BT reaffirms targets as cost control helps Q1 earnings

LONDON: Britain’s BT said it was on track to deliver its financial outlook for the year, with its boss adding there was more to do to simplify the company as it targets improved cash flow by the end of the decade.

In its first trading update since announcing a path to more than double free cash flow over the next five years, BT said that tight cost control had helped increase core earnings in the first quarter, despite a fall in revenue.