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Rake's progress

21 February 2007 By Mike Verdin

The UK telecoms group s new chairman is talking of acquisitions and gearing up. That s the kind of talk which got it into trouble before. Rake needs to avoid BT regressing to the bad old days. One way to reassure investors would be to tighten the group s acquisition hurdles. Rake needs to avoid BT regressing to the bad old days. One way to reassure investors would be for BT to specify its acquisition criteria.

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