Revenue forecast to miss BT's goal
Sunday 28 October 2012
Investors are bracing for telecoms giant BT to cut its revenue forecasts at its half-year results on Thursday.
Barclays reckons "a worsening macro environment will negatively impact the 50 per cent of BT that is corporate" after Global Services, its international arm, disappointed in the first quarter.
The consensus forecast is for BT's revenues to fall 4.5 per cent to £4.57bn. Analysts at Barclays also warn BT's move into pay-TV sport — it has spent close to £900m on Premier League football and rugby rights — is going to hit cash flow targets. Investors will be anxious to know how YouView, the new internet-enabled TV set-top boxes that allow viewers to access on-demand content, have been selling since being first unveiled in July.
BT's pay-TV strategy has had mixed results, gaining only 700,000 subscribers to BT Vision in six years, but Morgan Stanley is hopeful it can win one million YouView customers by March 2014. "BT faces some bumps near term but these do not affect the medium-term picture," said analysts.
Britain First criticised for using actress's memory to draw attention to their 'hate-filled home page'
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Axe wielding man shot dead after attacking four New York policemen on busy street
- 3 Watch what happened when food critics were unknowingly served McDonald's
- 4 Jimmy Carr's Oscar Pistorius joke goes a bit too far at the Q Awards
- 5 Ottawa shootings: Bruce MacKinnon's cartoon is the perfect tribute to soldier Nathan Cirillo
Renee Zellweger on plastic surgery rumours: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
FCKH8: YouTube reinstates provocative anti-sexism video showing young girls swearing
Axe wielding man shot dead after attacking four New York policemen on busy street
This 'woman calls police to order pizza' story isn't going where you're expecting
Jimmy Carr's Oscar Pistorius joke goes a bit too far at the Q Awards
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...