London market in the red as BT shares pay the price

BT shares pulled the FTSE 100 into the red on Tuesday after the telecoms giant revealed plant for a £530 =Lion writedown amid a major accounting scandal at its Italian business. London's top flight index ended Bat. Meting lower by Ott poinir ro 7.150 14 porno. dragged lower by 8T share. whi.ro plunged 79 SSp to 303p. The telecoms plant warned on prof= after tiring it expects to take a LW= hit after account-ing nyngularities at its Italian drown requited in an =enlace-ment of =irony at the &nom over a number of years The figure was toned op hoot a previous e'en.= of Litnn In cunennes. the pound was =arty flat against the US dollar at t 253. and rose U.09 pet cent = asLt= cum to 1 165 stwnbled eddies tn the day after Britain s Supreme Coon 'tiled that the Govern-now Is oat required to cancan the Scottish. Wehh or Northern Irish assemblies before kick-starting the Brett process Investor, were alto digesting data which showed that the Greierlirrbelit hottlYVIed a hither-than-expected 16.9bn in December Ftonomistr were procaRtng in a figureof fix Tbn &inn Fumpe no Tuesday, the French Cat 40 rose nearly 0 2 per cent and the German Dix ' rose 0.4 per Cent In oil markets. Brent crude prices rose 0 5 pet cent to Around 55 64 115 dollars per buret if.44.411` amid signs that the supply cuts by fipec and other major producers were suntrap to wile the global glut. In UK stoclu. Cent/Ica shares • fell! 7p toll:Tip. Its British Gas agreed to pay a L9.5m penalty after the energy watchdog said it let customers down, following billing and complaints issues. HSBC shares rose2 /pro it/2 gp at :el. the high street lender saati it would shut a further b2 bank branches on top of the SS closures announced last year It alto announced that 204If lob. would be hot to cwt Cuts by War-t-ad Want Carphena shares fell 71 I p to SISp despise notching up a to pet cent (urge in like-for- like sales across stores in the UK and Ireland over the 10 weeks to January 7. with analysts saying that 2017 could poste • mote challenge yeas tot tholestiles Shares In tante fell 95p to 9111p alter :nesting another S15m hit (too the weak pound, and a financial Impact in the 'low millions- following last month'. Christmas market attack at Pedal In other, news. St Tropn and Imperial Leather owner Fl Cussonsposted lower half-year profits after • porn summer has IN Nies of its fake tan ranges The soap and beauty group posted a 37.4 pet Not plunge an otatutory pie-tax profits to L24 9m of the sta months to November 30. with profits 5 5 pea tent {own on Si undetiying basis at I40.2m. PLCUSSOIS11110 blamed a thf11- cult mules and ntsztar-ac woes ln >agent Garohne Salve: said the group liar laced a backdrop full al challenges' She added: 'Ms was by nu means unespected and so. despite this. the :nuts taint a solid pedistroanee." Shares In the company fell 361p to stand at 299.7p Tuesday's biggest risers on the FTSP, SOO were Amish Monica up 771kp to 13116p. Antelaynts up 341.rp to 324p. RN Tints in 1401,1p m3.615p, and IN Much coded the session up Sp to stand It 209 3p Tuesday's biggest Wesson the FTSP, IN/ wale IN Group down 79 Si'5 to 303p. easylet sliding 95p to nip. Dixon: Carphone declining 21 I p to 3:5p. and Paddy Power Set* which dosed the session down 15Sp to stand at 7.9I0p