BT windfall fails FTSE

A £2.5 billion windfall for BT shareholders failed to keep the telecoms company off the FTSE 100 Index fallers board today.

BT appeared to succumb to profit-taking as shares were 2% lower, despite a 27% rise in its dividend and a promise to buy back £2.5 billion of its shares over the next two years. The stock was down 6.5p at 308.75p.