Business Bt On the Right Line As Broadband Proves a Hit

Summary


BT surprised the market today with a rise in second-quarter profits and a 22% jump in the interim dividend.

City analysts had mainly been forecasting a modest fall in profits as BT's traditional fixed-line market is whittled away by rival operators, new technologies and mobile phones.

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Extract


Business Bt On the Right Line As Broadband Proves a Hit

Turnover from traditional consumer services declined 8%, just as it had in the first quarter.

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