Shares of BT leap 11% on sales rise

Article Abstract:

British Telecommunications PLC (BT) saw its share value rise by 11% after the company posted a surprising 15% increase in its sales for the fiscal third-quarter of 1998. However, BT's pretax profits declined partly as a result of international start-up costs and domestic competition. For the three months ending on December 31, 1998, BT's pretax profits dropped 16% to 858 million pound sterling ($1.4 billion). During the same period in 1997, BT posted 1.02 billion pound sterling

Comment:

Share value rises by 11% after co posts surprising 15% increase in its sales for the fiscal third-quarter of 1998

Sales, profits & dividends, Abstract, British Telecommunications PLC

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GorillaPark hunts for additional funding

Article Abstract:

GorillaPark is seeking additional financing five months after receiving an investment of $40 million (42.8 million euros) from Cable and Wireless PLC. GorillaPark is a Internet incubator based in Holland.

On-Line Information Services, Financial management, Videotex & Teletext, Telegraph & other communications, Online services, Internet services

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GorillaPark secures venture funding

Article Abstract:

Dutch Internet incubator GorillaPark has secured $20 million (Euro21 million) in funding from Cable and Wireless as part of a $50 million round of financing that will close at the end of the month.

Receipt of funds, Use of Funds, Cable and Wireless PLC

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