TalkTalk dives into the red as it pushes to attract new customers

Telecoms company’s shares fall as it reports £75m loss after investing in new cut-price broadband, TV and phone services

Shares in TalkTalk plummeted as much as 17% in early trading after the telecoms business reported a £75m loss for the six months to September and warned that full year profits will hit the lower end of its guidance.

Embattled TalkTalk, which is still facing the legal fall out of data breaches following a cyber attack in 2015, ran up £90m in exceptional charges relating to a restructuring of the business to refocus on its core proposition as a budget internet provider.

Continue reading…

For more details, click on: TalkTalk dives into the red as it pushes to attract new customers