May 14: BT cuts dividend and 15,000 jobs

BT on Thursday said it would axe 15,000 jobs, more than expected, and cut its final dividend by nearly 60 per cent - the first reduction in seven years - after an "unacceptable" performance at Global Services, the UK telecoms group's troubled IT services division. Philip Stafford, companies reporter, talks to Daniel Garrahan about how BT's new chief executive, Ian Livingston, is doing after almost a year in the job. Produced by Darryl Thomson