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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

BT shares fall after Ofcom says it infringed competition law

BT shares are among the day's biggest fallers in the leading index, even as the FTSE 100 continues to hold onto its earlier gains.

The telecoms group is down 2.1p at 185p after regulator Ofcom accused the company of infringing competition law in 2008 and 2009. It said BT had set the prices charged to other suppliers for its wholesale calls at such a level that operators would not be able to cover their costs. BT disputes the claims, said it would participate in an Ofcom investigation but would defend its pricing strategies.

Meanwhile, with miners still driving the market forward, the FTSE 100 is up 41.71 points to 5933.32, and well on course for another new high for the year.

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