Livingston, who will become trade minister, has been praised for spending £2.5bn on replacing old copper telephone lines with fibre cables, tackling BT's pension deficit and keeping costs under control at its global services business.
But he will leave before the outcome of a £1bn gamble to take on Sky in the televised sport arena. BT has bought rights to a package of English Premier League games, but last week's menu of televised matches showed that the satellite broadcaster still had the pick of the initial crop.
And there will be other issues on shareholders' minds too, not least Livingston's earnings of £16m over the past two years as long-term incentive schemes kicked in. They may well feel, however, that is a price worth paying for a 70% increase in the share price in the same period.
Meanwhile regulator Ofcom last week cut the amount BT can charge rivals to use its network, which should see customers paying less for their broadband but will undoubtedly have an effect on BT's profits.
And tomorrow culture secretary Maria Miller will quiz BT and other companies over delays in introducing promised superfast broadband to rural areas. As things stand, thousands of potential consumers in outlying areas of Britain will miss out on, among other things, live streams of the latest outings by gravelly-voiced pop stars. Now that's surely not something Livingston approves of.
Mixed message at Vodafone
Still with telecoms, as BT diversifies from its fixed-line roots, mobile group Vodafone seems to want to move in the other direction and add cables in the ground to its wireless operations.
It has made a £6.6bn bid for Kabel Deutschland in an effort to achieve the fabled quadruple play – offering customers mobile and fixed-line telephony, broadband internet and digital TV.
Its bid could yet be trumped by US group Liberty Media, and Friday's trading announcement will give the company the chance to bring investors up to date. Despite the potential German deal, Europe is proving tricky for Vodafone, with increased competition and the poor economic outlook leading to price cuts in countries such as Italy and Spain. But the update is likely to show continued strength in the US.
And it is across the Atlantic where Vodafone faces perhaps its main issue: the future of its stake in Verizon Wireless. Many analysts believe the company will sell its 45% shareholding, worth some $100bn, this year, but no agreement has been reached with Verizon. There are a number of issues to be resolved, from price to tax issues.
Of course, tax is a fraught topic for Vodafone, in the spotlight for avoidance tactics and recent news that it paid no UK corporation tax last year.
A chance to compare and contrast on Thursday, when both Microsoft and Google present results.
With the continuing decline in PC sales – down 10% year on year in the second quarter – Microsoft finds itself the dominant force in a market being left behind as the mobile future whizzes past. Windows may be the software of choice for the PC (or in case of Windows 8, perhaps not even that) but Google and Apple are leading the way in mobile devices.
So last week Microsoft boss Steve Ballmer unveiled a reorganisation designed to make sure its software engineers work across divisions rather than on individual products. It's intended to break down the walls and be a new start, so to speak.
Analysts at RBC Capital Markets said the restructuring should be welcomed by investors, but much will depend on the further details given along with the fourth-quarter trading update next week.
Meanwhile Google, whose Android software is the main competitor to Apple's iOS, rolls on, with second-quarter profits forecast to jump from $13.9bn to around $14.45bn.
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