{"id":135980,"title":"BT expands savings programme after mixed full-year results","publisher":"Share Talk","author":"sharetalk","published":"2026-05-21T08:58:42+00:00","modified":"2026-05-21T08:58:42+00:00","canonical_url":"https://www.share-talk.com/bt-expands-savings-programme-after-mixed-full-year-results/","markdown_url":"https://www.share-talk.com/bt-expands-savings-programme-after-mixed-full-year-results.md","json_url":"https://www.share-talk.com/bt-expands-savings-programme-after-mixed-full-year-results.json","category":"Blogs","categories":["Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["broadband","BT","BT Group","BT Group PLC","BT.A","company","connections","cost-cutting","EE Mobile","ENERGY","Ofcom","Openreach","Philip Jansen","pretax","Prices","Profits","program","Regulator","Share Talk","telecom","telecommunications","telecoms"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/BT-30-JAN-24.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"BT Group delivered a mixed set of annual results on Thursday, with falling revenues offset by stronger profits, improved customer trends and an expanded long-term cost-saving programme.\n\nThe FTSE 100 telecoms group reported a 4% decline in underlying revenue to £19.65 billion for the year ended March, while UK service revenues slipped 1% despite inflation-linked price increases.\n\nPre-tax profit, however, rose 8% to £1.44 billion, supported by ongoing efficiency measures and improving operational performance.\n\nBT said it expects revenues to decline again next year, forecasting turnover of £19 billion to £19.5 billion, while underlying earnings are projected to increase to £8.2 billion to £8.3 billion.\n\nInvestors were encouraged by better-than-expected customer retention figures at Openreach, where total customer losses came in at 825,000 — ahead of analyst expectations for losses of around 844,000.\n\nThe company also announced plans to increase its dividend by a “low to mid single-digit percentage” during the current financial year.\n\nBT further expanded its long-term cost reduction programme, increasing its targeted savings from £3 billion by 2029 to £3.7 billion by 2030 as the group continues restructuring efforts following the completion of much of Openreach’s nationwide fibre upgrade programme.\n\nDespite the positive operational updates, shares in BT fell around 1.5% in early trading as investors focused on the weaker revenue outlook and continued pressure across the UK telecoms sector."}