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Ad group WPP names former BT boss Jansen as new chair

WPP has today named former BT chief Philip Jansen as its new chair, succeeding Roberto Quarta at the world's largest advertising company.

Business • 30 Jul 24

Rentolil's FTSE 100-listed shares have lost nearly a third of their value from an all-time high in June last year

Rentokil's shares up on report of ex-BT boss deal

Rentokil Initial's shares soared 12% today after a media report said that former BT Group boss Philip Jansen was working on a private equity-backed takeover bid for the British pest control firm.

Business • 22 Jul 24

BT maintains 2024 outlook after Q2 core profit beat

BT Group, the UK's biggest broadband and mobile provider, posted a second quarter earnings beat and forecast annual cash flow at the top end of a range, lifting its shares in a parting boost for outgoing CEO Philip Jansen.

Business • 02 Nov 23

BT Group has today named Allison Kirkby as its new CEO

BT appoints Telia boss Kirkby as its new CEO

BT Group has today appointed Allison Kirkby, a board member and the boss of Sweden's Telia Company, as its next chief executive.

Business • 31 Jul 23

BT's CEO Philip Jansen is due to step down within the next year

BT CEO Jansen plans to step down over the next year

BT chief executive Philip Jansen will step down within the next year, having set plans in motion for Britain's biggest telecoms provider to cut jobs, become leaner and complete the roll-out of a national fibre network.

Business • 10 Jul 23

BT has been working through a transformation plan to build a national fibre network under boss Philip Jansen

BT plans to cut up to 55,000 jobs by 2030

BT Group will cut up to 55,000 jobs including contractors by 2030 - potentially over 40% of its workforce as it completes its fibre roll-out and adapts to new technologies such as AI.

Business • 18 May 23

BT said the new unit would be formed by putting together its Global and Enterprise divisions

BT combines two units in £100m cost savings drive

BT said today it planned to set up a new unit for corporate customers by combining two existing businesses in a move which it says could save the firm at least £100m by the end of 2025.

Business • 16 Dec 22

BT reported adjusted revenue of £5.477 billion and core earnings of £1.882 billion for the three months to the end of December

BT reports 5% drop in Q3 earnings and revenue

BT said it remained on track for the year after reporting a 5% drop in both adjusted revenue and core earnings for its third quarter, a fall it mainly put down to the impact of Covid-19.

Business • 04 Feb 21

BT has reported an 8% drop in revenue to £10.59 billion

BT nudges up earnings guidance after challenging H1

BT, Britain's biggest fixed-line and mobile operator, said it had delivered a strong operational performance in the first half given the challenges of Covid-19 as it raised the lower limit of its earnings guidance for the year.

Business • 29 Oct 20

CEO Philip Jansen said BT delivered a strong operating performance in the quarter

BT's Q1 revenue and earnings fall 7% on Covid-19 impact

BT, Britain's biggest broadband and mobile operator, today reported a 7% drop in both revenue and core earnings in its first quarter after the Covid-19 pandemic impacted its BT Sport television revenue and reduced demand from business customers.

Business • 31 Jul 20

BT pulls dividend until 2021/22 due to coronavirus

BT has suspended its dividend and said it would spend billions more on faster fibre broadband connections, as it prepares to meet the challenge posed by the merger of two of its biggest rivals.

Business • 07 May 20

BT's chief executive Philip Jansen said he would donate his salary for at least the next six months

BT won't cut jobs and will maintain pay during crisis

The head of telecoms giant BT said he would donate his salary to health workers for at least six months and award a pay rise to his frontline staff who are maintaining broadband networks during the Covid-19 shutdown.

Business • 06 Apr 20