Prediction: in 12 months the BT share price could be…
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The BT (LSE: BT.A) share price is up 38% in a year. That’s pretty good going for a FTSE 100 company that only recently looked sunk by chronic issues, including spiralling capex, a costly pension scheme, fierce competition, and eye-watering debt.
Chief executive Allison Kirkby has enjoyed a storming start since stepping into the role in February 2024. But when I read the full-year results published on 18 May, I didn’t find them quite as dazzling as recent performance might suggest.
Cash strong, revenue weak
Annual revenues dipped 2% to £20.4bn, below the group’s January forecast of 1%–2% growth from the previous year’s £20.8bn. BT blamed weak international sales and…
