Franking Machines

BT has seen a dramatic fall in profits for the second quarter of 2009. Profits fell by 45% to £272 million compared to profits of £497 million for the same period last year. Despite this shares in BT jumped 12% in early morning trading.

Earlier this year BT announced that 2300 staff would be made redundant and has also offered other staff cash payments in exchange for career breaks to avoid further redundancies.