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

StockMarketWire.com
BT reported Friday first-quarter adjusted pretax profit rose 3% but revenue fell 2% as regulated price reductions in Openreach and declines in the enterprise businesses offset growth in its consumer business.

The telecom giant also announced that a trial of its 5G service would be launched in October.

For the three months to 30 June, adjusted pretax profit rose 3% to £816m from £791m a year earlier, adjusted revenue fell 2% to £5.72bn compared with £5.84bn this time last year.

The Openreach segment saw adjusted revenue fall 2% to £1.22bn, and the business and public sector fell 4% to £1.09bn offsetting a 2% increase to £2.59bn in the consumer business.

On a reported basis pre-tax profit rose to £704m for the quarter..

Adjusted earnings (EBITDA) increased 1% to £1.8bn and capital expenditures rose to £839m.

The company maintained its 2018/2019 outlook: adjusted underlying revenue is expected to fall about 2%, adjusted earnings (EBITDA) is expected in the range of £7.3bn to £7.4bn and capital expenditure at about £3.7bn. 'We've made a good start to the year. We are making positive progress against our strategy,' said Gavin Patterson, Chief Executive. 'EE continues to maintain its network leadership and will switch on the UK's first live 5G network trial in October.' 'Initiatives to transform our operating model have seen a gross reduction in c.900 roles across the Group and improved cost performance.'

The new chief executive of BT participated in a notorious "wheeze" that was used by sports stars, celebrities and financiers to illegally avoid paying £700m in tax, The Daily Telegraph can reveal. Official records show that Philip Jansen was a member of Ingenious Film Partners 2 LLP for five years between 2006 and 2011. - Telegraph

3rd Qrt update https://www.moneyam.com/action/news/showArticle?id=6190285

The rumour mill working overtime again......

https://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/telecoms/11657862/BT-seen-as-likely-takeover-target-for-Germans.html

Id be surprised if the government would allow it on grounds of national security.

What a shower of a company the sooner a Government gets a grip on these private monopolies the better.

..and Dil your presence is required for comment on the footy thread in particular the last 4 posts.

StockMarketWire.com
BT Group on Thursday maintained its guidance after reporting a 20% rise in pre-tax profits but revenues were held back by regulated price reductions in Openreach and declines in its enterprise businesses.

For the nine months to 31 December, pre-tax profits rose 20% to £2.09bn, revenue fell 1% to £17.6bn and earnings (EBITDA) rose to £5.55bn from £5.42bn.

The company said initiatives to transform its operating model were on track as the restructuring programme removed about 800 jobs in the third quarter.

Reported capital expenditure was up £239m to £2,810m as the company ramped up the roll out of its fibre connections in 14 locations under and had recently announced a further 11 locations, bringing the total to 25.

The net pension deficit grew to £5.0bn from £4.5bn mainly reflecting a fall in the real discount rate and a fall in assets.

CEO Gavin Patterson, who will be replaced by Philip Jansen from 1 February 2019, said the outlook for the full year was unchanged, though expected cost inflation and legacy product declines to weigh on short-term growth.

'Our overall outlook for the full year remains unchanged, with EBITDA around the top end of our guidance for FY 2018/19. We continue to expect regulation, market dynamics, cost inflation and legacy product declines to impact in the short term before being more than offset by improved trading and cost transformation by our 2020/21 financial year.'