BT loses almost £8bn in value as Italy accounting scandal deepens

Shares plunge nearly 20% after bill for mismanagement at Italian division almost quadruples to £530m Almost £8bn or more than a fifth was wiped off the stock market 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 some of its other operations, with international corporate clients cutting back after the Brexit vote and UK government departments reducing their