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BT Group PLC's shares dropped by 7% following disappointing first-half results and a cut to full-year revenue guidance, primarily due to non-UK operations and a competitive retail environment.
November 07, 2024 | 2:00 pm
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BT Group PLC's shares fell by 7% after the company cut its full-year revenue guidance, citing challenges in non-UK operations and a competitive retail environment.
The 7% drop in BT Group's share price is directly linked to the company's reduced revenue guidance and challenges in non-UK operations. This indicates a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100