Shares rise on FT dividend rumours

24 Nov 2005

France Télécom has seen a rise in its share price after a report suggested that the company will increase shareholder returns next year. Dow Jones reported yesterday that the French telco was planning to boost dividend payments after three years of poor returns. Shares rose 2.6% on the back of the news. An FT spokesperson told Reuters: “We have said that our policy of returns to shareholders was under review and that we would talk about it again in February when our annual results are published and after a board decision on the issue.” Meanwhile, the telco has closed a 20-year EUR350 million bond offering. It says it “seized a window of opportunity in the bond markets to optimize the refinancing of its debt."

France, Orange Group