BT’s market value has nearly halved over the past two years ALAMYBT is poised to overhaul its troubled international division in a move that could shut dozens of overseas outposts, including the scandal-hit Milan office. It is understood that an in-depth analysis of BT Global Services will be presented to the board by the end of the year. The review, conducted by McKinsey & Co, could see BT speed up its revamp of operations, sources said. The report comes at a pivotal time for BT, whose market value has nearly halved to £27bn over the past two years in the wake of an accounting scandal in Italy and other costly setbacks. City grandee Jan du Plessis will become chairman on November 1, succeeding former CBI president Sir Mike Rake.

Source: The Times October 21, 2017 23:03 UTC