BT's fibre plan starts to deliver as its architect Jansen bows out

FILE PHOTO: A view of BT Group logo displayed on BT tower, in London, Britain, July 21, 2023. REUTERS/Hollie Adams/File Photo

LONDON (Reuters) - BT Group, Britain's biggest broadband and mobile provider, posted second-quarter earnings ahead of forecasts, lifting its shares in a boost for outgoing CEO Philip Jansen and his strategy of rolling out its fibre network.

Shares in BT jumped 6% in early trade, good news for Jansen who will step down early next year and has long said he has been disappointed by the stock's performance. Shares have halved since he took over in 2019.