BT loses £7bn in value as Italian accounting scandal deepens

Shares plunge nearly 20% after bill for mismanagement at Italian division almost quadruples to £530mMore than £7bn or nearly a fifth was wiped off the value of BT after the telecoms group revealed that an accounting scandal at its Italian business was much worse than originally thought.The company also warned of a slowdown in its other operations, with international corporate clients cutting back after the Brexit vote and UK government departments reducing their spending.Continue rea