BT workers share £160m profits

Thousands of workers at telecoms giant BT are sharing profits of around £160 million under the company's save-as-you-earn share scheme.

The 20,000 employees in the three-year savings scheme will receive an average profit on their savings of £8,000 each.

BT workers who joined a five-year savings scheme will be given details of their profits in two years time.

Almost a quarter of BT's employees signed up to share-save programmes three years ago when the company's share price was much lower than it is today.

PA