FTSE LIVE: IT meltdown costs TSB £176m; BT bags bumper profits; Amazon delivers record earnings


FTSE LIVE: Twitter shares plunge on weak trading update; IT meltdown costs TSB £176m; BP strikes a $10.5bn oil deal with BHP Billiton

TSB swung to a hefty half-year loss after a botched IT upgrade that impacted 2 million customers cost the bank £176.4m. 

BT profits surged a healthy 68 per cent to £704m in the last three months, despite a slight sales slide. 

Meanwhile BP has struck a $10.5bn deal with BHP Billiton for its oil assets.

And, across the pond, Amazon unboxed its biggest ever quarterly earnings – £1.9bn. 




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