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Shares in TalkTalk have fallen over 10% after the broadband supplier lower its dividend and warned earnings will fall.

TalkTalk reported a £133m pre-tax revenue for this 12 months, up from £107m for 2016, however mentioned it anticipated earnings to fall once more this monetary 12 months because it invests to draw new prospects.

The agency suffered a serious hacking assault in 2015 which noticed its earnings halve that 12 months.

The FTSE 100 general was flat, up zero.03% to 7,344.5.

Barratt Developments was one of many few brilliant spots, surging four.three% after the home builder mentioned full 12 months revenue could be on the high finish of forecasts.

The agency expects a £733m pre-tax revenue for the 12 months to the top of June, up 7% on the earlier 12 months, regardless of constructing an identical stage of properties.

The builder has been boosted by rising home costs and authorities schemes to assist individuals get on the housing ladder.

ITV shares fell 1.four% after the broadcaster reported a three% drop in revenues for the primary quarter of this 12 months.

On the forex markets, the pound was up zero.23% towards the greenback at $1.2966 and up zero.12% towards the euro at 1.19070 euros.

Brent crude costs have been zero.7% larger at $49.07 per barrel.