Telecoms giant BT today launched a new online fundraising service in the UK, guaranteeing that 100% of donations will go direct to the charity.

BT Group plc have announced a 4% drop in revenues to £5.6bn (€6.6bn) in its results for the first quarter to June 30, 2010.

The threat of a strike by BT workers in Britain was averted today when the telecoms giant reached a deal with union leaders for an “unprecedented” three-year pay rise worth more than 9%.

British telecoms giant BT will face the threat of industrial action today after it publishes its annual report, which is expected to show increased bonuses for top staff.

BT shares fell sharply today after the telecoms group revealed the “substantial concerns” of the UK pensions watchdog over a deal to plug its record £9bn (€10.2bn) pension scheme black hole.

BT posted a further fall in profits today after its troubled IT services division continued to overshadow better trading at its retail arm.

Telecoms giant BT is cutting 10,000 jobs, mainly among agency workers and sub-contractors, the firm announced today.

Former BT chief executive Ben Verwaayen was today named as the new boss of troubled telecoms equipment firm Alcatel-Lucent.

Telecoms provider BT today announced plans to roll out “super-fast” broadband to as many as 10 million homes by 2012.

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).

The London market dropped back below the 6000 barrier today as concerns over house prices brought the recent rally to an end.

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.

BT moved further from its traditional role as a telecoms provider today by announcing plans to offer a set-top box that will allow UK viewers to replay their favourite TV programmes.

The London market ended the week close to its opening mark after updates from two blue-chips disappointed investors.

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