London, England -- (SBWire) --05/16/2011 --Market news from spread betting and CFD trading provider City Index (http://www.cityindex.co.uk/) BT's share price has fallen down the FTSE 100 today, despite the organisation revealing its profits have increased.

As of 13:46 BST, BT's value on London's premier stock index had lost 1.73 per cent compared to yesterday's close, dropping by 3.50 points.

For the year to March 2011, the organisation enjoyed adjusted profit before tax of more than £2 billion. For the quarter ended March 31st, this stood at £610 million.

Both figures represented a rise of 20 and 21 per cent respectively compared to their corresponding periods of 2010.

It would appear that even increased adjusted earnings per share for the year of 21 p - up by 21 per cent - did not improve the attractiveness of BT's stock to investors.

Commenting on the financial results, chief executive of the telecommunications company Ian Livingston stated: "We have delivered profits and free cashflow ahead of expectations for the year, while making significant investment in the business for the future. Free cashflow has nearly trebled compared with two years ago."

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