GBPUSD
BT share price has gained by almost 6% in the past five days after reports that Saudi Arabia’s sovereign wealth fund had invested billions in the company. The kingdom now owns about 5% of the biggest telecom company in the UK. Still, the company’s share price is still languishing near the lowest level since the past financial crisis. The BT stock price has dropped by 40.7% this year and by 74% in the past five years.
London FTSE 100
Whitbread share price is down by more than 4%, becoming the worst-performing stock in the FTSE 100. Other laggards in the index are Compass Group, 3i Group, Informa, Smith, and HSBC Holdings. Like the DAX index, the FTSE 100 is down by almost 1%. Whitbread’s stock is dropping after reporting weak Q1 update. It is trading at 2,339p.
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