BUZZ-TalkTalk: top of FTSE 250 as turns a corner after cyber attack

** Broadband company's shares +8%, top of FTSE 250 on encouraging update in aftermath of high-profile cyber attack in October

** TalkTalk says attack cost it c£15 mln, which combined with a £20 mln pound impact from the lower customer base, results in FY earnings of £255-265 mln (below a consensus quoted by Barclays (LSE: BARC.L - news) of about £274 mln)

** However, co sees biz returning to normal, both churn and new connections recovered during December and January, expects to deliver a material step-up in profits in H2, with FY results in line with market consensus

** As guided at the H1 results, expects to grow final dividend by 15% YoY; FY17 dividend to be no lower than in FY16, with net debt reducing

** Stock -12% since news of cyber attack broke

(RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)