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United Kingdom

Telecom Plus PLC (TEP.L)

TEP.L on London Stock Exchange

1,448.00GBp
24 May 2019
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Wed, Apr 17 2019

Telecom Plus warns on profit hit after Ofgem price cap, sees 2020 rebound

Telecom Plus Plc on Wednesday warned that full-year profit would lower-than-expected, after revenue in the fourth quarter was hurt from a price cap put in place by Britain's energy regulator and higher acquisition costs.

UPDATE 1-Telecom Plus warns on profit hit after Ofgem price cap, sees 2020 rebound

April 17 Telecom Plus Plc on Wednesday warned that full-year profit would lower-than-expected, after revenue in the fourth quarter was hurt from a price cap put in place by Britain's energy regulator and higher acquisition costs.

Telecom Plus warns on profit after Ofgem price cap hit

April 17 British multi-utility supplier Telecom Plus Plc on Wednesday warned that profit for full-year 2019 would be lower-than-expected, citing a drop in revenue in the fourth quarter because of a price cap by the country's energy regulator and expansion-related losses.

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