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Monday 01 November 2021 10:54 am  |  Updated:  Monday 01 November 2021 12:02 pm

BT hits cost savings target 18 months early

By: Leah Montebello

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BT said this morning it had delivered on its cost saving programme 18 months ahead of a March 2023 target, driving its shares up 6%.

“Further to weekend press speculation, BT confirms that it has delivered on its £1bn of gross annualised cost savings 18 months ahead of the March 2023 target,” it said.

More to follow

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BT boss bags pay rise despite £3.7bn cost-cutting drive

BT's first female boss Allison Kirkby has a strong CV but the telecoms veteran has a tough job ahead of her.

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