Broadband overhaul

BT shares rose 5pc after a crackdown on broadband pricing was not as harsh as expected. The company said measures announced by Ofcom, the telecoms watchdog, would cost it between £80m and £120m in the 2018-19 financial year. Ofcom said it would limit the amount Openreach, BT’s cables arm, can charge other firms per month to use its network to £11.92, a climb down from an earlier proposal of £11.23.