BT profits fail to convince analysts

Analysts remain unconvinced that shares in BT Group, which jumped 7 per cent last week after the British telecoms giant reported fourth-quarter net profits of stg£435 million (€633 million), will continue to rise in the long term.

21st May, 2005

Analysts remain unconvinced that shares in BT Group, which jumped 7 per cent last week after the British telecoms giant reported fourth-quarter net profits of stg£435 million (€633 million), will continue to rise in the long term.

BT, which employs 930 people in the Republic and 2,700 in the North, faces increased competition in the British fixed-line phone market.

The company's shares jumped to 212 pence last week on the results announcement and are now trading near...

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