Jan 30, 2020
Bumper earnings report featuring Shell, Diageo, Unilever, Frasers and BT
Twice a year, there's a bumper day for UK corporate earnings. Shell will slow the pace of buybacks, with $1bn of purchases expected in the next quarter, down from $2.8bn in the final quarter of last year. For the full year, earnings were down by 23 per cent. Drinks group Diageo has cut its guidance for the year. Finally, BT has said the cost of implementing the government's cap on the use of Huawei equipment will cost it £500m over the next five years as it reported its third quarter figures.
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