Deutsche Bank sees around 23% downside in BT Group PLC (LSE:BT.A) despite a slightly better-than-expected first quarter and reiterated guidance. The German bank's analysts end the week sticking to a ‘

BT Group PLC (LSE:BT.A) reported a 4% fall in first-quarter profit but has maintained full-year guidance. The telecoms group posted profit before tax of £505 million for the three months to June, down