February 8, 2018 / 7:15 AM / 17 days ago

TalkTalk to raise cash after cutting forecasts​

LONDON, Feb 8 (Reuters) - Broadband provider TalkTalk said it would raise up to 200 million pounds ($278 million) through a placing to strengthen its balance sheet after a drive to invest in the business forced it to cut its full-year earnings forecast.

TalkTalk, which spooked investors in November when it lowered guidance and cut the dividend, said it expected full-year 2018 core earnings to come in between 230 million to 245 million pounds.

It had previously forecast earnings toward the bottom end of a 270 million to 300 million pound range. ($1 = 0.7196 pounds) (Reporting by Kate Holton, Editing by Paul Sandle)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below