Executives often ask: when is the best time to sell shares in the company? And, at last, we have an answer: when one of the businesses you’re running is being investigated over a £145 million accounting scandal. Yes, that does sound a bit controversial. But clearly not at BT, whose howitzer of a profits warning on Tuesday took almost £8 billion from its market value. On October 27, alongside its half-year results, the telecoms outfit said it had found “accounting errors” at its Italian wing.

Source: The Times January 26, 2017 00:05 UTC