UK housebuilders and banking stocks were under pressure today after the Halifax said house prices fell by 2.5% last month.

Telecoms group BT today said chief executive Ben Verwaayen will step down at the end of May after more than six years at the helm.

The fallout from recent TV phone-in scandals impacted on BT today after the telecoms giant delivered revenue figures short of City estimates.

British Telecom today said it had paid out £182m (€261m) on its restructuring plans after 2,000 people left the business.

Telecoms group BT today unveiled a new structure aimed at driving its transformation into a software-based services company.

Telecoms group BT is flexing its green muscles by telling half a million of its most "internet friendly" customers they must "opt in" to receive paper bills.

BT said today it would make its 10 millionth broadband connection this week, twice the number it had envisaged five years ago.

Strong demand for broadband and “new-wave” services ensured telecoms group BT delivered quarterly results at the top end of market expectations today.

BT delivered its 10th quarter of revenues growth in a row today after benefiting from demand for broadband and other “new-wave” services.

BT soared in value today as it revealed it was winning more high-tech business to offset falling revenues in traditional fixed-line telephony.

BT today posted figures at the top end of expectations after revenues from 'new-wave' services offset weakening demand for traditional telecoms work.

Telecoms group BT said today its transformation remained on track after achieving a 5% sales rise in the three months to the end of September.

Telecoms group BT today said it had reached a broadband milestone a year early as it reported a 4% rise in pre-tax profits.

ESAT BT turned up the heat on Eircom yesterday by slashing rates on its combined phone and broadband internet package.

Telecoms giant BT today unveiled a “blockbuster” deal to supply network services to news group Reuters for around $3bn (€2.23bn).

British Telecom continued to benefit from strong broadband take-up today after revenues grew for a fourth quarter in a row and profits lifted 4%.

British Telecom offered today to open up its telecoms networks – but warned that regulatory uncertainty could put £10bn (€14.5bn) of investment at risk.

A new customer is being connected to broadband every 10 seconds in Britain, taking the total over the four million mark, telecoms giant BT announced today.

British Telecom today said it had chosen its group finance director to spearhead its key retail operation.

TELECOMS firm EsatBT said its revenues rose by 25% in the six months to end September as more consumers and businesses switched their phone services to the British-owned firm.

Telecoms giant BT today said rising demand for broadband had helped it to its fastest underlying revenues growth in nearly three years.

ESAT BT surprised investors with higher-than-expected profits, driven by growth in demand for high-speed broadband services.

Telecoms giant BT surprised investors today with higher-than-expected profits driven by growth in demand for high-speed broadband services in Britain.

BT today said it was freezing the pay of its chairman and executive directors this year.

BT shares gained 3% today after the telecoms giant said its revenues had increased on the back of higher demand for high-speed broadband services.

Telecoms giant BT today said an acceleration in revenues from “new wave” technology had cushioned the impact of a decline in its traditional fixed-line business.

BT and HP have announced plans to develop a global IT alliance.

THE BT Group reported a 56% jump in first-quarter pre-tax profits yesterday, but turnover was flat compared with the previous year, as its core voice revenues continued to fall.

Telecoms group British Telecom today rang up a 56% rise in first quarter pre-tax profits, but said its year-on-year turnover remained flat.

British Telecom is spending £10m (€15.85m) to promote the potential of broadband in what it believes is the UK’s most intensive TV ad campaign ever, it said today.

Telecoms group BT is set to cut around 2,200 jobs from its loss-making IT services division Ignite, it emerged today.

BT's new CEO Ben Verwaayen has outlined the company's plans to try to make the company more competitive and managing its finances so that it can cut its huge debts.

The London market was in a subdued mood today, as investor sentiment continued to be dented by the situation in the Middle East.

Telecoms giant BT is to consider making and distributing its own television content as it looks at entering the broadcasting sector