BT sinks (Il Sole 24 Ore Radiocor) - London, 20 Aug - Shares in London closed lower as investors paused after the year's longest rally as they await more indications to the Federal Reserve's future policy moves.

Weighing on the blue-chip index, shares of oil companies were lower, as crude oil futures prices dipped amid concerns about Chinese demand and hopes of a ceasefire agreement in Gaza that could ease worries about Mideast supply disruptions.

Shares of BP lost 2.76% at 429.85 pence Among individual stocks, BT Group fell6.39% at 136.30 pence amid reports that Sky is partnering with BT-rival CityFibre to expand the reach of its broadband network.

The London FTSE 100 closed down 1.00% at 8,273.32 points.

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(RADIOCOR) 20-08-24 18:31:48 (0427) 5 NNNN