The hundreds of thousands of retail investors who own shares in BT have had a decent year so far, with the stock shooting up from a low of around 105p in April by more than 40 per cent to 148p. The market has lapped up the telecom group’s plans to slim down, cut costs and keep ramping up its dividend. So is it time to revisit the shares in this former state monopoly? BT makes most of its money from its infrastructure arm Openreach and the EE mobile network, which resides in its consumer division. Together these two businesses made up more than 80 per cent of the group’s total £2.2 billion operating profit in its financial year ended in March.

Source: The Times November 22, 2024 07:37 UTC