BT Group plc (BT.L) today announced its trading update for the three months to 30 June 2020

[idpickering]

Key strategic developments:

• BT delivered a strong operating performance and remains committed to supporting our customers and colleagues. Financial results impacted by Covid-19

• Openreach committed to build FTTP to 3.2m premises in rural areas by 2025/26, subject to enablers including extension of indexation across the whole country. Continued progress towards 20m FTTP target

• Openreach to stop selling copper products to c.1.2m FTTP-enabled premises in 117 exchange areas from June 2021

• Further work required to comply with additional restrictions on the use of Huawei equipment but no anticipated impact on coverage or rollout of 5G and full fibre; cost expected to be absorbed within previously reported estimate of £500m

• Enterprise launched major new scheme to support small businesses in being better positioned for growth following Covid-19

• 16 successive quarters of improvement in Group NPS1

• Rob Shuter appointed CEO of Enterprise unit; Gerry McQuade to retire from BT

https://www.investegate.co.uk/bt-group- ... 00076862U/

Not much of any future dividends mentioned that I can see?

[kempiejon]

Not much of any future dividends mentioned that I can see?

Ian, cheers for the update, re dividends I'd really not expected anything as BT made the statement below back in May.

Final dividend suspended for 2019/20 and all dividends for 2020/21 to create capacity for value-enhancing investments and managing confidently through the Covid-19 crisis; expect to resume dividends in 2021/22 at an annual rate of 7.7 pence per share

https://www.londonstockexchange.com/new ... s/14531501
Not much of an income prospect for a while then. There was a purple patch for BT after the crash but over 20 years we've seen several cuts.