5 per cent to £422m against a year earlier.
The shares rose 12.6p to 131.5p.
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered
- 4 Now we know whose fault it is if you end up being murdered in Thailand
- 5 35,000 walrus gather ashore on north-west Alaska beach 'for a rest'
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Car tax disc changes: Five facts you never knew about your (almost obsolete) tax disc
The Aral Sea: Nasa pictures show how what was once the fourth largest lake in the world has become almost completely dry
Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Benefits 'smart cards' plan revealed by Iain Duncan Smith to stop claimants spending welfare money on alcohol
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...