BT Group shares jump as it maintains its outlook for the full year

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BT Group shares jump as it maintains its outlook for the full year
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BT Group (BT.A) saw its shares jump by 1.7% to 205.33p (as of 15:28 GMT) after the British telecommunication company announced its interim results.

For the 12-months ended 30th September 2019, pre-tax profits were more-or-less unchanged at £1.33 billion on revenues of £11.47 billion, down by 1% on the comparable period a year earlier. The results were in-line with management expectations. It maintained its dividend payout, at 4.62p, despite uncertainty around its multi-billion-pound investment plan in new fibre lines, to connect all British homes to networks offering “gigabit speeds” by 2025.

The company added that it remains on track to meet its outlook for the full year.

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