FTSE LIVE: BT boss Patterson to exit


This Is Money

BT chief executive Gavin Patterson will depart later this year as the company seeks new leadership for it turnaround efforts. 

The telecoms giant said expects to have a successor in place during the second half of the year, with Patterson staying in his role until then. It comes after the company announced the slashing of 13,000 jobs as it tries to get on a better financial footing. 

The wider stock market is down into the red as we head in the weekend with a raft of political issues including Brexit weighing on investor sentiment.



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