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BT drops again as fears grow on full-fibre rivals
Evening Standard
|August 21, 2024
FRESH BT weakness and the selling of London’s top two stocks today offset progress by the mining sector in a sideways session for the FTSE 100 index.
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AstraZeneca, the £200 billion-valued pharmaceuticals group, fell 100p to 13,002p and Shell by 1% or 27p to 2706p to leave the top flight just 4.82 points higher at 8287.14.
BT led the fallers board for a second day in a row after competition fears were fuelled by Sky’s deal to launch broadband services on the rival CityFibre network. The shares dropped another 1.95p to 134.35p, having closed 6% lower yesterday.
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