Results Round Up
Telecoms giant BT saw fourth quarter revenue rise 2% with new-wave revenues representing 42%.
Fourth quarter revenue rose to £5.4bn from £5.29bn before, though pre-tax profit fell 11% to £595m. New wave revenues, from broadband and corporate IT contracts, rose 9% at £2.3bn.
"Our continued focus on driving efficiencies across the group is expected to generate further gross cost savings of some £700m which will contribute towards growth in EBITDA before specific items and leaver costs," it said.
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Full year profits rose more than expected at brewing giant SABMiller as the Miller Lite and Peroni firm battled a "substantial" rise in input costs.
Profit before tax for the 12 months to 31 March 2008 rose 16% to $3.26bn on revenue up 15% to $21.41bn, said the firm that bought Dutch brewer Grolsch in February for €816m.
