The Guardian24 Jun 2026Market
Automatically composed with AI from the cited sources
BT disclosed the write-off to analysts, with pensions risk lead Shan Abdullah stating the equity stake was written down in 2024 and that the scheme’s debt exposure to Thames was sold before requiring a write-down. The £33.2bn scheme first invested in 2012 with a 13% stake, sold 4.36% in 2017, and now holds no Thames bonds. The disclosure follows last week’s objection by the environment secretary to the creditors’ rescue plan, as the government signals a shift toward special administration.
Context
The disclosure follows last week’s objection by the environment secretary to the creditors’ rescue plan, as the government signals a shift toward special administration.
