Knives are out for BT

Troubled UK telecoms giant British Telecom used to run an annoying advertising campaign saying that it was "good to talk". However, market sources suggest that hedge funds think it's best to cut out the chat, and instead it's good to sell.

Even though many analysts are proclaiming that stocks such as BT have fallen to very attractive levels, an analyst at one European investment bank based in London confirms that hedge funds have really started to attack the share price.

This offensive has come

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