The BT share price has been on an upward trajectory over the last few months, recovering from below 100p in November 2020 to reach a high for the year at over 170p this month.
After a difficult year, things seem to be looking up. What will the full-year results mean for the BT share price?
BT share price rising after tough year
Over the last year, the BT Group has had to contend with the competing demands of a tough market in broadband and mobile hitting margins in its consumer division.
The company’s Enterprise and the Global divisions are having to cope with rapidly changing business environments, as well as the decrease of use in legacy products such as fixed-line phones.
BT are expected to reveal falling profits at Thursday’s full-year announcement, but with the BT share price rising 40% over the past 12 months, the telecoms giant is expected to restore the dividend of 7.7p a share in the next fiscal year. BT’s management have also upped their profit guidance for the full-year to £7.3bn to £7.5bn.
