The new boss of BT has claimed that the telecoms group has reached an “inflection point” in its strategy.
As she presented her first set of full-year results, Allison Kirkby signalled her intention to continue the FTSE 100 company’s sometimes painful turnaround, setting out plans to cut costs still further, to monetise its newly built fibre network, to leave some markets and to focus more heavily on the UK.
The programme, along with news that BT has increased its annual dividend by 3.9 per cent to 8p and expects to more than double its free cashflow to £3 billion by the end of the decade, drove a sharp rise in its share price, which was up by19½p, or 17.1 per cent, to 132½p at the
