BT loses £200m Barclays contract

'We'd like to make a withdrawal'...

BT has lost a lucrative contract with Barclays Bank to its rival Cable & Wireless. Barclays - one of BT's biggest corporate customers - is to move all its inbound call centre, voice data and internet traffic to Cable & Wireless after several months of negotiations according to a report in today's Guardian. The five-year deal is estimated to be worth around £200m to C&W. BT shares remained unchanged in mid morning trading to stand at 274.75p by 13:55(BST).