Why is Telecom Plus stock rallying today?
Investing.com -- Telecom Plus stock rose 6.0% to reach 906p during today’s session after the company said annualized multiservice customer growth in the first four months of fiscal 2027 slightly exceeded its 10% full-year target. Telecom Plus reiterated its full-year adjusted pretax profit guidance of £80 million to £90 million, and said it remains on track to reach £175 million in adjusted pretax profit by fiscal 2031.
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Investing.com -- Telecom Plus stock rose 6.0% to reach 906p during today’s session after the company said annualized multiservice customer growth in the first four months of fiscal 2027 slightly exceeded its 10% full-year target. Telecom Plus reiterated its full-year adjusted pretax profit guidance of £80 million to £90 million, and said it remains on track to reach £175 million in adjusted pretax profit by fiscal 2031. The company also indicated that multiservice customer growth in the opening months of FY27 is running ahead of its 10% annual target, a meaningful beat given that the market had grown sceptical of the five-year plan’s ambitions after the stock cratered roughly 30% on the day the strategy was unveiled in late June. It confirmed that the £40m share buyback programme launched at the time of the full-year results remains on track.
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- What's the story?
- Investing.com -- Telecom Plus stock rose 6.0% to reach 906p during today’s session after the company said annualized multiservice customer growth in the first four months of fiscal 2027 slightly exceeded its 10% full-year target. Telecom Plus reiterated its full-year adjusted pretax profit guidance of £80 million to £90 million, and said it remains on track to reach £175 million in adjusted pretax profit by fiscal 2031.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 16m ago.
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Why is Telecom Plus stock rallying today?
Sources1TypeCoverageInvesting.com · Stock Market