BT shares hit near record lows

Apr 15 2009 by Graeme Brown, Birmingham Post

BT shares have reached near record lows amid fears the firm is poised to announce a £1.5 billion hit at its troubled global services division.

The stock was down four per cent after reports, which also included a potential further 10,000 job cuts.

BT is said to be preparing a write-down on the value of global services contracts.