BT reports solid numbers but potentially damaging strikes loom

UK operator group BT managed to grow revenues by 1% in Q2 2022 but compensating for industrial action by almost 40,000 workers won’t be cheap.
BT’s consumer facing operations grew their revenues by 5% year-on-year, thanks to price hikes implemented earlier this year. This compensated for a 7% revenue decline in the enterprise group and allowed BT to meet market expectations. Despite that, BT’s shares initially fell by as much as 6% after the earnings announcement, although they