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| Version 1 | Version 2 |
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| Price war fears hit BT shares | Price war fears hit BT shares |
| (about 2 hours later) | |
| (Noon): Despite reporting an increase in second quarter profits, shares in BT Group fell 3% as investors worried it could get drawn into a price war. | (Noon): Despite reporting an increase in second quarter profits, shares in BT Group fell 3% as investors worried it could get drawn into a price war. |
| Second quarter profits rose 13% to £563m, with revenues from BT's consumer business up 7%. | Second quarter profits rose 13% to £563m, with revenues from BT's consumer business up 7%. |
| BT has taken on BSkyB by winning rights to Premier League matches, but there are concerns over the impact of increasing competition between the two. | |
| The FTSE 100 index was down 64.08 points, or 1%, at 6,389.79. | The FTSE 100 index was down 64.08 points, or 1%, at 6,389.79. |
| Mining firms weighed on the index as a rise in the value of the dollar pushed down the price of commodities. Randgold Resources fell 3.3% and Fresnillo dropped 3.2% | Mining firms weighed on the index as a rise in the value of the dollar pushed down the price of commodities. Randgold Resources fell 3.3% and Fresnillo dropped 3.2% |
| Barclays rose 1.1% after it reported pre-tax profits of £3.72bn for the first nine months of the year, up from £2.85bn a year earlier. | Barclays rose 1.1% after it reported pre-tax profits of £3.72bn for the first nine months of the year, up from £2.85bn a year earlier. |
| The bank has also set aside £500m to cover the potential costs of an investigation into currency trading. Barclays is among several banks being probed over alleged rigging of currency markets. | The bank has also set aside £500m to cover the potential costs of an investigation into currency trading. Barclays is among several banks being probed over alleged rigging of currency markets. |
| Royal Dutch Shell A and B shares fell more than 1% after its latest quarterly results. | Royal Dutch Shell A and B shares fell more than 1% after its latest quarterly results. |
| The oil giant reported third quarter profits of $5.3bn, and also said it had appointed former Bank of America and DuPont chair Charles Holliday as its new chairman. | The oil giant reported third quarter profits of $5.3bn, and also said it had appointed former Bank of America and DuPont chair Charles Holliday as its new chairman. |
| In the FTSE 250, transport group National Express rose 3.2% after it said pre-tax profits in the third quarter were nearly 15% higher than a year earlier. | In the FTSE 250, transport group National Express rose 3.2% after it said pre-tax profits in the third quarter were nearly 15% higher than a year earlier. |
| On the currency markets, the pound fell 0.18% against the dollar to $1.5985. The dollar had been boosted after comments from the US Federal Reserve on Wednesday hinted that it was more confident about the state of the US labour market. | On the currency markets, the pound fell 0.18% against the dollar to $1.5985. The dollar had been boosted after comments from the US Federal Reserve on Wednesday hinted that it was more confident about the state of the US labour market. |
| Against the euro, the pound rose 0.3% to €1.2709. | Against the euro, the pound rose 0.3% to €1.2709. |