BT shares plunge 19% as Italian accounting scandal deepens – business live

Almost £8bn wiped off BT shares after scandal. It’s been a day to forget for BT, its executives and of course its army of small shareholders. Around 700,000 people own less than 1,600 shares, a legacy of the telecoms group’s privatisation in 1984. And they as much as anyone will be shocked by the 20% plunge in the company’s shares after it revealed a worse than expected hit to its figures from an accounting scandal in Italy, not to mention a warning of a slowdown in business elsewhere.
Read more: https://www.theguardian.com/business/live/2017/jan/24/bt-shares-profits-italy-accountig-scandal-sterling-public-finances-live?source=Snapzu