MARKET REPORT: Investors hang up on BT after Citi warns revenues at Openreach arm will decline in the coming years

MARKET REPORT: Investors hang up on BT after Citi warns revenues at Openreach arm will decline in the coming years
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MARKET REPORT: Investors hang up on BT after Citi warns revenues at Openreach arm will decline in the coming years
Published: Feb, 18 2025 22:01

Summary at a Glance

But shares fell 4.8 per cent, or 138p, to 2726p as investors took profits following a near-80 per cent rise since the start of last year.

With talks over Ukraine, the threat of US tariffs and concerns about the UK economy giving investors plenty to deal with, the FTSE 100 inched down 0.01 per cent, or 1.28 points, to 8766.73 and the FTSE 250 slipped 0.3 per cent, or 57.12 points, to 20,881.56.

With higher rates typically good news for lenders, Natwest gained 1.4 per cent, or 6.2p, to 445.2p and Barclays rose 1.3 per cent, or 3.8p, to 308.2p.

BAE Systems, despite gains during the day, closed down 0.1 per cent, or 1.5p, to 1336.5p following Monday’s 9 per cent gain.

But Chemring added another 3.7 per cent, or 13p, to 360.5p and Qinetiq put on 2.7 per cent, or 10.6p, to 402.6p.

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