n off as BT and rose to the job of director of its European operations.  <P>Shares in Energis fell 9% in early trade. "It's not very good news at all for the company," said one analyst. "He has a fantastic reputation in the market." By the close, however, they had recovered their loses and were 5p higher at 276p.  <P>Mr Grabiner will be replaced by chief operating officer David Wickham, who joined Energis from Cable &amp; Wireless at the end of 1999. At C&amp;W he had been in charge of delivering a single i