LONDON May 10 British broadband company
TalkTalk's cut its dividend on Wednesday as founder
Charles Dunstone, who became executive chairman earlier this
month, said he would focus on returning the business to customer
The company, which competes with BT, Virgin Media
and Sky, reported full-year earnings of 304
million pounds ($394 million), up 17 percent but short of its
own 320-360 million guidance.
The group cut its final dividend to 5.0 pence from 10.58
pence a year ago.
"My focus for the company is growth, cash generation and
profit – in that order," Dunstone said on Wednesday.
($1 = 0.7717 pounds)
(Reporting by Paul Sandle; editing by Costas Pitas)