Investors wondered whether anything was safe any more after mid-cap wonder JD Wetherspoon unveiled i...
Investors wondered whether anything was safe any more after mid-cap wonder JD Wetherspoon unveiled its first set of poor results ever, which pushed the pubs and brewing sector off a cliff and sank the FTSE 100 index by 16 points to 4,169.40.
Six Continents, formerly Bass, dropped 25.5p to 564.5p to lead the losers brigade.
Scottish & Newcastle dropped 2.5p to 455p and drinks producer Diageo lost 14.5p to 672.5p.
Vodafone signalled anther expansion with news it is acquiring France Telecom's share in Greek operator Panafon.
Added to acquisition news involving Dutch Libertel, it has raised fears Vodafone is using its recent bond sale proceeds to buy more rather than focus on driving profits from existing holdings - shares dropped 3p to 121.75p.
BAA got sold down 22.5p to 523.5p after a report from regulator CAA did not contain changes to the fee structure used to charge customers such as British Airways that use BAA's airports.
In terms of gainers it was the mining sector that saw a good deal of the action.
Xstrata jumped 35p to 627p while BHP Billiton rose 14.75p to 341p.
Brickmaker Hanson announced £47m worth of acquisitions today, pushing its shares up 16p to 322.5p.
Corus gained 2p to 34.5p.
JD Wetherspoon led the FTSE 250 index down 15 points to 4,558.5 following its poor results announcement.
Shares in the pubs chain fell 72p or nearly 30% to 181.5p.
Tech firm Xansa was the big climber, gaining 6p to 64.5p after announcing an outsourcing deal involving drinks giant Diageo.
Shares on New York's exchanges are up today following yesterday's holiday.
The Dow Jones Industrial Average index has climbed 5 points to 8,937.
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