If Bt has bought back 2million 5 thousand shares to day. How come it shows on trades as a sell?

3rd Quarter Results.

Ian Livingston, Chief Executive, commenting on the results, said:

"We have delivered another quarter of growth in profits and cash flow despite the economic headwinds.

"Our investment to support our customers and improve our services has resulted in new contract wins around the world, with orders so far this year up over 50% in Asia Pacific and Latin America. In the UK, our fibre roll-out has accelerated bringing super-fast broadband within reach of over 7m homes and businesses and we remain the number one broadband retailer with over 6m customers. Our fixed-line base has now grown for the last five quarters and our active consumer line loss is at its lowest for five years.

"We expect to achieve our 2013 EBITDA(1) target of above GBP6bn a year early and to deliver free cash flow(2) of around GBP2.4bn this year."

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Yes - I'm sure they won't be the last this reporting season.

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They are probably concentrating here :-

"We expect to achieve our 2013 EBITDA(1) target of above GBP6bn a year early and to deliver free cash flow(2) of around GBP2.4bn this year."

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BT building momentum, says Nomura


LONDON (SHARECAST) - Nomura has maintained its buy rating on BT, saying that the telecom titan's trading momentum is building nicely for 2012.

BT reported this morning that revenue totalled £4,774m in the third quarter, down 5% on last year, while earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 3% to £1,524m. Nomura notes that revenue was 0.2% below consensus, however, with strong cost reduction in Retail and operational momentum in Openreach, EBITDA surpassed forecasts by 1.6%. Earnings per share and free cash flow were 5% ahead of consensus, the broker added.

BT now expects to achieve its EBITDA target of above £6,000m this year, rather than in 2013.

"With consensus already sitting at £6.01bn for FY 12, we expect marginal upgrades to at least reflect the robust trading performance," the broker said.

Nomura kept its target price of 285p.

The price came within a gnats tadger of my limit sell towards the close - I'm unsure as to where this is going now - weekend press may well hold sway for a few PIs.

pensions are paid out over decades ....don't panic Captain M....

BT profits jump on surge in superfast broadband demand

BT has unveiled plans for a new high-speed broadband package available in remote parts of the country, as its profits jumped by nearly half in the third quarter thanks to demand for superfast internet access.

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12+ month high today.

Hoping for mid 230's ?

Goldman Sachs retains its Buy TP upped from 248.00 to 300.00

BT and Talk Talk lose file-sharing appeal

BT and Talk Talk have lost an appeal over controversial measures to tackle copyright infringement online.

The internet service providers (ISPs) had argued the UK's Digital Economy Act was incompatible with EU law.

The Act will mean ISPs will have to send warning letters to alleged illegal file downloaders, as well as potentially cutting users off.

The creative industry argues that piracy costs £400m a year in lost revenue.