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Stockwatch Daily: BT loses out as Europe sits tight

BT stock tumbled in London this morning after the telco announced a new share issue. BT Shares were down 5.63 per cent to 536.5p at 09:25(BST). But overall European stocks remained flat as investors wait to see if the European central bank and Bank of England decide to cut interest rates today.

By Sonya Rabbitte

Published: 10 May 2001 09:50 BST

The FTSE was down 0.8 per cent to 5,888, while the Techmark dropped 0.1 per cent to 2,028 just after 09:20(BST).

Internet infrastructure provider Telecity also took a sharp fall, down almost 54 per cent to 140p, after posting widening first quarter losses, while BSkyB continued its drop, down 1.68 per cent to 789.75p, after yesterday's disappointing results.

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