KCOM expects lower full-year core earnings as costs rise

(Reuters) - KCOM Group Plc said on Friday it expected core earnings for the current financial year to be slightly lower than a year earlier, as the telecoms services provider ramps up investments in its Hull and East Yorkshire market to accelerate growth. Shares in KCOM, whose customers include chip maker ARM Holdings and Domino's Pizza Group, were down 2.7 percent at 103.18 pence in early trading on the London Stock Exchange. Hull-based KCOM said it expected capital expenditure to be more than