Vodafone expansion plan frightens FTSE

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Vodafone Group is dragging the FTSE 100 down even further after the Financial Times reported it may ...

Vodafone Group is dragging the FTSE 100 down even further after the Financial Times reported it may pay as much as £9bn for control of Vivendi Universal SA's mobile-phone unit SFR. The FTSE 100 Index shed 2% to 4457 points in early trading, with Vodafone accounting for about a fifth of the slide, as the mobile phone operator shed 6.25p, or 6.3% to 79.75p and its lowest since December 1997. Computacenter climbed 7.5p or 2.7% to 290p as the U.K.'s biggest PC distributor said first- half revenue rose compared with the second half of 2001 but reiterated it expects profit to be little ...

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