BT boss departs on high note

BT chief executive Ben Verwaayen bowed out on a high note today after revealing a 3% rise in annual underlying profits to £5.78bn (€7.1bn).

Mr Verwaayen, who has been credited with reviving the telecoms group in his six years at the helm, said BT finished the year “in style” with a strong fourth quarter, including at its division providing IT and telecoms services.