Telecom giant blames 18% fall in profits on need for extra savings after £200m hike in energy bill and soaring inflation
BT has warned of more job cuts after it was forced to find more than £500m in additional savings due to soaring inflation and energy bills.
The company, which reported an 18% slump in pretax profits from just over £1bn to £831m year-on-year in the six months to the end of September, said its energy bill will be £200m higher this year.
Telecom giant blames 18% fall in profits on need for extra savings after £200m hike in energy bill and soaring inflationBT has warned of more job cuts after it was forced to find more than £500m in additional savings due to soaring inflation and energy bills.The company, which reported an 18% slump in pretax profits from just over £1bn to £831m year-on-year in the six months to the end of September, said its energy bill will be £200m higher this year. Continue reading…
