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The Italian Job Again

No Minis No Gold Bars This Time Just Hard Cash  - My Cash!!

When share prices go up or down, I don't normally rush to make a calculation so I didn't when the BT price crashed when news of the Italian Fraud broke. I have a fairly modest holding of BT shares mainly from the Co. Sharesave scheme in which we were encouraged to participate. Anyway I just did the calculation Shock! Horror! I'm down £9567. I repeat £9567 who said Company fraud is Victimless? And Mr Patterson is still in post as CEO, I voted against his re-election but he was saved at the AGM by Michael Rake who as chairman, also presided over the period of the fraud. There is a small consolation that the value of their millions of free shares have also took the hit!      Posted 25 July 17

 

BT is to bring its Indian Call Centres back home from India In a bid to improve its appalling customer service record. he telecoms giant is reversing a decision made in 2003 that was part of a wider trend by British Business to export call centres and tens of thousands of jobs. The 'U' turn means more than 80% of BT customer service will be answered in the UK by the end of 2016 and it intends to go further. It has created more than 1,000 new jobs to meet this target and plans to create hundreds more over the next year.  See Full report       Source Daily mail !9 September 2015

BT Board of Directors
Chairman:             Michael Rake
CEO:                    Gavin Patterson        gavin.e.patterson@bt.com
Group Finance:    Tony Chanmugam
Co. Secretary:      Dan Fitz

 

BT News

 

Extract from CEO Report 2015


“We will continue to deliver on our investments and improve the service we provide to our customers. This year we recruited 2,500 new engineers and more than 500 new agents into our UK contact centres, with over 500 new apprentices across the group. Each of our customer-facing lines of business made improvements in service this year. We have increased the speed of service delivery, repaired faults faster and fixed more customer issues first time. But we recognise we’re not yet where we want to be and this will continue to be a priority for us.

“We made further progress with transforming our costs, contributing to a 6% decline in operating costs in the fourth quarter. We’ve reorganised our business, increased productivity and streamlined our processes.

“Our performance during the year is reflected in our full year dividend, which is up 14%. Our results and the investments we are making position us well for the future and enable us to increase our free cash flow outlook for the coming year.”

 

Proposed Full Year Dividend Up 14%

                2015     12.4p

                2014     10.9p

 

Dividends are normally paid twice a year, with final dividends paid in September, and interim dividends in February. Payments for 2013/14 and 2014/15 are:

Year        Dividend   Amount     Ex-div date        Record date      Payment date
2014/15    Final          8.5p      13 Aug 2015       14 Aug 2015         7 Sep 2015
2014/15    Interim       3.9p      29 Dec 2014       30 Dec 2014         9 Feb 2015
 

BT's Big Ideas Down Under

Gavin Patterson CEO talks to the "Australian" about BT's Strategies for Asia 22nd May 2015

 

BT Today Magazine - Pensioners Loose Out in BT Drive to cut costs

On Wednesday 14 November 2012 I received my usual copy of BT Today (Pensioner Edition) and it was with some dismay that on page 21. I read that the Pensioner Edition would cease publication from this issue onwards, because it can no longer be funded. Does BT really need to make such meagre savings on the back of it’s pensioners? See A Point of View

 

Shareholder News

 

BT Regional Directors and Regional Board Members Details

www.btplc.com

www.btplc.com/shareholders

BT Shop Offers

www.bt.com/shop/shareholders

BT today

http://www.btplc.com/BTToday/

                              

 

 

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