SHARES in BT, which is headed by Scot Ian Livingston, surged 6.5% after the telecoms giant reported a better-than-expected 7% rise in third-quarter pre-tax profit on the back of strong demand for broadband and tight cost control.
SHARES in BT, which is headed by Scot Ian Livingston, surged 6.5% after the telecoms giant reported a better-than-expected 7% rise in third-quarter pre-tax profit on the back of strong demand for broadband and tight cost control.
PROGRESS: BT's chief executive Ian Livingston says the take-up of fibre broadband is growing strongly as the company pushes into TV and sport.
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tim sharp city editor
The rise to a five-year high added £1.3 billion to the com-pany's stock market worth which now stands at £20.9bn.
The update was published a day after BT revealed it had hired Clare Balding as a sports presenter as it seeks to persuade more customers to subscribe to its television products.
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