Financial Times FT.com

Downgrades knock BT shares

By Bryce Elder and Neil Hume

Published: May 15 2009 08:45 | Last updated: May 15 2009 22:36

BT Group was the biggest blue-chip faller on Friday amid analyst downgrades and trading concerns.

Its full-year results on Thursday met investors’ low expectations. The group announced a stop-gap agreement with the pension regulator and cut its dividend by 60 per cent.

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