Sector movers: Telecoms up on BT pay deal

9th Jul 2010 13:54

Fixed Line Telecommunications are up after BT agreed a 9.3%, three-year pay deal with its engineers, call centre and other workers ending the prospect of a series of potentially crippling strikes. The deal, backdated to the start of 2010, runs for 39 months and covers the London Olympics and BT's proposed roll-out of a new broadband network. "This is a fantastic deal for our members, providing a fair rise in their basic pay this year and for the following two years. This deal is among the highest pay settlements in the country this year, recognising the contribution of staff and BT's success over the last year," Andy Kerr, deputy general secretary of the Communications Workers Union said.Top performing sectors so far todayHealth Care Equipment & Services 3,364.62 +3.30%Automobiles & Parts 3,037.15 +2.28%Forestry & Paper 4,379.63 +1.70%Fixed Line Telecommunications 1,988.57 +1.54%Personal Goods 13,812.75 +1.35%Bottom performing sectors so far todayGas, Water & Multiutilities 4,094.41 -0.79%Real Estate Investment Trusts 1,718.08 -0.59%Tobacco 25,904.45 -0.57%General Retailers 1,576.51 -0.56%Beverages 8,455.68 -0.52%