BT Group shares rise despite 10% profits decline

  • BT Group PLC (LSE:BT.A) shares rose 3.5% after the telecoms group reaffirmed its full-year and mid-term financial guidance, despite profit falling 10% and Openreach broadband lines falling. The FTSE 100 group reported revenue of £4.9 billion for the quarter to 30 June, down 3% year-on-year due to weaker mobile handset sales and continued "challenging" international trading.