Philip Jansen, the former boss of BT, has defended his strategy for the embattled telecoms company, blaming the persistent share price slump on the City's short-term outlook.
LONDON MARKET OPEN: Stocks head lower after China data, US payrolls lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Stock prices in London opened mostly in the red on Monday, following more weak Chinese economic data, and ongoing concerns about how much further interest rates will rise.
The FTSE 100 index opened.