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BT cuts final dividend by almost 90% amid writedown and major jobs cull

BT chief executive Ian Livingston yesterday apologised to shareholders after the company cut its final dividend payout by almost 90% to tackle spiralling pension costs, high debt and problems at a key division.

BT chief executive Ian Livingston yesterday apologised to shareholders after the company cut its final dividend payout by almost 90% to tackle spiralling pension costs, high debt and problems at a key division.