BT Shares Hit Eight-Year High on Fibre Demand
BT shares reached an eight-year high after record fibre broadband demand helped drive better-than-expected second-quarter earnings. The company reaffirmed its full-year free cash flow target of two billion pounds.
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BT GROUP PLC shares hit an eight-year high after second-quarter revenue rose 2% to £4.428 billion, driven by record fibre broadband demand. The performance topped consensus expectations, with adjusted core earnings climbing 3% to £2.084 billion. The earnings beat reinforces the carrier's financial stability in the United Kingdom telecommunications market.
