A spokeswoman for BT said the media were ‘mischief making’ after reports in the Sunday Business suggested Hampton had turned down the offer to become chief executive as it was a ‘poisoned chalice.’
BT stated there would be no reshuffle until next year when chairman Sir Iain Vallance, 56, will be retiring.
Vallance has come under pressure as the company share price has fallen from over £15 in January last year, to under £5 today.
‘Sir Iain is retiring in July 2002 and at that time Peter Hampton could become a prime candidate to replace him as he has impressed shareholders since joining the company, but we do not expect Sir Iain to leave before that time,’ said a BT spokeswoman.
Individual and group shareholders are expected to mount even more pressure on company seniors at its next AGM in July.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up