BT chief exec ups cost-cutting plan amid rising inflation

BT Group is looking to wrench out higher savings amid rising inflation in the relentless pursuit of improved profits.

Britain’s former state-owned telecommunication biz today outlined results for the six months ended September 30, with revenue up 1 percent year-on-year to £10.4 billion ($11.6 billion) due to growth in Consumer and Openreach. Operating profit for the half-year was up 58 percent to £594 million ($666 million).

Source: BT chief exec ups cost-cutting plan amid rising inflation

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