BT cuts 7,731 jobs, posts £1.1bn profit, shares hit 5-year high

BT reduced its workforce by 7,731 to 90,000 since March as part of a sweeping cost-saving programme, while reporting £1.1bn pre-tax profit for H1. The share price touched a five-year high, indicating investor approval of the restructuring. The job cuts signal ongoing efficiency drive in the UK telecom sector, with potential implications for consumer pricing and service quality.

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