The Share Centre investment research analyst Helal Miah agreed that BT’s challenges were “reflected somewhat” in its full year results, but said there was a silver lining.
“While the news headlines and share price performance have not been great lately, and management’s outlook for the current financial year is for flat underlying revenue growth, there are areas of the business to be pleased with, offering investors plenty of hope for the future.” he said.
“The consumer related businesses are doing well, as customers continue to take up broadband, TV and mobile services. Whilst management have raised the final dividend by 10%, albeit at the same time suggesting that the progressive dividend policy will see a slower growth rate.”
