TALKTALK IS TANKING

TalkTalk put out what, on the face of it, looked like a fine trading update Wednesday morning — but shares are tanking right now.

The telephone, internet, and TV provider reported a 3.5% rise in first quarter revenue and says it's on track to hit its target of 5% revenue growth this year.

But the quarterly revenue rise missed forecasts and stock is down 6.8% an hour after trade started on the London Stock Exchange.

Investors seem particularly spooked by TalkTalk's bearish comments on the...

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