BT shares rallied yesterday after it made progress in tackling its pension scheme deficit, but fears about the global recovery con-tinued to weigh on London's leading shares index.
The telecoms giant rose 5%, or 11.9p, to 232.1p after it reported a sharp reduction in its pension deficit to £4.1 billion and pledged to eliminate the shortfall in 10 years.
However, the wider FTSE-100 index made only marginal gains, rising 9.2 points to 5854.9. It fell nearly 2% over the week after sentiment was hit by worrying data from China and the eurozone.
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