FTSE 100 registers steady gains in face of BT slump

Thursday 11th February 2010

The FTSE 100 ended Thursday up over half a per cent, despite BT suffering a serious slump as concerns were raised over its pension fund deficit.

The London index ended on 5,161.48, a rise of 29.49, or 0.57 per cent.

Leading the gains was Roll-Royce, which rose 6.49 per cent to 520.5p after announcing a net profit in 2009 of £2.2 billion, compared to the net loss of £1.34 billion the year before.

Medical devices maker Smith and Nephew also leapt 4.27 per cent to 660p.

BT Group suffered by far the day's worst slump, dropping 8.75 per cent to 119.9p. The fall came after the Pension's Regulator expressed "substantial concerns" about the company's plans to plug the £9 billion hole in its pension fund.

Lloyds Banking Group and Barclays also registered significant drops, down 3.7 and 3.42 per cent respectively. ADNFCR-1783-ID-19611825-ADNFCR

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