July 27, 2018 / 6:14 AM / 4 months ago

Britain's BT 'making progress' as Q1 earnings edge up

LONDON, July 27 (Reuters) - Britain’s BT Group Plc reported a 1 percent rise in first-quarter core earnings to 1.8 billion pounds ($2.36 billion) thanks to its EE mobile unit and cost savings.

The group, which announced the departure of CEO Gavin Patterson last month after he lost the faith of shareholders, said it was making positive progress in its turnaround plan.

Underlying revenue fell 2 percent, in line with market expectations, it said on Friday.

$1 = 0.7631 pounds Reporting by Paul Sandle; editing by Kate Holton

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